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Integration of Orbs Liquidity Hub with Fantom AMM SpookySwap

Jun 2, 2024

Leading Fantom AMM SpookySwap has recently announced the integration of Orbs' cutting-edge L3 protocol, Liquidity Hub. This strategic move by SpookySwap to incorporate Orbs' Liquidity Hub opens up new avenues for Fantom users to enhance their onchain trading activities while also offering attractive incentives for liquidity providers.

The integration of Orbs' Liquidity Hub into SpookySwap signifies a significant milestone, empowering users to tap into deeper liquidity pools sourced from a diverse array of onchain protocols on the Fantom network. Leveraging Orbs' advanced L3 technology, this integration not only improves pricing mechanisms but also enriches the overall user trading experience with enhanced efficiency.

By expanding Orbs' Liquidity Hub to the Fantom ecosystem, this development marks the fifth deployment of the technology on an EVM chain. This advancement grants SpookySwap users greater autonomy and control when engaging in token swaps. Alongside facilitating more competitive pricing structures, Liquidity Hub serves as a safeguard against Maximal Extractable Value (MEV), facilitates gasless trades, and optimizes capital utilization through a user-friendly interface.

As a decentralized and interoperable protocol, Orbs Liquidity Hub creates a platform for decentralized exchanges (DEXs) to source liquidity seamlessly from a combination of onchain and off-chain origins. This unique approach eliminates custodial risks and upholds the core tenets of permissionless design integral to DeFi's value proposition. The incorporation of these enhanced features comes at no extra cost to SpookySwap users.

Operating as an L3 optimization layer above the AMM, Liquidity Hub leverages external liquidity sources to provide more precise price quotations, allowing trades to be executed with minimal slippage. This efficiency enables traders to maximize the value extracted from each trade executed on the platform.

Utilizing third-party solvers, Liquidity Hub competes to fulfill swaps by sourcing liquidity from AMM pools or individual private inventories. Additionally, it opens up access to decentralized orders via API, enabling institutional traders like market makers to participate in the bid process and vie for swap completion. If the layer cannot execute a trade at a superior price compared to the AMM, the transaction seamlessly reverts to the AMM contract for normal execution.

From the user's perspective, Liquidity Hub seamlessly integrates with SpookySwap's existing user interface, ensuring a smooth and intuitive trading experience. Its introduction to the Fantom ecosystem follows similar successful integrations on other chains, including Quickswap on Polygon PoS and zkEVM, Thena on BNB Chain, and IntentX on Base, consolidating liquidity pools across multiple networks.

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