Orbs Perpetual Hub Launch: Enhancing On-Chain Futures Experience

Orbs, a layer-3 liquidity protocol, has unveiled its Perpetual Hub, collaborating with SYMMIO and IntentX to elevate the on-chain futures encounter for leveraged traders.

Decentralized finance (Defi) perpetual futures providers commonly rely on an order book as a liquidity mechanism to facilitate token exchanges and kickstart trading. While this approach has enabled investors to engage in decentralized perpetuals, numerous industry experts contend that it lacks capital efficiency for the $3.4 billion locked in on-chain derivatives, as per DefiLlama reports.

To combat this challenge, Orbs has introduced the Perpetual Hub driven by intent, offering a comprehensive range of on-chain solutions comprising Hedger, Liquidator, and Price Oracle.

Solutions Offered by Orbs Perpetual Hub

• Hedger: Leveraging SYMMIO's front end for aggregated liquidity, Hedger acts as a counterparty capable of tapping resources from external capital channels such as Binance and other centralized exchanges.

• Liquidator: Individuals can earn fees by aiding in maintaining margin thresholds and closing traders' positions.

• Price Oracle: Provides a decentralized pricing terminal for monitoring unrealized profit and loss.

Ran Hammer, Orbs' VP of business development, expressed that the launch of the Perpetual Hub 'opens a door that has previously served as a blocker' for participants in the blockchain realm, especially those keen on on-chain futures trading.

This initiative is poised to drive the intent-based future of on-chain derivatives trading, marking a significant step forward in enhancing the trading experience for leveraged traders.

For further information on this launch, visit Orbs Network.

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