Orbs has launched the Layer 3 Liquidity Protocol Perpetual Hub, a comprehensive on-chain perpetual futures trading solution. Before now, market-leading solutions used an order book or virtual liquidity mechanism, which lacked capital efficiency. Perpetual Hub provides a full suite of tools that enable traders to extract maximum value from on-chain practices using an intent-based model.
Developed in collaboration with SYMMIO and IntentX, Perpetual Hub uses Orbs' advanced L3 technology to provide traders with the tools they need to trade on-chain perpetual futures with CeFi-level execution.
Ran Hammer, Vice President of Business Development at Orbs, added: “This launch opens a door that has been a barrier for people in blockchain. Perpetual futures are significantly more popular than spot trading, and we now offer the best solutions for perpetual traders across the chain. We are eager to continue Enhancing our reputation as leading experts in DeFi and web3, to help connect the world to on-chain!”
Perpetual Hub supports on-chain perpetual futures trading, benefiting entities ranging from traders to market makers. The service consists of three spokes: Hedger, Liquidator, and Price Oracle.
Hedger is a market maker that uses a SYMM-powered front-end and provides liquidity by filling users' orders. As the counterparty to trades, Hedger can leverage external liquidity sources, including centralized exchanges like Binance, to obtain unparalleled liquidity.
The second component, Liquidator, enables users to liquidate a trader's position, in case the value of the security falls below the maintenance margin limit. Liquidators can receive a liquidation fee as a reward for providing this service.
The third part of the Perpetual Hub, Price Oracle, provides reliable on-chain and off-chain data to ensure accurate pricing, which is critical for people trading. Price oracles are essential for providing uPnL (unrealized profits and losses) to accounts, determining liquidations, and supporting accurate execution of orders. A reliable, robust, and fully decentralized price oracle is essential for the core functions of Perpetual Hub to run smoothly.
All three software solutions leverage the power of the decentralized Orbs network, with custodians and a proof-of-stake ecosystem, to allow platforms, market participants and other third parties to provide and operate a range of decentralized services for perpetual futures trading.
The total value locked (TVL) in cross-chain derivatives is $3.4 billion, a small fraction of the DeFi market's total TVL of about $100 billion. Perpetual Hub has the ability to enhance every aspect of perpetual futures trading, from pricing to order execution. The improvements will help increase trust in Onchain Perps markets, grow TVL, and provide a more secure and user-friendly trading experience.
About celestial bodies
Orbs (https://www.orbs.com/) is a decentralized Layer 3 (L3) infrastructure specifically designed for advanced cross-chain trading. By bringing CeFi-level execution to DeFi, Orbs improves trading through pooled liquidity, advanced trading orders, and on-chain derivatives. Orbs enhances the capabilities of both EVM and non-EVM smart contracts without moving liquidity to a new chain. This unique setup acts as a decentralized backend that provides CeFi-level execution for DeFi trading.
Orbs has launched the Layer 3 Liquidity Protocol Perpetual Hub, a comprehensive on-chain perpetual futures trading solution. Before now, market-leading solutions used an order book or virtual liquidity mechanism, which lacked capital efficiency. Perpetual Hub provides a full suite of tools that enable traders to extract maximum value from on-chain practices using an intent-based model.
Developed in collaboration with SYMMIO and IntentX, Perpetual Hub uses Orbs' advanced L3 technology to provide traders with the tools they need to trade on-chain perpetual futures with CeFi-level execution.
Ran Hammer, Vice President of Business Development at Orbs, added: “This launch opens a door that has been a barrier for people in blockchain. Perpetual futures are significantly more popular than spot trading, and we now offer the best solutions for perpetual traders across the chain. We are eager to continue Enhancing our reputation as leading experts in DeFi and web3, to help connect the world to on-chain!”
Perpetual Hub supports on-chain perpetual futures trading, benefiting entities ranging from traders to market makers. The service consists of three spokes: Hedger, Liquidator, and Price Oracle.
Hedger is a market maker that uses a SYMM-powered front-end and provides liquidity by filling users' orders. As the counterparty to trades, Hedger can leverage external liquidity sources, including centralized exchanges like Binance, to obtain unparalleled liquidity.
The second component, Liquidator, enables users to liquidate a trader's position, in case the value of the security falls below the maintenance margin limit. Liquidators can receive a liquidation fee as a reward for providing this service.
The third part of the Perpetual Hub, Price Oracle, provides reliable on-chain and off-chain data to ensure accurate pricing, which is critical for people trading. Price oracles are essential for providing uPnL (unrealized profits and losses) to accounts, determining liquidations, and supporting accurate execution of orders. A reliable, robust, and fully decentralized price oracle is essential for the core functions of Perpetual Hub to run smoothly.
All three software solutions leverage the power of the decentralized Orbs network, with custodians and a proof-of-stake ecosystem, to allow platforms, market participants and other third parties to provide and operate a range of decentralized services for perpetual futures trading.
The total value locked (TVL) in cross-chain derivatives is $3.4 billion, a small fraction of the DeFi market's total TVL of about $100 billion. Perpetual Hub has the ability to enhance every aspect of perpetual futures trading, from pricing to order execution. The improvements will help increase trust in Onchain Perps markets, grow TVL, and provide a more secure and user-friendly trading experience.
About celestial bodies
Orbs (https://www.orbs.com/) is a decentralized Layer 3 (L3) infrastructure specifically designed for advanced cross-chain trading. By bringing CeFi-level execution to DeFi, Orbs improves trading through pooled liquidity, advanced trading orders, and on-chain derivatives. Orbs enhances the capabilities of both EVM and non-EVM smart contracts without moving liquidity to a new chain. This unique setup acts as a decentralized backend that provides CeFi-level execution for DeFi trading.
