IntentX, a decentralized perpetual change (DEX), has introduced a partnership with Layer 3 community Orbs, in accordance with info shared with Finbold on March 26.
The partnership marks an necessary step within the subject of decentralized finance (DeFi) and consists of the mixing of Orbs’ Liquidity Hub into IntentX’s ecosystem with the purpose of enhancing consumer entry to identify orders and the perpetual contracts market.
It transcends conventional automated market makers
Orbs Liquidity Hub is a cornerstone of the DeFi infrastructure, going past conventional automated market makers (AMMs) by leveraging liquidity from each on-chain and off-chain sources.
The platform addresses the problem of fragmented liquidity on DEXs, by aggregating liquidity from completely different chains to offer superior pricing in comparison with AMMs.
By partnering with Orbs Liquidity Hub, IntentX joins the ranks of trade greats reminiscent of Quickswap on Polygon and THENA on the BNB chain.
IntentX additionally grew to become the primary platform within the Coinbase Layer 2 chain, Base, to combine with the Liquidity Hub.
This groundbreaking integration breaks the dependency on DEX AMMs and ushers in a brand new period of liquidity provision.
Integration of decentralized orders from exterior sources
Orbs Liquidity Hub deviates from typical DEX swaps facilitated by AMMs in that it makes use of on-chain solver auctions and decentralized orders through API to acquire liquidity.
The on-chain solver auctions permit third-party solvers to compete for swap achievement utilizing on-chain liquidity AMM swimming pools or proprietary stock.
However, decentralized orders from third-party sources goal institutional {and professional} merchants on the lookout for optimum swap execution.
Decentralization and configurability
Developed by the Orbs undertaking, Liquidity Hub goals to offer limitless entry and composability.
With the mixing of IntentX, customers achieve unfettered entry to the community’s intensive liquidity pool at no extra price.
The collaboration between IntentX and Orbs underlines the trade’s dedication to innovation and accessibility.
Because the partnership grows, customers can look ahead to enhanced liquidity provision and a seamless buying and selling expertise on IntentX.