Orbs, a Layer 3 blockchain, has introduced the launch of its liquidity hub on Fenix Finance, based on the newest updates shared with Finbold on July 4.
The launch goals to enhance liquidity on the Blast decentralized change (DEX) and improve capital effectivity for Layer 2 customers.
Addressing DeFi’s liquidity points
To handle the challenges of fragmented decentralized finance liquidity (DeFi), Orbs provides decrease transaction charges, most extractable worth (MEV) safety, and gas-free transactions.
Orbs’ liquidity hub acts as a further layer on prime of the DEX, serving to to mixture liquidity from completely different sources to make sure the absolute best pricing.
This minimizes slippage and maximizes the worth extracted from every transaction.
The Liquidity Hub integrates seamlessly with the prevailing Fenix DEX interface, sustaining the acquainted consumer expertise for merchants.
Buying and selling with out custody dangers
By aggregating liquidity from each on- and off-chain sources, the liquidity hub improves the buying and selling expertise with out introducing custody dangers.
If the transaction can’t be executed at a greater worth than the Automated Market Maker (AMM), the transaction will default to the AMM contract.
This ensures that trades are at all times executed on the optimum price with out having to manually select the liquidity route.
Serving to Fenix Finance develop
The deployment on Fenix marks Orbs’ fifth integration with DEXs on Ethereum Digital Machine (EVM) networks and debut on Blast, and follows Fenix Finance’s latest $300,000 funding spherical led by Orbs.
This funding, along with the brand new liquidity resolution, will assist Fenix obtain its purpose of offering probably the most capital-efficient buying and selling expertise on Blast.
Since launching its open beta in Might 2024, Fenix has attracted greater than 5,000 customers, producing a buying and selling quantity of greater than $150 million.
With the Orbs liquidity hub up and working, Fenix is nicely positioned to determine itself because the main protocol for Blast token buying and selling and liquidity provision.