Orbs, a Layer 3 blockchain, has announced the open of its liquidity hub on Fenix Finance, per basically the most trendy updates shared with Finbold on July 4.
The open targets to enhance liquidity on the Blast decentralized substitute (DEX) and enhance capital effectivity for Layer 2 customers.
Addressing DeFi liquidity challenges
To address the challenges of fragmented decentralized finance (DeFi) liquidity, Orbs affords lowered transaction bills, safety in opposition to Maximal Extractable Charge (MEV), and fuel-free transactions.
Orbs’ liquidity hub acts as an additional layer atop the DEX, serving to mixture liquidity from a good deal of sources to make certain that basically the most helpful possible pricing.
This minimizes slippage and maximizes the fee extracted from every alternate.
The Liquidity Hub integrates seamlessly with the present Fenix DEX interface, keeping the familiar user abilities for merchants.
Shopping and selling with no custodial risks
Merging liquidity from both on-chain and off-chain sources, the liquidity hub enhances the buying and selling abilities with out introducing custodial risks.
If the alternate can’t be completed at a better mark than the Automated Market Maker (AMM), the transaction defaults to the AMM contract.
This ensures trades are always completed on the optimum fee with out the deserve to manually pick the liquidity route.
Helping Fenix Finance develop
The deployment on Fenix marks Orbs’ fifth integration with DEXs on Ethereum Virtual Machine (EVM) networks and its debut on Blast, and it follows Fenix Finance’s present $300,000 seed investment spherical led by Orbs.
This funding, along side the new liquidity retort, will attend Fenix catch its aim of offering basically the most capital-atmosphere friendly buying and selling abilities on Blast.
Since the open of the Birth Beta in Might perchance just 2024, Fenix has attracted over 5,000 customers, producing better than $150 million in buying and selling volume.
With Orbs liquidity hub now operational, Fenix is effectively-positioned to set itself because the main protocol for Blast token buying and selling and liquidity provision.
