As an analyst with a background in blockchain technology and financial markets, I have closely followed the development of decentralized finance (DeFi) perpetual futures. While these protocols have revolutionized trading by enabling on-chain futures, I share the concerns of industry experts regarding their capital efficiency.
Orbs, a protocol specializing in layer-3 liquidity, recently introduced the Perpetual Hub. This innovation aims to elevate the on-chain futures trading experience for those seeking leverage, in partnership with SYMMIO and IntentX.
Experts in the Defi (Decentralized Finance) sector often employ an order book as a tool to facilitate token exchanges and initiate trading for perpetual futures. However, some industry insiders contend that this approach is not optimally capital-efficient for the $3.4 billion worth of derivatives locked on-chain, as reported by DefiLlama.
Orbs perpetual hub
As a researcher studying the innovative approaches of blockchain technology companies, I’d like to share how Orbs tackles a common challenge by presenting an intent-based Perpetual Hub. This hub is equipped with a complete suite of on-chain solutions: Hedger, Liquidator, and Price Oracle. By implementing these tools, Orbs aims to provide more effective and dynamic responses to complex market conditions.
Using SYMMIO’s interface, Hedger accesses combined liquidity sources, functioning as a partner that can pull funds from external financing channels such as Binance and other major exchanges.
As a market analyst, I can explain that Liquidator is a platform where I have the opportunity to earn rewards by assisting in maintaining margin thresholds for traders. This involves closing underperforming positions on their behalf. On the other hand, Price Oracle functions as a decentralized pricing terminal at my disposal. Through it, I can keep track of the unrealized profits and losses for various trading positions in real-time.
As a crypto investor, I’m excited about the recent announcement by Orbs’ VP of Business Development, Ran Hammer, regarding the launch of the Perpetual Hub. This development opens up new opportunities for me and other blockchain participants who have been eagerly seeking ways to engage in on-chain futures trading. Previously, this interest may have been hindered by certain barriers, but with the arrival of the Perpetual Hub, we now have a key that unlocks the door to this exciting and growing aspect of the crypto market.
Our powerful collaborator @orbs_network has unveiled their latest innovation: the Perpetual Hub. This all-encompassing platform is engineered to propel forward the future of derivative trading on the blockchain, focusing on intent-based transactions. Gradually it builds up, then suddenly takes off.
— SYMMIO (@symm_io) May 30, 2024
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2024-05-30 18:14