TL;DR
- Orbs has integrated its Liquidity Hub into SpookySwap, improving liquidity and trade efficiency on the Fantom blockchain.
- Orbs’ Layer-3 (L3) technology offers better prices, MEV protection, and gasless transactions.
- This integration is part of similar deployments on other chains, consolidating liquidity across multiple networks and ensuring the security of user funds.
Orbs has announced the integration of its advanced Liquidity Hub protocol into SpookySwap, a decentralized exchange (DEX) on the Fantom blockchain. The news was revealed on June 3 and marks the fifth expansion of Liquidity Hub on an Ethereum Virtual Machine (EVM) compatible chain.
With the incorporation of Orbs’ Liquidity Hub, SpookySwap users will now be able to access deeper liquidity from various on-chain protocols on Fantom. This development, powered by Orbs’ Layer-3 (L3) technology, promises significant improvements in user experience, including more efficient pricing and protection against Maximal Extractable Value (MEV), as well as enabling gasless transactions and greater capital efficiency through an optimized interface.
Liquidity Hub goes live on @SpookySwap! 🎉
Continuing to build with frens old and new, Spooky becomes the first project on @FantomFDN to integrate Liquidity Hub 🌐🤝🐈⬛
🪄 Learn more: https://t.co/vs9DtjqRzs pic.twitter.com/TF3ckQM8JR
— Orbs (@orbs_network) June 2, 2024
The Orbs protocol operates as an optimization layer over automated market maker (AMM) mechanisms, leveraging external liquidity to offer better price quotes and reduce slippage in transactions. This functionality allows traders to obtain more value from each trade at no additional cost, while maintaining security, privacy, and decentralization.
In addition to enhancing efficiency and fluidity on SpookySwap, if the Liquidity Hub cannot execute a trade at a more favorable price than the AMM, the transaction will revert to the original AMM contract, always ensuring the best possible price for the user.
SpookySwap Joins Orbs’ List of Allies
The Orbs protocol uses external solvers to provide liquidity, tapping into both AMM pools and the private inventory of these solvers. Additionally, it enables decentralized orders through an API, allowing institutional and professional traders to compete by submitting bids.
It is important to note that this new integration is part of a series of similar deployments on other chains, such as QuickSwap on Polygon PoS and zkEVM, Thena on Binance BNB Chain, and IntentX on Base, consolidating liquidity across multiple networks. This approach ensures that DEXs can access liquidity from both on-chain and off-chain sources without compromising the security of user funds.
Orbs and SpookySwap reinforce their commitment to the evolution of the DeFi ecosystem, providing users with a more efficient and secure trading experience while maintaining the integrity and decentralization of exchange platforms
