Orbs Launches Liquidity Hub on Fenix Finance for Enhanced DeFi Trading
Introduction to Orbs' Liquidity Hub
Orbs has unveiled its innovative Liquidity Hub on Fenix Finance, a strategic move aimed at bolstering liquidity on the Blast decentralized exchange (DEX). This initiative promises to enhance capital efficiency for users operating on Layer 2 (L2) solutions.
Enhancing Liquidity and Reducing Costs
The Orbs Liquidity Hub functions as an additional layer on top of the Fenix Finance DEX, drawing liquidity from multiple sources. This setup ensures users receive optimal pricing, minimizing slippage and maximizing trade value. Notably, Orbs' solution addresses fragmented DeFi liquidity, offers reduced transaction fees, protects against Maximal Extractable Value (MEV), and enables gas-free transactions.
Seamless Integration and Enhanced Trading
Integrated seamlessly with the existing Fenix DEX interface, the Liquidity Hub maintains a familiar user experience while enhancing trading functionalities. Its deployment on Fenix marks Orbs' fifth integration with DEXs on Ethereum Virtual Machine (EVM) networks and the first on Blast, merging both on- and off-chain liquidity for a superior trading experience without custodial risk.
Ensuring Optimal Trade Execution
Orbs guarantees optimal trade execution: if the Liquidity Hub can't secure a better price than the Automated Market Maker (AMM), the transaction defaults to the AMM. This process ensures users consistently receive the best rates without manually selecting liquidity routes.
Fenix's Growth and Future Prospects
Following a successful $300,000 seed investment round led by Orbs, Fenix Finance aims to deliver the most capital-efficient trading experience on Blast. With over 5,000 users and $150M in trading volume since its Open Beta, Fenix is positioned to expand its market share and introduce new products, solidifying its status in Blast token trading and liquidity provision.
About Orbs and Fenix Finance
Orbs is a decentralized Layer-3 blockchain designed for on-chain trading, enhancing both EVM and non-EVM smart contracts with features like aggregated liquidity and advanced trading orders. Fenix Finance is a cutting-edge trading and liquidity marketplace for Blast, focusing on superior user experience and deeper liquidity. Together, they catalyze economic growth and innovation in the DeFi space.
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