Orbs Liquidity Hub Launches on Fenix Finance to Transform Blast Liquidity

Tel Aviv, Israel, July 4th, 2024, Chainwire

Layer 3 blockchain Orbs has announced the launch of its liquidity hub on Fenix Finance, aimed at enhancing the available liquidity on the Blast DEX and improving capital efficiency for users of the Layer 2 platform.

The Orbs Liquidity Hub functions as an additional layer atop the Fenix Finance DEX, pulling in extra liquidity sources to provide Fenix users with optimal pricing. This innovation helps to minimize slippage and allows users to maximize the value derived from each trade.

Designed to address the challenge of fragmented DeFi liquidity, Orbs’ solution also contributes to lower transaction fees, offers protection against Maximal Extractable Value (MEV), and enables gas-free transaction executions. The Liquidity Hub seamlessly integrates with the existing Fenix DEX interface, preserving the user experience that traders are already familiar with.

The integration of the Orbs Liquidity Hub into Fenix is significant as it marks the fifth collaboration with decentralized exchanges operating on EVM networks and the first for Blast. By combining liquidity from both on-chain and off-chain sources, the Liquidity Hub enhances the trading experience while avoiding custodial risks.

In instances where the Orbs liquidity layer cannot secure a better price than the automated market maker (AMM), the transaction will revert to the AMM contract and proceed as normal. This feature ensures that trades are executed at the best rate available and eliminates the need for traders to manually choose their preferred liquidity route.

The launch of the Liquidity Hub on Fenix follows a successful $300,000 seed investment round led by Orbs, which will support Fenix’s mission of providing the most capital-efficient trading experience on Blast.

Since the beginning of its Open Beta two months ago, over 5,000 users have started trading on Fenix, generating more than $150 million in trading volume and increasing its market share within the DEX sector. With the deployment of the Orbs Liquidity Hub, Fenix is well-positioned to unveil new products that aim to establish it as a leading protocol for trading and liquidity provision of Blast tokens.

About Orbs

Orbs is a decentralized Layer-3 (L3) blockchain infrastructure designed specifically for advanced on-chain trading. It optimizes trading processes through aggregated liquidity, advanced trading orders, and on-chain derivatives. Orbs enhances the capabilities of both EVM and non-EVM smart contracts without necessitating the transfer of liquidity to a new blockchain. This unique setup functions as a decentralized backend, delivering CeFi-level execution in DeFi trading.

About Fenix Finance

Fenix is a unified trading and liquidity marketplace for Blast. Its advanced decentralized exchange offers a sophisticated and capital-efficient trading environment. Designed for superior user experience and enhanced liquidity, Fenix plays a crucial role in fostering economic growth within the Blast ecosystem.

For inquiries, please contact Ran Hammer at the provided email.

This article was originally published on Chainwire.