finbold.com
Orbs, a Layer 3 blockchain, has announced the launch of its liquidity hub on Fenix Finance, according to the latest updates shared with Finbold on July 4.
The launch aims to enhance liquidity on the Blast decentralized exchange (DEX) and boost capital efficiency for Layer 2 users.
Addressing DeFi liquidity challenges
To address the challenges of fragmented decentralized finance (DeFi) liquidity, Orbs offers reduced transaction fees, protection against Maximal Extractable Value (MEV), and gas-free transactions.
Orbs’ liquidity hub acts as an additional layer atop the DEX, helping aggregate liquidity from various sources to ensure the best possible pricing.
This minimizes slippage and maximizes the value extracted from each trade.
The Liquidity Hub integrates seamlessly with the existing Fenix DEX interface, preserving the familiar user experience for traders.
Trading with no custodial risks
Merging liquidity from both on-chain and off-chain sources, the liquidity hub enhances the trading experience without introducing custodial risks.
If the trade cannot be executed at a better price than the Automated Market Maker (AMM), the transaction defaults to the AMM contract.
This ensures trades are always executed at the optimal rate without the need to manually choose the liquidity route.
Helping Fenix Finance grow
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 recent $300,000 seed investment round led by Orbs.
This funding, along with the new liquidity solution, will help Fenix achieve its goal of offering the most capital-efficient trading experience on Blast.
Since the launch of the Open Beta in May 2024, Fenix has attracted over 5,000 users, generating more than $150 million in trading volume.
With Orbs liquidity hub now operational, Fenix is well-positioned to establish itself as the leading protocol for Blast token trading and liquidity provision.