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Orbs Liquidity Hub Launches on Ethereum with QuickSwap Integration

source-logo  blockster.com  + 2 more 23 October 2024 19:22, UTC

In an exciting development for the DeFi landscape, Layer 3 Orbs has successfully integrated its Liquidity Hub with QuickSwap, the leading multi-chain decentralized exchange (DEX). This integration is set to revolutionize how liquidity is sourced on Ethereum, enhancing pricing and trading efficiency for users.



Enhancing Ethereum Liquidity

With this new partnership, QuickSwap will utilize Orbs Liquidity Hub to secure 100% of the liquidity required for its DEX operations. By harnessing Orbs technology, QuickSwap aims to provide competitive pricing through a mix of both on-chain and off-chain liquidity. This strategic move is expected to significantly improve the trading experience for users.

The integration was approved through a recent governance vote, showcasing strong community support for QuickSwap's expansion to Ethereum. Orbs Liquidity Hub has established itself as the go-to solution for liquidity aggregation, already being adopted by various DEXs across multiple blockchain networks.

Competitive Trading Solutions

When a trade order is routed through the Liquidity Hub, a network of third-party solvers competes to fill the order using various liquidity sources, including automated market maker (AMM) pools and private inventories. Additionally, the system allows for API access, enabling professional traders to submit bids and optimize trade execution.

The Liquidity Hub's architecture ensures that both on-chain and off-chain solvers are utilized to find the most cost-effective liquidity for traders. Partnerships with platforms like ParaSwap and Odos further enhance this capability, ensuring users get the best prices possible.

QuickSwap has previously integrated Orbs protocols like dTWAP and dLIMIT on the Polygon network. These advanced trading tools enable users to execute dollar-cost averaging (DCA) orders and split large trades into smaller transactions, minimizing price impact. The success of these features has paved the way for the integration of the Liquidity Hub, making it a cornerstone for all Ethereum swaps on QuickSwap.

Aiming for Multi-Chain Dominance

The deployment of Orbs Liquidity Hub aligns with QuickSwap's vision to evolve into a comprehensive multi-chain DEX. By offering superior trading experiences across a variety of Layer 1 and Layer 2 networks, QuickSwap aims to enhance its reputation as a capital-efficient DEX. This integration is expected to attract a broader user base and increase liquidity across the entire multi-chain ecosystem.



About Orbs

Orbs is a decentralized Layer-3 blockchain infrastructure designed specifically for advanced on-chain trading. By optimizing liquidity aggregation and offering advanced trading orders, Orbs empowers both EVM and non-EVM smart contracts without necessitating the migration of liquidity to a new chain. This innovative setup provides a decentralized backend that delivers CeFi-level execution to DeFi trading. Learn more here.

About QuickSwap

QuickSwap was established to tackle the challenges of high gas fees and slow transactions typically associated with decentralized exchanges, particularly on Ethereum. Launched in October 2021, QuickSwap leverages the Layer 2 scaling solutions of the Polygon network, enabling faster and more cost-effective transactions for its users. Explore QuickSwap.

blockster.com

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