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Revault Network has announced that it has successfully integrated Orbs’ layer-3 technology into its platform to promote interoperability, and decentralization, while also offering its users a better DeFi experience. Revault says Orbs will help power three of its key features: auto-compound, TVL-APR calculation, and auto-rebalance.
Revault Network Taps Orbs Layer-3 Solution
Revault Network, a blockchain protocol that is aiming to be the ‘Google’ for DeFi vaults by enabling users to automatically find and deposit funds in the best performing vaults in the crypto market at any given time, has adopted and integrated Orbs layer-3 technology into its network.
For the uninitiated, Orbs is a proof-of-stake (PoS) based public blockchain infrastructure designed for mass usage applications.
Revault Network is the first DeFi protocol to tap into Orbs layer-3 technology and the team has made it clear that the latter will power three of its key features: auto-compound, total value locked, and annual percentage ratio (TVL-APR) calculation, and auto-rebalance.
“Revault aims to maximize APY by becoming the ‘Google search for DeFi vaults.’ Under the hood, its engine automatically locates the best-performing vaults and deposits funds into these solutions. Revault continuously indexes every vault in the DeFi landscape to provide optimal returns for all assets. Should a better vault be identified, users can relocate their assets with one click after receiving a notification. DeFi introduces numerous opportunities to let users optimize their APY, and Revault helps automate and streamline this process.” declared Revault.
Fostering Decentralization
Notably, the Revault team has hinted that integrating Orbs layer-3 solution into its operations will help counteract a few centralized features still present in the Revault network, as Orbs’ hybrid architecture survives where EVM-based layer1 and layer-2 chains fail, in terms of interoperability and decentralization.
The Ethereum Virtual Machine (EVM) compatible nature of Orbs layer-3 makes it interoperable with Ethereum and several others blockchains, including Polygon, BNB Chain, and Avalanche.
That’s not all, Orbs also provides the necessary infrastructure to enhance EVM smart contracts and their capabilities without compromising decentralization.
“Furthermore, Orbs’s Layer-3 initiative offers value to the broader DeFi ecosystem. Numerous ‘L3 applications’ have sprung up, including the Open DeFi Notification Protocol. That protocol provides DeFi users with decentralized and free mobile notifications for any on-chain event they want to be subscribed to, including supply changes, large transactions, and more,” the team explains.
Orbs come with unique features designed for interoperability with EVM-supported chains, alongside its decentralized network of nodes, which makes it possible for users to set it up as a separate execution layer (L3) that further enhances the capabilities of EVM smart contracts.
Orbs Layer-3 functions in collaboration with other layer-1 and layer-2 networks as part of a tiered blockchain stack, to open up a whole new spectrum of possibilities for DeFi, NFT, Metaverse, and GameFi.
DeFi is actively disrupting the financial markets and bringing financial freedom to the people. However, navigating the space remains a herculean task for many, as thousands of smart contracts are being deployed on dozens of different blockchains almost on a daily basis.
Revault is aiming to demystify DeFi by functioning as the Google search engine of the ecosystem and becoming the world’s gateway into the future of the economy.