Orbs Liquidity Hub Expands to Fantom and Forms Partnership with SpookySwap
SpookySwap, a decentralized exchange (DEX) that operates on an automated market-making (AMM) system, has recently announced its integration of Orbs’ flagship Layer-3 protocol, Liquidity Hub. This integration, disclosed on June 3 to Finbold, will allow SpookySwap users to access deeper liquidity from various on-chain protocols on Fantom.
By utilizing Orbs’ L3 technology, this upgrade promises significant enhancements to the overall user experience. The integration of Liquidity Hub into SpookySwap marks the first project on Fantom to incorporate this feature, demonstrating the continuous development and collaboration between SpookySwap and Orbs.
The deployment of Liquidity Hub on Fantom is the fifth expansion of Orbs’ Liquidity Hub on an Ethereum Virtual Machine (EVM) chain. This expansion further emphasizes the role of Liquidity Hub in improving the user experience on SpookySwap. The hub supports more efficient pricing, protects against Maximal Extractable Value (MEV), enables gasless trades, and enhances capital efficiency through a streamlined interface.
As a fully decentralized and interoperable protocol, Orbs Liquidity Hub allows DEXs to access liquidity from both on-chain and off-chain sources without any custodial risks or compromises to the decentralized nature of decentralized finance (DeFi). By functioning as an L3 optimization layer above the AMM, Liquidity Hub leverages external liquidity to provide better price quotes, resulting in reduced slippage during trades. These features enable traders to capture more value from each swap without incurring additional costs.
Liquidity Hub utilizes third-party solvers to provide liquidity for swaps, tapping into AMM pools or private solver inventory. Additionally, it facilitates decentralized orders through an application programming interface (API), allowing institutional and professional traders to compete for swaps by submitting bids. If Liquidity Hub cannot execute a trade at a more favorable price than the AMM, the transaction defaults to the AMM contract.
Despite the integration of Liquidity Hub, SpookySwap maintains its familiar interface, ensuring a seamless and intuitive trading experience for its users. This integration aligns with similar deployments on other chains, such as QuickSwap on Polygon PoS, zkEVM, Thena on Binance’s BNB Chain, and IntentX on Base. Ultimately, these integrations consolidate liquidity across multiple chains, further enhancing the trading capabilities and options available to users.
