Orbs reveals the launch of its liquidity hub on Fenix Finance
Orbs, a Layer 3 blockchain, has unveiled the rollout of its liquidity hub on Fenix Finance, as per the latest updates shared with Finbold on July 4.
This launch is aimed at bolstering liquidity on the Blast decentralized exchange (DEX) and enhancing capital efficiency for Layer 2 users.
Tackling DeFi liquidity challenges
To combat the issues stemming from fragmented decentralized finance (DeFi) liquidity, Orbs provides reduced transaction fees, safeguards against Maximal Extractable Value (MEV), and transactions free from gas fees.
Orbs’ liquidity hub functions as an additional layer above the DEX, consolidating liquidity from multiple sources to ensure optimal pricing. This approach minimizes slippage and maximizes trade value.
The Liquidity Hub seamlessly integrates with Fenix DEX’s existing interface, preserving a familiar trading experience for users.
Trading without custody risks
By merging liquidity from both on-chain and off-chain origins, the liquidity hub enriches trading capabilities without introducing custodial risks. If a trade cannot be executed at a better rate than the Automated Market Maker (AMM), it defaults to the AMM contract, guaranteeing optimal execution rates without requiring manual selection of liquidity paths.
Contributing to Fenix Finance’s growth
The deployment on Fenix signifies Orbs’ fifth integration with DEXs on Ethereum Virtual Machine (EVM) networks and its debut on Blast, following Fenix Finance’s recent $300,000 seed investment led by Orbs. This funding, coupled with the new liquidity solution, supports Fenix in delivering the most efficient trading experience on Blast.
Since launching its Open Beta in May 2024, Fenix has attracted over 5,000 users, generating a trading volume exceeding $150 million. With the operational Orbs liquidity hub, Fenix is poised to establish itself as the premier protocol for Blast token trading and liquidity provision.
