UnoRe announces a new partnership with Orion Protocol
UnoRe is pleased to announce our strategic partnership with Orion Protocol.
Built on the most advanced liquidity aggregator, Orion Protocol solves some of the prominent issues in DeFi by aggregating the liquidity of every crypto exchange into one decentralized platform.
Orion Protocol’s users as Traders:
Orion Protocol is fundamentally a trading aggregator. Through this integration, UnoRe’s risk trading platform will be accessible via Orion’s trading terminal. Users will now get the opportunity to electronically trade UnoRe’s reinsurance risk pools and its derivatives.
Orion Protocol’s users as Investors:
This partnership will provide additional liquidity to UnoRe’s reinsurance risk pools, while the users investing in our risk pools will achieve higher returns in a safe and stable asset class. Users can now invest in hedged financial instruments where their risk is hedged across multiple insurance protocols.
UnoRe as the Reinsurer:
UnoRe will also provide reinsurance to the insurance protocols used by Orion Protocol. If, in any case, the insurance protocol utilizes all of its liquidity to cover claims requested by the users, UnoRe would come into the picture and take over the additional risk. This partnership will ensure another layer of protection for the users on the platform.
“UnoRe and Orion share a common mission of expanding the existing DeFi networks while breaking down current barriers to financial instruments. Our partnership with Orion Protocol will enable UnoRe to gain access to additional liquidity from the entire crypto trading community. Users will now be able to trade on our Risk trading platform directly from Orion’s trading terminal.”
Sujith Sizon, CTO and Co-founder of UnoRe.
“Collaborating with the world’s first decentralized reinsurance platform is an exciting prospect. We are creating an even greater level of access for Orion’s users to be able to use UnoRe’s risk trading platform via the Orion Terminal. UnoRe are a welcome addition to our growing network of Liquidity Boost Plugin partners looking to drive expansion via endless liquidity.”
Alexey Koloskov, CEO of Orion Protocol.
About UnoRe
UnoRe will be the world’s first decentralized reinsurance platform powered by Polkadot, which will allow the community to invest and trade in ‘risk’ and receive sizable returns on their investments from one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest into the market while also introducing much-needed transparency into the industry as a whole. UnoRe will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the UnoRe ecosystem.
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire crypto market. By aggregating the market into one place, they’re building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.
📰 INFO
https://unore.medium.com/unore-announces-its-partnership-with-orion-protocol-5142f42739d3
