Revault Network Partners With Orbs Network
Orbs and Revault Network announce a partnership to utilize Orbs Layer-3 (L3) architecture to enhance the Revault protocol.
Revault will utilize Orbs 3.0 capabilities in order to decentralize the operation of its protocol’s components and features which are currently run in a centralized manner.
The Orbs public blockchain infrastructure, powered by its Guardians (a public network of permissionless validators), recently introduced its L3 execution layer concept, which operates in conjunction with EVM-based L1s and L2s, to enhance the security and reliability of DeFi applications.
Revault is a vault aggregator aiming to become the “Google search engine” of DeFi. The Revault engine automatically finds and deposits funds in the best performing vaults in the market at any given time.
Layer-3 Decentralization Using Orbs
Revault network will utilize Orbs 3.0 capabilities to power 3 of its main features, in order to enhance their robustness, reliability and security:
- Auto-Compound
Revault’s auto-compound tool, which currently runs in a centralized manner, enables Revault’s users who are staking their REVA tokens to automatically re-stake their earned REVA in order to increase their APY. - TVL-APR Calculation
$REVA is the native token of the Revault Network. It has several utility functions such as being the governance token of the Revault DAO for voting on different protocol proposals, as well as being eligible for part of the protocol profits. - Auto-Rebalance
The auto-rebalancing feature is planned further down the project’s roadmap and will serve as one of the main features offered by the Revault network.
Orbs: Decentralizing DeFi
Similar to Revault, most of today’s DeFi applications run many of their features in a centralized manner. This is due to the limitations of EVM-based L1 and L2 chains which are not built to provide the proper infrastructure to execute these features in a decentralized way.
Orbs, with its unique hybrid architecture, designed for interoperability with EVM compatible blockchains such as Ethereum, Binance Smart Chain, Polygon and Avalanche, can provide the tools for enriching the capabilities of EVM smart contracts.
ABOUT Revault
Revault is the 4th layer, a vault aggregator and relayer designed to bring you the best performing vaults for your assets in any given time and rebalance that position whenever a new vault takes the lead, or your active vault is compromised. It aims to become the Google search of Defi.
ABOUT Orbs Network
Orbs is a public blockchain infrastructure designed for mass usage applications and close integration with EVM-based L1’s such as Ethereum and Binance SmartChain. Orbs offers the winning blockchain stack, providing the perfect mix of performance, cost, security and ease of use, while harnessing the power of community, decentralization and distribution.
RESOURCES
Orbs Network Announcement
