Thena Joins Orbs Liquidity Hub

Published on: 19.12.2023
Thena Joins Orbs Liquidity Hub

Thena joins Orbs Liquidity Hub. As a result, THENA’s traders will now have access to additional liquidity on the BNB Chain network, which wasn’t previously able to be tapped via the standard AMM. 

Liquidity Hub, powered by Orbs’ L3 technology, offers a range of benefits, including lower fees, MEV protection, gasless transactions, increased capital efficiency, simplified UI, and more. This innovative integration, which merges both on-chain and off-chain sources of liquidity to a DEX, is the second of its kind for Liquidity Hub by Orbs. It is also one of the few in the DeFi space to do so.

Introducing Liquidity Hub: The Decentralized DeFi Protocol by Orbs Project

Orbs Project has developed a fully decentralized, permissionless, and composable DeFi protocol known as Liquidity Hub, which is powered by the Orbs Network. THENA’s traders can now access BNB Chain’s entire liquidity without incurring any additional costs.

Orbs: The Decentralized Protocol for Web 3.0, DeFi, NFTs, and GameFi

Orbs is a decentralized protocol that leverages a public network of permissionless validators using PoS and boasts tens of millions of dollars in TVL. The platform pioneers the concept of L3 infrastructure by utilizing the Orbs decentralized network to augment the capabilities of existing EVM smart contracts, paving the way for an array of novel applications in Web 3.0, DeFi, NFTs, and GameFi.

Understanding Liquidity Hub: A Brief Overview

Liquidity Hub is an innovative layer 3 (L3) infrastructure software that improves upon the automated market maker (AMM) model. By integrating external liquidity, this technology generates better price quotes and reduces price impact for its users.

Rather than relying solely on the DEX’s liquidity pools, Liquidity Hub improves the process by incorporating supplementary sources of liquidity.

  1. On-chain solver auction: Third-party solvers who compete to fill swaps using on-chain liquidity like AMM pools or their private inventory.

  2. Decentralized orders via API: Decentralized orders are accessible using API, enabling institutional/professional traders, such as market makers, to submit bids and compete to fill swaps.

How Liquidity Hub Operates

Liquidity Hub is a platform that enables DEXs to attempt trade execution without going through the AMM and facing price fluctuations. If Liquidity Hub fails to execute the trade at a more favorable price than the AMM, the transaction will return to the AMM contract and follow the standard execution.

Therefore, Liquidity Hub can only improve a trader’s experience. If Liquidity Hub isn’t competitive, meaning it would only execute at a worse price for the user or can’t execute at all, the swap will be routed through the AMM contract directly as usual.

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