Orion Protocol Virtual Order Books
Orion Protocol deploys Orion Virtual Order Books (VOBs) to Orion Terminal, thereby combining the power of complex swaps with classical order books.
The addition of VOBs dramatically enhances the Terminal’s ability to aggregate CEXs, DEXs and swap pools with an exceptional level of efficiency.
Orion Terminal aggregates liquidity from various centralized and decentralized sources, providing users with an unmatched experience in terms of decentralized trading from their own wallet. VOBs take this concept to another level of performance.
Up to now, the calculations required to combine multiple orders into one (i.e. “complex swaps”) process “on the fly” when a user requests to complete a swap. Complex swap calculations automatically perform continuously, and at near instant speeds, in order to create “virtual order books” which are then combined with Orion’s other aggregated order books. Traders’ orders execute on Orion’s order books, augmented by VOBs.
ABOUT Orion Protocol
Orion Protocol is building the decentralized gateway to the digital asset market. The layer 2 solution enables users access to deep, cross-chain liquidity in one place – across DEXs, CEXs, and swap pools – providing access to the best price in the market without the need to ever give up their assets. Orion seeks to solve the fragmentation of crypto markets, NFTs marketplaces, and assets from traditional finance by eventually aggregating them into one place: Orion Terminal.
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