Tel Aviv, Israel, October 23rd, 2024,
Chainwire
Layer 3 Orbs has announced that its Liquidity Hub has been
integrated by QuickSwap, the leading multi-chain DEX. The
integration will aggregate Ethereum liquidity using Orbs technology
to enhance pricing on QuickSwap.
To support its expansion to Ethereum, QuickSwap will be using
Orbs Liquidity Hub to source 100% of the liquidity its DEX
procures. This will enable QuickSwap to provide competitive pricing
using a combination of on- and off-chain liquidity sourced by
Orbs.
QuickSwap’s decision to expand to Ethereum and leverage Orbs
technology was ratified following a governance vote which
overwhelmingly approved the move. Orbs Liquidity Hub has become the
gold standard for liquidity aggregation, having been integrated by
multiple DEXs operating on various chains.
When a DEX order is routed through Liquidity Hub, third-party
solvers compete to fill the order using onchain liquidity such as
AMM pools or their own private inventory. Orders are also
accessible using API, enabling professional traders such as market
makers to submit bids and compete to fill swaps.
The Liquidity Hub achieves this by utilizing a network of
solvers, both on-chain and off-chain, that compete to find the most
cost-effective liquidity for traders. This includes integrations
with platforms like ParaSwap, Odos, and more.
QuickSwap has previously integrated dTWAP and dLIMIT on Polygon,
two flagship Orbs protocols for advanced trading orders. These
allow DEX traders to place DCA orders and to split large trades
into smaller orders to minimize price impact. The success of these
products has supported QuickSwap’s decision to integrate Liquidity
Hub for handling all Ethereum swaps.
The integration of Orbs Liquidity Hub will support QuickSwap in
its goal to become a multi-chain DEX providing superior trading
experiences on a broad range of L1 and L2 networks. This will allow
QuickSwap to bolster its reputation as the most capital-efficient
DEX while growing its user base and enhancing the liquidity
available to users across the multi-chain landscape.
About Orbs
Orbs is a decentralized Layer-3 (L3) blockchain infrastructure
designed specifically for advanced on-chain trading. Orbs optimizes
trading with aggregated liquidity, advanced trading orders, and
on-chain derivatives. Orbs enhances the capabilities of both EVM
and non-EVM smart contracts without moving liquidity onto a new
chain. This one-of-a-kind setup acts as a decentralized backend
that brings CeFi-level execution to DeFi trading.
Learn more: https://www.orbs.com/
About QuickSwap
QuickSwap was designed to address the issues of high gas fees
and slow transactions found in other decentralized exchanges,
especially on Ethereum. Launched in October 2021, QuickSwap
leverages the Polygon network’s Layer 2 scaling solutions to offer
users faster and cheaper transactions.
https://quickswap.exchange/
Contact
Ran
Hammer
hello@orbs.com