Orbs Partners with IntentX to Drive On-Chain Derivatives Innovation
Orbs, a Layer-3 public blockchain infrastructure project, has announced a strategic partnership with IntentX, a prominent over-the-counter (OTC) marketplace and trading terminal. This collaboration demonstrates Orbs’ commitment to establishing itself as a major player in the rapidly expanding realm of on-chain derivatives. The partnership aims to leverage Orbs’ advanced Layer-3 technology to explore various use cases for on-chain derivatives.
Understanding the Orbs-IntentX Partnership
- Integration of Orbs’ RFQ protocol, Liquidity Hub, into IntentX for RFQ spot trading
- Expansion of IntentX’s spot trading capabilities across Base and Arbitrum blockchains through Liquidity Hub
This partnership follows Orbs’ collaboration with SYMMIO, highlighting its multiple on-chain derivatives use cases. By teaming up with IntentX, Orbs solidifies its role as a leader in on-chain RFQ trading innovation. The goal is to streamline the on-chain derivatives market and provide enhanced value compared to traditional DEX-AMMs.
“By teaming up with first SYMMIO and then IntentX, Orbs is solidifying its role as a leader in on-chain RFQ trading innovation. As well as integrating our decentralized optimization layer Liquidity Hub into IntentX’s front end for RFQ-based spot trading, we will enhance SYMMIO’s contracts using our L3 technology. We hope this proves to be a shot in the arm for the on-chain derivatives space, and we cannot wait to hear what users think.”
Ran Hammer, VP of Business Development at Orbs
Streamlining the On-Chain Derivatives Market
The partnership between Orbs, IntentX, and SYMMIO aims to create a more streamlined, transparent, and accessible on-chain derivatives market. Key points include:
- Liquidity Hub facilitating significant trade volume on Quickswap and Thena
- IntentX serving as a robust OTC derivatives exchange with SYMMIO’s intent-based (RFQ) core contracts for trade settlement
- SYMMIO enhancing product offerings and user experience, supporting over 180 tradable markets and offering up to 60x leverage
Hot Take: Driving Innovation in On-Chain Derivatives
The partnership between Orbs and IntentX is set to drive innovation in the on-chain derivatives space. By leveraging Orbs’ advanced technology and integrating Liquidity Hub into IntentX’s platform, the collaboration aims to provide enhanced trading capabilities and user experiences. This strategic alliance paves the way for a more streamlined and accessible on-chain derivatives market, offering traders new opportunities for value creation. With their combined expertise, Orbs and IntentX are poised to make a significant impact on the future of on-chain derivatives.
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