Yanush Ali | February 8 2021
Yanush Ali | February 8 2021
There’s no doubt about it - we’re on the cusp of mainstream crypto adoption. But while we’re seeing new users and capital enter the space, the landscape is still plagued by fragmentation. There are tens of thousands of tokens spread across hundreds of exchanges with different interfaces, fees, and processes - understandably daunting for newcomers.
As a result, we’re starting to see a rise in liquidity aggregators coming to market, including CEX, DEX, and hybrid solutions. With the risks associated with CEXs and the limited liquidity of DEXs, the latter is where the true value lies - as we’ve known from our inception in 2018.
Orion was born out of the need for an intermediate solution that bridges the gap between the centralized and decentralized worlds of crypto: building on decentralized technologies in the most critical parts of the system like custody and final settlement, while pulling liquidity from the major players in market - centralized exchanges.
As the first (and only) hybrid liquidity aggregator in market, let's take a look at Orion Protocol vs. other aggregators.
Aggregation: Hybrid liquidity aggregator projects are popping up, but are yet to demonstrate their technology. Phase One of Orion Terminal, however, is live - offering decentralized access to centralized liquidity. As is the case with the launch of any new technology, it is limited in comparison to what we will see upon full launch this quarter. In full capacity, Orion Terminal will access every centralized exchange, decentralized exchange, and swap pool in market via Orion Broker network.
Fully decentralized: Other than Orion Terminal, no solution currently offers decentralized access to centralized liquidity. Other aggregators will require accounts and KYC to access the liquidity of centralized exchanges such as Binance. Not your keys, not your coins.
Revenue streams: The main cause of failure in the space is lack of sustainable revenue streams. With 16 revenue streams (and counting), Orion Protocol has substantially more sources of revenue than any aggregator in the market.
Reward share: Every transaction fee on Orion Terminal is shared with brokers and stakers as staking rewards. More revenue streams = more transactions = more rewards.
Fee discount: ORN holders receive up to 20% discount on trading fees when trading on Orion Terminal. No other aggregators have listed fee discounts.
Token utility: With the most developed and expansive ecosystem of all aggregators, the ORN token has unrivaled utility across one protocol, eleven products, and sixteen revenue streams (and counting).
B2B solutions: Orion Protocol exists to ensure the sustainability of the DeFi landscape, developing solutions not only for traders but for exchanges, blockchains, and crypto projects. Orion Protocol is the only solution with developed B2B solutions, including an Oracle, Liquidity Boost Plugin, DEX Kit, and others - each bringing additional revenue streams.
Account needed: Other liquidity aggregators that tap into centralized liquidity require traders to either have an account with the aggregator themselves, or an account with the exchanges they’re partnered with. Orion Terminal allows you to trade directly from your wallet, across exchanges you don’t have accounts with.
KYC required: Unlike other aggregators, there's no need for KYC on Orion Terminal. We are non-custodial with a Decentralized Brokerage and therefore do not hold any funds - KYC is carried out by brokers with exchange accounts on behalf of traders.
Live product: There are hybrid liquidity aggregators in the space claiming to be the first. However, as the only hybrid liquidity aggregator with a live product, we can comfortably keep the title we’ve held since inception in 2018! Gain access here.
There’s a place for all of us in the space - after all, we don’t compete, we complete. Yet for traders wanting to access the entire crypto market in one decentralized platform, there is only one choice: Orion Terminal.