Orion Announces Main Net Pre-Staking via Orion AMM on Orion Terminal

TLDR: 

• Orion will now consolidate all of its staking initiatives onto Orion Terminal in a decentralized manner via Orion Pool, while increasing rewards for stakers. 
• Two staking options will be enabled: Liquidity Providers (multi-asset staking) and Governance Stakers (simple staking). 
• This liquidity will create Orion Pool: Orion’s AMM solution integrated directly into the current swap interface to create a seamless experience for the end user.
• Orion plans to grow its pools significantly - third party projects will be able to self list their token on Orion Pool paired with ORN. This will enable liquidity for new assets and pairs to be added to the terminal - increasing assets and pairs exponentially.
• Orion Pool and Main Net Pre-Staking will be live next month.

Orion Protocol has prioritized rewarding ORN holders since TGE last June - immediately launching pre-staking with our partners AscendEX and KuCoin. Since then, we’ve seen an ATH TVL of 70%, with millions of ORN staked and lucrative rewards being paid out. In November, we launched our Liquidity Mining Program as a decentralized alternative to our CEX staking, with 150,000 ORN in rewards per month.

While we continue to increase Daily Protocol Volume ahead of Main Net Staking, we’ve listened to our community and understand their desire for decentralized staking on the Terminal. We’re combining two existing forms of pre-staking in the form of ‘Main Net Pre-Staking’ on Orion Terminal. ORN token holders will be able enjoy staking rewards, governance, and added utility directly from the Terminal, without losing custody of their ORN. 

This liquidity will create Orion Pool: Orion’s AMM solution integrated directly into the current swap interface to create a seamless experience for the end user. As usual, Orion will route all swap orders to the liquidity source with the best possible price. Whether it’s an external DEX, CEX, or internal within Orion Pool - users will experience the most profitable rate for their swap from one interface.

How will this work?

Orion’s Liquidity Mining Program on Uniswap will migrate to Orion Terminal upon the launch of Orion Pool, boasting higher rewards compared to the Liquidity Mining rewards that are currently on Uniswap. Liquidity Providers on the Terminal will receive Liquidity Mining rewards spread between the multiple ORN pools. Alongside liquidity providers, we will be adding Governance Stakers to our Main Net Pre-Staking to ‘vote’ on the pool to receive rewards..

• Initially, Orion Pool will launch four ORN pools: ORN/ETH, ORN/USDT, ORN/BTC, and ORN/BNB.
• Orion Pool will be compatible with ETH and BSC, allowing flexible and profitable participation in the liquidity pool for LPs and traders alike.
• Orion Pool’s interface will be fully integrated into the Terminal. This allows LPs and traders to benefit from a single UI for swapping, adding/removing liquidity, staking, and governance voting.
• Orion Pool fees will be 0.3%, with ⅔ going towards LPs, and ⅓ going towards ORN Governance Stakers.
• The interface will also include a dashboard for LPs to add/remove liquidity, along with ORN Governance Stakers to vote for specific pools and future assets on the Terminal.

There are two forms of staking in Orion’s Main Net Pre-Staking:

• Multi-Asset Staking: Liquidity Providers

Orion’s Liquidity Mining Program on Uniswap will migrate to Orion Terminal, boasting higher rewards compared to the Liquidity Mining rewards that are currently on Uniswap. LPs on the Terminal will receive Liquidity Mining rewards, which will be spread between the multiple ORN pools. 

As per typical liquidity mining programs, Liquidity Providers will provide 50:50 ORN and the matched asset. Liquidity providers for Orion Pool will benefit from multiple sources of income: swap fees from the AMM pool, farming rewards via Orion’s Liquidity Mining program, and ORN staking rewards generated from all of Orion’s products.

• Simple Staking: Governance Stakers

Orion’s CEX Pre-Staking on centralized exchanges will migrate to Orion Terminal, creating a simple and decentralized way for ORN holders to earn staking rewards. These rewards will be a higher APR than the current rates available on CEXs.

ORN Governance Stakers will be able to vote towards a specific ORN pool. Liquidity Mining rewards will be spread between each pool according to the amount of votes they have. This allows ORN holders to dictate the rate of rewards each pool will receive. ORN Governance Stakers will receive ⅓ of all the swap fee revenue that Orion Pool generates, in addition to the regular staking rewards that are allocated to Governance Stakers. 

In addition to voting for Liquidity Mining reward share, ORN Governance Stakers will also be able to use their staked ORN to vote for future assets on Orion Terminal.

Going Forward

Initially, Orion Pool will launch with four ORN pools including ORN/ETH, ORN/USDT, ORN/BTC, and ORN/BNB. We plan to grow our pools significantly - third party projects will be able to self list their token on Orion Pool paired with ORN.

Instead of needing to build out their own custom LM Program, projects will be able to immediately leverage the built in LM Program that is integrated into Orion Pool. 

Furthermore, they will be more inclined to list their token on Orion Pool over Uniswap in order to access Orion’s whitelabeled Liquidity Mining Program. This will enable liquidity for new assets and pairs to be added to the terminal - increasing assets and pairs exponentially.