CEX liquidity + DEX functionality.
Depositless Trading on Orion Terminal is here.

Our Depositless Trading Competition has now closed! A big thank you to all who took part in celebrating the launch of depositless trading on Orion Terminal. Winning wallets can be found below at the bottom of the blog. TRADE DEPOSITLESS NOW.

Due to the complexity of the Orion Protocol infrastructure, built on a network of decentralized brokers to enable decentralized access to centralized liquidity for the first time, depositing into the trading smart contract was previously required in order to trade on Orion Terminal.

The release of depositless trading enables users to trade across all connected exchanges on Orion Terminal without depositing into the smart contract, and marks a huge step forward for us and our community. The option to deposit into the smart contract still remains ahead of a number of upcoming features that will utilize the trading smart contract and bolster TVL, including Orion Bridge, Orion Lending, and more.

Reduced steps = reduced fees: akin to leading swaps, depositless trading wraps the deposit functionality into the trade for a more seamless trading experience. Orion Terminal already provides users with the best price across multiple exchanges. The implementation reduces network fees on Orion Terminal across both ETH and BSC networks, ahead of upcoming chain integrations and Orion Bridge.

Trade like a CEX, on a DEX: for the first time, trade with the liquidity and features of a centralized exchange (including setting limit orders), but with the depositless functionality of trading across leading swaps - directly from your wallet. Global access to CEX liquidity, no accounts, no KYC, and no smart contract deposits. 

• Limit orders via depositless trading are made possible via updates to Orion’s Smart Contracts to enable interaction via signature requests. ‘Placing’ or ‘removing’ limit orders costs zero gas fees - gas fees will be charged only on execution. 
• If a limit order is filled and the settlement by the broker is immediate, your receiving assets will be credited to your wallet. Otherwise, your receiving assets will be credited to your contract balance and available for withdrawal after broker’s final settlement.
• If trading an asset that you have not previously deposited into the smart contract, this will be credited within your wallet. If you hold an existing asset within the Terminal smart contract, new funds will be credited to your contract balance. Settlement can be immediate for liquid tokens, or can occasionally last up to 3 hours for more illiquid tokens.

This release marks one of several upcoming critical efforts to streamline trading on Orion Terminal, including: 

• FIAT onramp: enabling users to purchase crypto with fiat directly on Orion Terminal
• A ‘single network view’: enabling users to view assets across multiple chains in one view
• Orion Bridge: the first truly decentralized bridge between different blockchains, working completely on peer-to-peer communication and atomic swaps between our decentralized network of brokers

Depositless Trading Competition Winners!

Congratulations to the winners of our Depositless Trading competition. The winning wallets are detailed below.

Additional information:
- Prizes are being sent out in the coming days.
- NFT winners will be airdropped when the new NFTs are minted and dropped with the rebrand.
- The new ‘Gate 2’ NFTs will enable access to the VIP group with senior personnel of the Orion Protocol team. Holders will gain access to developments ahead of public release. These will be minted and airdropped with the upcoming rebrand. Winners can gain access to the VIP group in the meantime.


IMPORTANT:  If your wallet address is listed, especially if you are merchandise and NFT winners, please make sure you entered your email address along with your wallet address to the form below so we can co-ordinate distribution.

Winners of $500 ORN + NFT:

0xc58265cd5358fd2729b3c42db21710c4d7203b5e
0xd1c84c57b0301f36c78869d72eace6459a1464ff
0xbc9d509f97d87b8f7fade11c3a879db0568c1223
0x7fd86d28b09f3fbfad82674729d96d65f4aa0cd5
0x3fd689c712c8ae1f076fe1d8e624183903aa55ca


Winners of $500 ORN + Orion Hoodie / t-shirt

0x200c8695c4e6c50a5ecbf56e7419b42c807f79c1
0x0b94bb1f5136c52477b4696e96c4fef7e77633ae
0x028db8e94e0836bdaeba5b743e0d400a3f9e90df


Winners of $250 ORN + Orion Hoodie / t-shirt

0x3d7501904006a10239b916b2defeb00b50d83b5e
0xcded18d07cab6c7e14f32ae275caf126924a0482
0x0b774a220a09cf70f9a16235531a91f8324ffd89
0xfe38ff0ab5473950bfc520c962aa272409c83fe5
0x15f4c3a57c939e303f9ed439a369dbcc838466b9
0x379df15057b8eccb36e5a9b2037d1c5bba6df0b9
0x815612815d7fb01b1e8a97fe4a0996e77245a3aa
0xb6c0594ba26a7fa89b4d3d2aabba0e3258937676
0x28791672fca283d8d9be77cf68845c821d8d803b
0xac3a054e0e19f3bc9ad5e6a56fe29a9fe0e1cc06
0xb617ccba86e3bacdf9dc8518a548472255e14331
0x0fd520f8f90d4842663951655ed909826fc9e908
0xa5c7b8811aefa3bb14d406f7d4665a4041f1f7d7
0x0471b8ce62719ebf66e0dda51cdace160d81fb31
0xa44e77249fc4f5db5a9c14b7f5134cba812cfb71
0x41c8730c4a8a07d523e25f80c9b477337e16fa9c


Winners of $100 ORN

0x84bec6cfa7b366490c190d8d1f9540ec7d81e0b1
0xeab06dba4500c75d41b44e14cc21069eb53a3b16
0x62e5c0b42576379810d607919963af3c0b4b3c7c
0x7a0d8255bd8740b46914e66d1f0ecc38b1d13fa3
0x73803d7a0747a724e07428972de12aef0236360e
0x6128e64b0c3ecdddfd5389ad63bb8a5228d5e7a2
0xd0d28f1174876f93fe19806d7decd8d7d1df8da1
0x4b365b1d29302bf2e0d1d1b674fe449a2dc6a2be
0x64198136d0f79dcd5be10fe8520739e4e806fea3
0xa8b941c709fdbc5ea9d2886158044e2b7f068ddb
0x683236dbd991d54c5c861111ebeb6adc6aadb0b4
0xd78207e400fe9edf1e4df5fd2689b55cec260e99
0xaded9b79e437c0a8305ee5c58900fbcec2a53b72
0xd92c93cfdb583fa46f74ae26a88788141a0f35ca
0xeeff52bdc62f74626015e813499550019f39f72d
0x811a89b2950e54f5cbc26cd28eb603413cbb7537
0x7ac0ba405b7cb03fbd6cfa7ca7f0ae43419cdd18
0x5982f534eff5f8ffd9668309a7c4f9a14570888a
0xb6e035057ae343f07a5e317ced3c2a46429deb60
0x7294cce2291768c81012dc3d04889cfe921b85b5