Timothea Horwell | April 12 2021
Timothea Horwell | April 12 2021
Fantom becomes pilot partner for Orion Wallet Swap SDK, enabling users access to Orion liquidity directly from their wallet
Orion Protocol announces that Fantom Foundation has become the pilot partner for Orion Wallet Swap SDK, enabling users access to endless cross-chain liquidity directly from their Fantom wallet. Meanwhile, chain-agnostic Orion will integrate the Fantom blockchain into the protocol for near instant transactions and extremely low fees.
The digital asset market is incredibly fragmented, with different asset types across different exchanges on different blockchains. Orion seeks to solve the fragmentation of crypto markets, NFTs marketplaces, and assets from traditional finance by eventually aggregating them into one place: Orion Terminal. Built on the most advanced liquidity aggregator ever developed, Orion Protocol is building the non-custodial gateway to the entire digital asset market - aggregating liquidity across DEXs, CEXs, and swap pools in one, decentralized platform.
Furthermore, Orion is developing a number of enterprise liquidity solutions on the protocol, including Orion Wallet Swap SDK. With traders increasingly storing their assets in wallets, why not remove any friction and allow decentralized trading of assets directly from users' wallet of choice? Orion Wallet Swap SDK allows users of third party crypto wallets the ability to access Orion’s liquidity via a swap widget directly integrated within the wallet’s interface. Wallet users will be able to swap crypto without leaving their wallet of choice, using liquidity of exchanges without the need for any exchange accounts and allowing for the least slippage of any solution in the market.
Fantom is a fast, scalable, and secure layer-1 platform built on a permissionless aBFT consensus protocol. The speed (1-2 seconds finality), low transaction costs ($0.0001), and high throughput make Fantom ideal for DeFi applications and real-world uses. Many Ethereum protocols are porting over to Fantom to create a seamless cross-chain ecosystem. These include Sushiswap, Yearn, Curve, C.R.E.A.M., Keep3rV1, Cover, Frax, and others. Fantom’s impressive team includes Andre Cronje as Chair of the Technology Council, one of the main contributors, advisors and commentators for Fantom’s DeFi platform.
Integrating Orion Wallet Swap SDK into Fantom Finance, Fantom’s all-in-one DeFi suite, will allow users to trade directly from their wallet:
Orion Protocol is chain-agnostic, and doesn’t rely on any one platform to bring users centralized and decentralized liquidity directly to their wallet. By integrating multiple blockchains in one platform, Orion Protocol gives users more freedom to transact across the crypto sphere. In addition to becoming the pilot partner for Orion Wallet Swap SDK, the Fantom blockchain is the latest chain to be integrated into the protocol - with more chains to be announced.
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps, while Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability. Integrating Fantom into the protocol enables almost instant transfers and extremely low fees:
Alexey Koloskov, CEO + Co-Founder of Orion Protocol, said: “Integrating the Fantom blockchain into Orion Protocol is a huge step forward for us towards achieving a truly chain-agnostic gateway to the entire digital asset market. Meanwhile, we’re incredibly excited for Fantom to become the pilot partner for our Wallet Swap SDK, enabling Fantom users access to the crypto market from the comfort of their wallet.”
Michael Kong, CEO of Fantom, said: ''A collaboration between Orion and Fantom is one of the most sensible ways to improve the user experience across the ecosystem. We believe that the logical step for every ecosystem that grows to size is to use aggregators; these tools allow builders to focus on their niche while aggregators service the mainstream user.''
Fantom’s integration into Orion Protocol is expected to be live in Q3, bringing further scalability, greater interoperability, and more freedom for traders to transact in their preferred method. Furthermore, the Orion and Fantom teams are working on deeper collaboration to be announced imminently.
This follows recent partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, YOP, Vortex DeFi, DuckDAO, DAOMaker, Polkamarkets, Poolz, COTI, and more - bringing even more volume and transactions to the Orion network. Each of Orion’s partners have one thing in common: the need for liquidity in order for their project to become sustainable. Clients are hand picked and fully vetted as top quality partners focused on user base growth as a key metric of success. Every transaction on partner platforms using Orion liquidity will result in a transaction on the Protocol met with regular fees, adding to Daily Protocol Volume. ORN staking rewards are generated via transactions on the protocol, and will therefore increase through B2B partnerships.