Alexey Koloskov | May 5 2022
Alexey Koloskov | May 5 2022
Orion Protocol: the DeFi home of Fantom
Orion Protocol, the world’s most advanced liquidity aggregator which combines centralized exchanges, decentralized exchanges, and swap pools, unveils Fantom as the latest chain integration on Orion Terminal.
Since Orion Terminal launched its public Main Net on March 31st 2021, Ethereum and BSC chains have been part of its chain-agnostic approach. Fantom is the first new addition in a long line of other chains to be added, all of which will make Orion Terminal the ultimate platform for trading aggregated crypto assets in one place without any restrictions whatsoever.
The Fantom blockchain is now integrated into Orion Terminal, giving Terminal users and FTM holders unprecedented access from their own wallets to the unparalleled speed, security and reliability of Fantom across aggregated liquidity sources such as SpookySwap, the all-in-one decentralized exchange on Fantom. More Fantom DEXs and liquidity sources will also be added over time.
“We’re thrilled that the Orion Protocol has integrated Fantom. Over 50 centralized and decentralized exchanges list Fantom tokens, including some of the most popular exchanges in all of crypto like SpookySwap. The Orion integration connects many of these different and, in some cases, siloed pools of liquidity in a non-custodial framework that removes friction for users.” - Michael Kong, Fantom CEO
“Adding Fantom to Orion Terminal highlights our intentions of adding the very best blockchains to create an exceptional depth of liquidity and speed on Orion Terminal, making it the true gateway to the digital asset market. We are proud to make Orion Protocol the DeFi home of Fantom.” - Alexey Koloskov, Orion Protocol CEO
Fantom is a blockchain delivering high-speed consensus (Lachesis) and enables digital assets to operate at incredible speed and security compared to other chains. Improvements to the blockchain industry by Fantom aren’t just down to high-speed performance capabilities alone. In addition, modular architecture provides full customization of blockchains for digital assets with varying characteristics.
Implementing Fantom into Orion Terminal instantly gives users its exceptionally high-throughput and fast finality, combined with ultra-low fees. Money transfers on Fantom take around one second and cost less than $0.01 on average; an exciting and practical solution for future growth and scalability on Orion.
Native FTM token
FTM is the token used for network fees on Fantom. The inclusion of the Fantom blockchain within Orion enables users to transact native FTM tokens along with other projects’ tokens at almost instant speed and with top security. Fantom uses a leaderless Proof-of-Stake protocol to secure its network. The impressive Fantom fWallet is used for sending, receiving, and staking FTM tokens. It is available across Windows, Mac, Linux, IOS and Android for user flexibility.
The DeFi home of Fantom
Several decentralized exchanges already use Fantom, with the new centralized exchange “Felix” coming soon. Orion’s natural process of aggregating multiple liquidity sources into one place makes Orion Terminal the single solution to decentralize and combine all of Fantom’s siloed liquidity together - essentially making it the home of DeFi on Fantom.
For Fantom users, significant opportunities arise from Fantom being included in Orion Terminal, as it gives people a wealth of access to aggregated decentralized liquidity. Users not only access Fantom, along with Ethereum and BSC, on the same platform, they also have access to Orion Bridge, the most secure bridge in market. Orion Bridge is the first peer-to-peer atomic swap bridge that allows users to trade native assets across different blockchains without limits, delays, refused orders, blocked funds, or exploits. Accessibility also flows through Orion Swap Widget, giving users the convenience of accessing Orion's liquidity, now including the Fantom chain, from any website.
ORN tokens on Fantom
Orion has minted 500k ORN tokens on the Fantom chain. The FTMScan information can be viewed here.
FTM ORN contract address: 0xD2cDcB6BdEE6f78DE7988a6A60d13F6eF0b576D9
The Fantom chain brings Fantom assets, with seven assets now integrating through the Fantom chain on Orion Terminal, including:
“OpenOrion” continues to enable any individual or project to list an asset on Orion Terminal. This opens up opportunities for the Fantom community when adding their own preferred tokens, creating a vast and growing selection of Fantom-based assets on Orion Terminal. We will be adding this functionality for anyone to add their favorite FTM tokens. Please follow our Orion Protocol news channels to find out when this is implemented.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost just a few cents. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
Orion Protocol is the chain-agnostic protocol building the single point of access to the crypto market - powered by Orion's Universal Liquidity Aggregator. Orion Protocol is the first, and only, platform to provide decentralized access to CEXs, DEXs, and swap pools in one place, directly from users' wallets. As the first cross-chain, cross-exchange trading Terminal in market, Orion Terminal aggregates siloed liquidity into one place.