Kal Ali | January 11 2021
Kal Ali | January 11 2021
Orion Protocol announces Fire Protocol as the fourth partner to use Orion Liquidity Boost Plugin, enriching FireSwap with bottomless cross-exchange liquidity for reduced slippage and optimum pricing on the platform. This follows partnerships with Polkastarter, MobiePay, and PlasmaPay.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol will aggregate the liquidity of every crypto exchange into one decentralized platform: providing a decentralized gateway to the entire market with almost zero spread and zero slippage. Its enterprise solutions for crypto projects, blockchains, and exchanges built on the protocol include Orion Liquidity Boost Plugin: bringing endless liquidity to exchanges immediately, from every CEX, DEX, and swap pool in the market.
Fire Protocol is the first infrastructure project built on Huobi Eco Chain, the first batch member of developers invited to test HECO (an Ethereum compatible Public Chain for Blockchain Developers). Its native DEX FireSwap provides fast and secure trading services to all Huobi Eco Chain assets, and its cross-chain wrapping solutions will bring non-Huobi Chain assets into the Huobi Ecosystem from various chains, including Ethereum, Tron, and Polkadot. Also integrated into its DEX is its Fire Protocol Loan Platform, allowing Liquidity Providers’ assets to serve as borrowing/lending collateral.
Upon the launch of Orion’s Liquidity Boost Plugin in Q4 this year, Orion will enrich FireSwap with bottomless cross-exchange liquidity, drastically reducing spread and slippage on the platform while enabling the best price in the market for its traders. Orion Protocol will add liquidity into multiple Fire Protocol solutions, including FireSwap DEX and Fire Protocol Loan platform, aiding the liquidity performance of H-assets. Meanwhile, Orion Protocol will be expanding its use cases to the HECO ecosystem.
Danny Christ, CEO of Fire Protocol: “Orion Protocol has been a fundamental part in making DEFI and DEX trading more accessible to everyone via their Orion Terminal. FireSwap - Fire Protocol's decentralized exchange - is looking forward to leveraging Orion Protocol’s expertise and liquidity aggregation to enable best experience for Fireswap users and LPs.”
Alexey Kolsokov, CEO of Orion Protocol: “We’re extremely pleased to announce Fire Protocol will be utilizing our Liquidity Boost Plugin to enrich their DEX with bottomless liquidity. We’re focused on creating a sustainable future of DeFi, and that means supporting the industry as a whole. We're glad to play a part in facilitating FireSwap’s growth.”
About Fire Protocol
Fire Protocol is the first infrastructure to Huobi (Smart) Eco Chain (HECO), the first batch member of developers invited to test HECO (an Ethereum compatible Public Chain for Blockchain Developers).
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire crypto market. By aggregating the market into one place, they’re building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.