Kal Ali | November 13 2020
Kal Ali | November 13 2020
Orion Protocol aggregates the liquidity, order book depth, and price discovery from every centralized and decentralized digital asset market, enabling the creation of the Orion Terminal: the decentralized gateway to the entire digital asset market.
Governing the protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage with Orion's native ORN token at its core. The decentralized brokerage comprises a network of third-party brokers (including BitMax, KuCoin, and MXC) chosen to carry out all transactions on the platform. Orion Protocol’s Private Main Net is currently being rigorously tested with a closed group of brokers for functionality and security optimization, with a focus on testing and optimizing performance, stability, security, and efficiency. With near full-functionality, this milestone is the final phase prior to Orion Terminal’s public launch later this quarter.
Injective Protocol, the first layer-2 decentralized exchange that unlocks the full potential of decentralized derivatives and borderless DeFi, is joining Orion’s Broker Network as the first liquidity provider of decentralized derivatives on Orion’s aggregated book orders. This integration will enable Orion Terminal to offer derivatives for users to trade traditional digital assets, exotics, and other derivatives. Furthermore, Orion Protocol will leverage Injective’s cross-chain and bridge solutions to further improve user experience when trading across distinct layer one protocols.
Injective saw the broker network as an innovative opportunity for revenue and expansion: providing additional revenue through transaction fees while facilitating user growth for both protocols. Additionally, this collaboration enhances Injective’s vision and goal of bringing forth a truly decentralized and scalable derivatives exchange.
“We are really excited to join forces with Injective in our common mission of building decentralized technologies for a more inclusive and free financial system that benefits every internet user. Our collaboration will further accelerate growth for ORN and bring more adoption to our technology stack,” said Alexey Koloskov, Orion Protocol CEO.
“Injective and Orion share a common mission of expanding DeFi networks globally while breaking down current financial barriers. We are excited to partner with Orion as it enables us to expand one of Injective’s core use cases around cross-chain derivatives to new user bases,” said Eric Chen, Injective CEO.
Working together, Injective will provide Orion users access to a decentralized derivatives platform and Orion will improve Injective’s user experience by giving users access to their cross chain derivatives. As the core visions of both Orion and Injective align greatly, Orion and Injective will bring forward a more secure, flexible, and user friendly experience to the rapidly growing DeFi space.
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 digital asset market. In doing so, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.