Timothea Horwell | July 29 2020
Timothea Horwell | July 29 2020
Orion Protocol is the DeFi platform building B2B and B2C solutions on the most advanced liquidity aggregator ever developed. The 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, and an array of industry-critical solutions for consumers and businesses.
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 of a network of third-party brokers chosen to carry out all transactions on the platform. Brokers run Orion Broker Software, automatically executing trades routed from Orion's liquidity aggregator, and are chosen to execute trades based on how much ORN they stake. Learn more about this here.
KuCoin, one of the most popular crypto exchanges with over 5 million registered users, saw the broker network as an innovative and lucrative opportunity for both revenue and expansion. Wanting to capitalize on this opportunity, KuCoin has joined as a founding broker: providing additional revenue through transaction fees while offering a decentralized solution to their centralized order books. The exchange will monetize idle assets while serving as a premier liquidity provider for Orion.
KuCoin will enrich the Orion ecosystem with increased liquidity for spot and margin trading, leveraged ETF and contract trading services, as well bringing as a large and hugely valuable community for PoS staking services. This partnership is mutually beneficial: joining as a broker will enable KuCoin to monetize idle assets and offer a decentralized solution to their centralized orderbooks. This partnership aims to address their common goal of bridging the gap between traditional finance and DeFi.
"Orion Protocol brings us hope for a more connected future, acting as the connector between centralized exchanges and the DeFi community, where they allow CEX to transcend into the DeFi space seamlessly, or without any additional effort or additional costs to us." Johnny Lyu, CEO of KuCoin
KuCoin started in September 2017 and is now one of the most popular crypto exchanges, with over 5 million registered users from 200+ countries and regions. KuCoin is known for a wide range of tradable digital assets. They have over 200 tokens with about 450 trading pairs. Also, KuCoin is favored by many users as they offer a number of crypto-related financial services: fiat-to-crypto, crypto-to-crypto, futures, staking, lending, token sale and so forth. At KuCoin, they believe in the future of crypto, and the ultimate goal is to drive the mass adoption of crypto and blockchain technology.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform. Governing the protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage with the ORN token at its core. This underpins each industry-critical solution built on the protocol, including the flagship product Orion Terminal: aggregating all major exchange liquidity into one decentralized terminal. Orion Enterprise provides much-needed solutions for businesses in the space, including blockchains and exchanges, while their roadmap includes a price oracle and a high-margin DEX.