Alexey Koloskov | June 15 2021
Alexey Koloskov | June 15 2021
Orion Pool: The First to Combine CEX and Pool Liquidity
Orion Protocol was born out of a goal to decentralize the major source of liquidity in the market: centralized exchange liquidity. For the first time, centralized exchange liquidity from the likes of Binance and KuCoin can be accessed in a decentralized manner, directly from traders’ wallets. Now, our mission has evolved: to aggregate the entire digital asset market into one decentralized platform. The launch of Orion Pool takes us one step closer to that goal.
We have developed our own AMM solution, Orion Pool, allowing assets to be traded on Orion Terminal via liquidity pools rather than a traditional market of buyers and sellers. Orion Pool will be fully integrated into the Terminal, allowing traders a single UI for trading, swapping, staking, and governance voting. Additionally, Orion will soon be integrating leading swap pools like Uniswap, PancakeSwap, and SushiSwap to add significantly more liquidity to the Terminal.
Through this development, Orion Terminal is the only platform that allows decentralized access to both centralized exchanges and swap pools in one place. As usual, Orion will route all swap orders to the liquidity source with the best price: orders can even be split across multiple exchanges and liquidity sources to achieve the best possible price.
Every liquidity pool presents a substantial source of liquidity for arbitrage opportunities between centralized and decentralized liquidity sources. On top of the opportunity to capitalize on price discrepancy arising from different exchange order books aggregated into one place, Orion Protocol has built an arbitrage bot SDK, allowing traders to easily configure their arbitrage bots for Orion Pool.
Driving Significant Liquidity and Volume to Orion Terminal
Orion Pool will launch with four ORN pools: ORN/ETH, ORN/USDT, ORN/BUSD, and ORN/BNB.
Going forward, any project can ‘self-list’ on Orion Pool. A significant number of third parties are lined up to self-list on Orion AMM Pool already - from million to billion dollar market cap projects. This will enable liquidity for new assets and pairs to be added to the terminal, increasing assets and pairs exponentially.
Self listing on Orion Pool will enable worldwide access of assets and visibility to a global audience, more complex order types on Orion Terminal than leading swaps (including limit orders), cross-trading against over 1,000 trading pairs via complex swap, unique arbitrage opportunities across decentralized and centralized liquidity sources, access to Orion’s partners, and co-marketing opportunities.
Orion Pool will be compatible with ETH and BSC. As more chains are integrated (with Cardano, Fantom, Polkadot, Avalanche, Elrond, and HECO soon to be integrated), this will expand to include their native assets.
Main Net Pre-Staking: Lucrative Rewards For Stakers From June 22nd
Orion's Main Net Pre-Staking will be live with the launch of Orion Pool. As either Liquidity Providers or Governance Stakers, ORN token holders will be able enjoy staking rewards, governance, and added utility directly from the Terminal, without losing custody of their ORN.
Stay tuned for much more coming in the following week.