PolkaFoundry joins as Orion Liquidity Boost Plugin partner

Orion Protocol announces PolkaFoundry as the latest partner to use the Orion Liquidity Boost Plugin. This integration will provide significant cross-exchange liquidity to PolkaFoundry. This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, YOP, Polkamarkets and COTI - bringing even more volume and transactions to the Orion network.

Orion Protocol will aggregate the liquidity of every crypto exchange into one decentralized platform providing a decentralized gateway to the entire market. 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.

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools ready for DeFi experiments, innovations, and real-world solutions.

Cross-chain interoperability is allowing DeFi users to maximize value creation. As a production hub for DeFi dApps, PolkaFoundry provides dApp developers with the tools to build a frictionless user experience across DeFi applications. Through the PolkaFoundry production hub, DEXes, swap pools, NFT marketplaces, and other DeFi markets can connect with all the services required to build dApps with a user-centric design. 

Yet many users still deem the risk of DeFi too high owing to the fragmentation of liquidity across hundreds of DEXes. To solve the liquidity issue, PolkaFoundry will integrate the Orion Liquidity Boost Plugin to support the DEXes built on PolkaFoundry.

Traders, stakers, and lenders are more likely to use these dApps if they can provide liquid markets.  By connecting to Orion, PolkaFoundry dApps will have access to the aggregated liquidity of the entire crypto market. 

Increasing liquidity is key to taming risk in cryptocurrency markets and driving wider adoption.  Any DEX building in PolkaFoundry can pool liquidity with other DEXes, not only within the PolkaFoundry ecosystem but also DEXes on Orion, accessed by one singular gateway to the crypto market, the Orion Terminal. 

The partnership is a win-win relationship in which the DEXes on PolkaFoundry also contribute to the overall liquidity of Orion through every partner. The added depth provided by the PolkaFoundry network of DEXes is another important factor in Orion’s development. As with Orion’s other exceptional Enterprise products, each DEX connected directly contributes to the incredible staking rewards for Orion’s many stakers. This further cements the importance of Orion’s astounding ORN utility token.

“We understand how frustrated a project may feel when their newly launched state-of-the-art DEX has low to no liquidity. Yet that happens frequently. At PolkaFoundry, we consider the DEX a critical use case and try to provide DEX builders with the best tools on the market to ensure their success. That is why we integrate the Orion Liquidity Boost Plugin into PolkaFoundry to provide liquidity for DEXes. It is an indispensable tool,” commented Thi Truong, Co-Founder and CEO of PolkaFoundry.

“We are excited for PolkaFoundry to join with us and utilize Orion’s bottomless liquidity. Their DeFi-orientated approach to dApp development is one which can provide an incredible amount of creativity to the crypto space. With use of our Liquidity Boost Plugin, it only intensifies this even more.“ - Alexey Koloskov, Co-Founder and CEO of Orion Protocol

Each of Orion’s LBP partners have one thing in common: the need for liquidity in order for their project to become sustainable. LBP clients are hand picked and fully vetted as top quality partners focused on user base growth as a key metric of success. Every transaction on partner exchanges using Orion liquidity will result in a transaction on the Protocol met with regular fees, adding to Daily Protocol Volume. ORN staking rewards are generated via transactions on the protocol, and will therefore increase through B2B partnerships.

ABOUT POLKAFOUNDRY

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools ready for DeFi experiments, innovations, and real-world solutions. Taking advantage of the interoperability and scalability of Polkadot as well as integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the masses.

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