Polkamarkets joins as Orion Liquidity Boost Plugin partner

Orion Protocol announces Polkamarkets as the latest partner to utilize Orion Liquidity Boost Plugin.  This integration will provide substantial cross-exchange liquidity to Polkamarkets' DeFi-Powered Prediction Market: reducing slippage, aiding cost effectiveness, and improving user experience.

Orion Protocol will aggregate the liquidity of every digital asset 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.  

Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real world events– creating a new category of market pairs for predictions in crypto spot prices, futures prices, Esports and Sports events, political events, and even things like weather. One of the cornerstones of the DeFi movement is liquidity mining and yield from providing liquidity to active markets - Polkamarkets rewards and incentivises liquidity providers by rewarding them with 100% of the fees generated by the platform. 

Polkamarkets’ built in tools and liquidity provisioning logic help allocate and source liquidity in the most efficient and strategic manner possible with risk management tools such as high-slippage alerts. As such, robust liquidity is paramount to Polkamarkets’ success. Through leveraging Orion Liquidity Boost Plugin, Polkamarkets opens up its liquidity provisioning market to a brand new cohort of liquidity providers. Users will gain access to substantial liquidity across the digital asset market: reducing slippage, aiding cost effectiveness, and improving user experience. As liquidity grows, as will trading volume and users.

“With Polkamarkets’ goal to create a new category of market pairs for predictions, substantial liquidity will be critical to their success. We’re very pleased to partner with Polkamarkets to bring boundless liquidity from across the digital asset market to their predictions market, and we look forward to even deeper collaboration.” Alexey Koloskov, CEO of Orion Protocol

“We are very excited to be partnering with Orion Protocol to add liquidity and users to Polkamarkets. We see this partnership as a great way to augment the use of both of our platforms. Users on Polkamarkets can benefit from the added liquidity from Orion Protocol, and Orion’s users will be able to provide liquidity to a whole new category in prediction markets. Overall it’s a win-win that offers more value to both our communities.” Ricardo Marques, Polkamarkets CEO.

This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, and YOP - bringing even more volume and transactions to the Orion network.

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 like SafeSwap 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 Polkamarkets
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading where users take positions on outcomes of real-world events–in a decentralized and interoperable platform based on Polkadot.

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