Yanush Ali | October 21 2020
Orion Protocol announces Polkastarter as the first partner to use Orion Liquidity Boost Plugin, enriching Polkastarter’s DEX with bottomless cross-exchange liquidity to provide automated liquidity to token swaps and pools.
Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized, permissionless, and interoperable environment based on Polkadot. As seen from the huge growth of DEXs and liquidity pools, traders are drawn to DeFi solutions like Polkastarter and its promise of non-custodial asset ownership.
However, despite DEX volume reaching $23.6 billion in September, up from $11.6 billion in August, it still accounts for just 13.9% of overall trading volume. Additionally, DEXs suffer from high spreads and high slippage on many platforms.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one decentralized platform: providing a singular, non-custodial gateway to the entire digital asset market with almost zero spread and zero slippage. Their enterprise solutions for crypto projects, blockchains, and exchanges built on the protocol include Orion Liquidity Boost Plugin: bringing endless liquidity to exchanges immediately, from every CEX, DEX, and swap pool in market.
This integration will see Orion’s Liquidity Boost Plugin enrich Polkastarter’s DEX with bottomless cross-exchange liquidity to provide automated liquidity provision to token swaps and pools, drastically reducing spread and slippage on the platform. With this integration, Polkastarter guarantees constant activity and liquidity on several ERC-20 token pools.
Orion Protocol’s expansive liquidity will automatically generate pools for major ERC-20 tokens ($USDT, $BNB, $LINK, $CRO, $USDC and others) on Polkastarter. These pools will have large amounts of tokens and will be available in a short period of time.
The integration will provide a number of advantages for liquidity providers on Polkastarter. LPs can sell large quantities of specific tokens without risking high slippage, due to added liquidity and low spread. Additionally, the integration will provide a number of arbitrage and hedge opportunities for LPs.
The timeline for this integration coincides with the launch of the Polkastarter MVP launch and Orion Protocol’s main net, both planned for Q4 2020.
Polkastarter will be the first project to utilize Orion’s Liquidity Boost Plugin solution. This easy to set up plugin gives exchanges like Polkastarter immediate access to the liquidity and volume of all the exchanges in the market, alongside a number of additional features:
- Non-Custodial Cross-Chain Trading: Completely built on decentralized principles, supporting cross-chain trading with multiple blockchains via atomic-swaps technology.
- Order Splitting and Smart Routing: An order can be split into multiple parts and routed to different exchanges: always guaranteeing the best buy and sell order price.
- Ability To Use Other DeFi Products: Other DeFi products in the ecosystem can be used and easily integrated through the plugin, including lending, margin trading, trading signals, and more.
100% of the licensing fees generated from Orion Protocol’s stack of DeFi solutions will be used to buy ORN tokens off the market and remove them from circulation.
“As the leader for liquidity solutions in the decentralized ecosystem, Orion Protocol is the perfect partner for Polkastarter’s liquidity demands. With this partnership, our platform will always be active and provide great buying opportunities.” -Daniel Stockhaus, Polkastarter CEO
“We’re extremely pleased to announce Polkastarter as our first partner to utilize Orion’s Liquidity Boost Plugin to enrich their cross-chain token pools with unrivalled liquidity. Their goal to enable projects to raise capital in a decentralized, permissionless, and interoperable environment aligns perfectly with our vision for a decentralized and open-source future of finance, and we are glad to play a part in facilitating their growth.” -Alexey Koloskov, Orion Protocol CEO
This is the first step of an integration roadmap currently being developed between Polkastarter and Orion Protocol, with more to come within the quarter.
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.
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Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot. With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.