
Alexey Koloskov | March 26 2021
Alexey Koloskov | March 26 2021
On March 31st, 2021 at 5pm UTC, Orion Terminal’s official Main Net will be live to the public. Users can access global liquidity from major centralized exchanges, directly from their wallet, on one decentralized platform - marking the beginning of the future of trading. Follow our countdown here.
Orion Protocol is built on the most advanced liquidity aggregator ever developed. It provides traders with low fees, fast response times, and the best price across major exchanges, all while eliminating the need for exchange hopping. Traders do not need multiple accounts on various exchanges, nor do they have to give up personal information to access centralized liquidity. Trading on Orion Terminal is non-custodial and you always do so using your own wallet.
A ‘How to Trade’ video and guide will be available prior to Main Net going live.
Chain Agnostic.
As a decentralized gateway to the digital asset market, Orion Protocol has, and always will be, chain-agnostic. While many multi-chain aggregators require end-users to select the separate chains and trade on the tokens available on that chain, the multiple chains integrated into Orion Terminal remain in the back-end for a seamless user experience. Upon launch, Orion Terminal will be on Ethereum and Binance Smart Chain, with Avalanche and Elrond to be integrated soon (and more chains to be announced).
Furthermore, Orion Protocol will be the first project to integrate Binance Bridge directly, allowing Orion Terminal users to enable cross-chain trading from BSC. This will be integrated into Orion Terminal imminently.
Fee Structure.
Orion Terminal fees are currently 0.25% in order to provide substantial rewards to stakers. Additional network fees will be dependent on the selected chain. Ahead of the launch of Main Net staking, transaction fees will be used as collateral to provide further liquidity to the terminal.
Trading Pairs.
Unlike simple centralized and decentralized exchanges, Orion’s groundbreaking technology requires a much more technical and innovative approach to pair construction. Each available combination sources assets from various locations and ensures significant liquidity for traders.
Following our systematic, phased rollout of Main Net, the Terminal pair selection has increased over time and this will continue beyond Main Net launch. On March 31st, around forty of the most liquid and popular tokens will be available across ETH and BSC, including BTC, ETH, LINK, DOT, ADA, YFI, UNI, OMG, GRT, BNB, and more. Via our complex swap feature, we'll have 1,560+ pairs due to our unique cross-pair functionality.
As the ecosystem grows, so will access to pairs. Orion will introduce a voting mechanism into the protocol to introduce new pairs each week:
Initially, new pairs will be proposed by Orion and voted on by ORN holders. In time, this will become entirely decentralized, with ORN holders proposing new pairs and voting on them. We wanted to give our community as much control as possible in the selection of trading pairs available on Orion Terminal, by starting with the most liquid pairs and allowing ORN holders to vote moving forward.
Trading Competition.
To mark the occasion of the Main Net launch day, Orion is providing a week long trading competition with $10,000 ORN, Orion merchandise, and the first Orion NFTs up for grabs.
To enter: To enter the reward pool, traders will be required to make at least one transaction per day on the Orion Terminal between March 31st and April 7th to be assigned ‘lottery tickets’. The higher value of transactions, the more tickets a trader will be assigned - increasing their chances of being chosen. The total value of the transactions must exceed $100 USDT. Sign up below to enter.
To win: Winners will be selected at random based on their lottery tickets. Additional tickets and rewards in $ORN will also be given to the top ten traders with the highest value of trades on the Terminal over that time period.
Terminal Development.
Over the last nine months, improvements to the Terminal have come about through many interactions and suggestions from the community via our group of Bug Hunters. They have regularly fed back useful information to the development team in order to make real-time advancements to the user interface and backend, thus improving the overall user experience. This comes to fruition upon official Main Net launch. It has been an incredible experience to involve the community in this way, knowing that several changes have come through your feedback and suggestions.
This important community feedback loop continues further over the time ahead as we continue to build the portal to the entire digital asset market, with lending, margin trading, leveraged ETFs, derivatives, contract trading, NFTs, decentralized copying, and staking of any digital asset type coming to the terminal this year.
Staking.
Offering stakers high rewards is of utmost importance to us. Staking rewards are generated through volume from Orion Terminal, combined with the volume from all other DeFi products. As such, the team is prioritizing the development of several key B2B solutions ahead of schedule to ensure significant volume on staking launch, including Orion Liquidity Boost Plugin, Orion Launchpad Liquidity, and Orion DEX Kit.
Each new partner for these solutions brings additional volume to the protocol, increasing Daily Protocol Volume and therefore staking rewards. We have amassed over 40 partners so far, and we will continue to add to our ever-growing ecosystem. All of this is to ensure maximum rewards for our stakers.
Orion's Main Net Staking is currently in final testing and will be live in Q2. In the meantime, explore your potential staking rewards here.