Kal Ali | March 5 2021
Kal Ali | March 5 2021
Orion Protocol announces Vortex DeFi as the tenth partner to utilize Orion Liquidity Boost Plugin, bringing bottomless liquidity to Vortex's all-in-one DeFi platform. This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, YOP, and Polkamarkets - bringing even more volume and transactions to the Orion network.
Orion Protocol will aggregate the liquidity of every digital asset exchange into one decentralized platform: providing a decentralized gateway to the entire crypto 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.
Vortex DeFi aims to be the gateway to the world of DeFi, bringing all the DeFi instruments such as yield management, NFT, swapping, and insurance together on one platform to create a seamless experience for the end-user. Achieving this will require substantial liquidity: Orion Protocol will power Vortex DeFi’s V-SWAP feature with bottomless liquidity across the digital asset market: reducing slippage, aiding cost effectiveness, and improving user experience. Furthermore, future implementation of V-PAY, Vortex’s FIAT on/off ramp functionality, will enable Vortex DeFi users to easily purchase ORN tokens via a wide range of payment options.
"In the same way that Orion Protocol will become the gateway to the entire crypto market, Vortex aims to be the gateway to the world of DeFi - bringing yield management, NFTs, swapping, and insurance together on one platform. Naturally, this requires substantial liquidity, and we’re excited to work with Vortex to accelerate their growth." Alexey Koloskov, CEO of Orion Protocol
“We are delighted to partner with Orion Protocol, one of the rapidly growing projects in the DeFi space. We are looking forward to our collaboration with Orion Protocol and synergizing with them on our key feature V-SWAP and V-PAY. This partnership will allow us to enable our end-users in the future to get access to the best experience powered by Orion protocol and adding value to the overall Defi space as well." Rahul Singh, CEO of Vortex DeFi
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. This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, Fuse, YFDAI, YOP, and Polkamarkets.