Kal Ali | February 24 2021
Kal Ali | February 24 2021
Orion Protocol announces YFDAI as the latest partner to utilize Orion Liquidity Boost Plugin. This integration will provide substantial cross-exchange liquidity to SafeSwap, YFDAI’s DEX: reducing slippage across multiple pairs, aiding cost effectiveness, and improving user experience.
This follows LBP partnerships with Polkastarter, MobiePay, PlasmaPay, Fire Protocol, Glitch Finance, and Fuse, 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.
YFDAI Finance’s mission is to lead the evolution of DeFi by providing a comprehensive suite of financial products while offering the safest and most secure environment possible. YFDAI has created a bridge between traditional finance and decentralized networks to bring recognizable products into a new era. With YFDAI, services such as borrowing, lending, savings, investment and insurance can be accessed in one universal and complete platform. Users and funds are safe and secure thanks to audited smart contracts, locked tokens, and YFDAI’s transparent practices. YFDAI is dedicated to providing quality services with the highest level of security.
YFDAI’s SafeSwap is the first DeFi exchange that’s fully committed to fostering a secure and transparent DeFi marketplace ecosystem by listing vetted projects that have to adhere to specific listing criteria. Leveraging Orion Liquidity Boost Plugin upon launch, SafeSwap users will gain immediate access to substantial liquidity: reducing slippage across multiple pairs, aiding cost effectiveness, and improving user experience.
Furthermore, SafeSwap serves as the initial exchange listing for YFDAI’s LaunchPad. As soon as a YFDAI LaunchPad project is listed on more exchanges beyond SafeSwap, they will be able to take advantage of Orion Liquidity Boost and, in the process, expand their order book and liquidity on SafeSwap. Any project directly listed on YFDAI’s SafeSwap or accepted into YFDAI’s LaunchPad program will be awarded with reduced friction, improved customer experience, and the opportunity to generate additional revenue.
Users will be able to purchase leading tokens on SafeSwap (including ORN), in addition to the tokens of new LaunchPad projects listed - providing the best price and minimal slippage.
“For a Dex to be successful liquidity is key, by using the Orion Liquidity plug in SafeSwap will receive deep instant liquidity across all pairs, this coupled with the liquidity package provided by the new SST token along with the new UI ready to be deployed will ensure that SafeSwap offers a seamless trading platform, just without the illegitimate projects that have been plaguing the entire space.” Phil Dow, YFDAI’s Lead Advisor
“We share YDFAI’s mission to build a safe and sustainable future of DeFi. As such, we’re excited to join forces through enabling bottomless liquidity to SafeSwap (their DEX designed to protect users from bad actors in the space) in order to provide the best price and minimal slippage.” Alexey Koloskov, CEO + Co-Founder 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 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.
YFDAI Finance’s mission is to lead the evolution of DeFi by providing a comprehensive suite of products while offering a safe and secure environment. With YFDAI, services such as staking, farming, borrowing, lending, and insurance can be accessed in one universal and complete platform. Users and funds are safe and secure thanks to audited smart contracts, locked tokens, and YFDAI’s transparent practices. YFDAI is dedicated to providing quality services with the highest level of security. Their mission and vision is to bridge the chasm between the blockchain and the legacy financial system by offering a safe and secure environment for veterans and newcomers alike.
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