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<p class="is-style-lead">Orbs, a layer-3 liquidity protocol, has launched its Perpetual Hub to enhance the on-chain futures experience for leverage traders in collaboration with SYMMIO and IntentX.</p> 
<p>Defi perpetual futures providers typically use an order book as a liquidity mechanism to facilitate token swaps and bootstrap trading.&nbsp;While this method has allowed investors to participate in decentralized perpetuals, many industry experts argue that it lacks capital efficiency for the $3.4 billion locked in on-chain derivatives, according to DefiLlama.</p> 
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  Defi derivatives TVL | Source: <a href="https://defillama.com/protocols/Derivatives" target="_blank" rel="">DefiLlama</a>
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<p> You might also like: <a href="https://crypto.news/vitalik-buterin-donates-30-eth-to-tornado-cash-legal-defense/" rel=""> Vitalik Buterin donates 30 ETH to Tornado Cash legal defense </a> </p> 
<h2 class="wp-block-heading" id="orbs-perpetual-hub">Orbs perpetual hub&nbsp;</h2> 
<p>To address this issue, Orbs introduced an intent-based Perpetual Hub offering a comprehensive suit of on-chain solutions called Hedger, Liquidator, and Price Oracle.&nbsp;</p> 
<p>Hedger leverages SYMMIO’s front end for aggregated liquidity, acting as a counterparty able to draw resources from external capital corridors like Binance and other centralized exchanges. </p> 
<p>Liquidator allows individuals to earn fees for contributing to margin threshold maintenance by closing traders’ positions. Price Oracle provides a decentralized pricing terminal to monitor unrealized profit and loss.</p> 
<p>Orbs VP of business development, Ran Hammer, said the Perpetual Hub launch “opens a door that has previously served as a blocker” for blockchain participants who are increasingly more interested in <a href="https://crypto.news/?s=Perpetual+" target="_blank" rel="">on-chain futures</a> trading.</p> 
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   <p lang="en" dir="ltr">Our powerhouse partner <a href="https://twitter.com/orbs_network?ref_src=twsrc%5Etfw" target="_blank" rel="">@orbs_network</a> just launched their new product, the Perpetual Hub!<br><br>This end-to-end solution is designed to drive forward the intent-based future of on-chain derivatives trading.<br><br>Slowly then suddenly. <a href="https://t.co/2GhKmBXyy1" target="_blank" rel="">https://t.co/2GhKmBXyy1</a></p>— SYMMIO (@symm_io) <a href="https://twitter.com/symm_io/status/1796183520915718160?ref_src=twsrc%5Etfw" target="_blank" rel="">May 30, 2024</a>
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<p> Read more: <a href="https://crypto.news/how-latin-america-became-an-important-player-in-the-crypto-landscape/" rel=""> How Latin America became an important player in the crypto landscape? </a> </p>

Orbs L3 taps SYMMIO and IntentX for better on-chain perps

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