Orbs

In a groundbreaking move within the blockchain industry, the Layer-3 public blockchain project Orbs has announced a strategic partnership with IntentX, a leading OTC marketplace and trading terminal. This collaboration is set to revolutionize the on-chain derivatives and spot trading markets, highlighting Orbs’ growing influence in the blockchain space, particularly in the realm of on-chain derivatives.The partnership is poised to leverage Orbs’ cutting-edge Layer-3 technology to explore and develop potential use cases for on-chain derivatives. A key feature of this collaboration will be the integration of Orbs’ Request for Quote (RFQ) protocol, the Liquidity Hub, into IntentX. This integration aims to enhance RFQ spot trading and expand IntentX’s spot trading capabilities, extending them to additional blockchains such as Base and Arbitrum.<h2 id="header-0">A Game-Changing Blockchain Alliance</h2>This collaboration marks a significant milestone for Orbs, especially following its recent partnership with SYMMIO, a protocol that specializes in bilateral “Symmetrical Trading” of derivatives. This earlier collaboration was centered around on-chain derivatives use cases, focusing on off-chain/on-chain communication oracles and the development of a joint bidding system for hedgers.Ran Hammer, Orbs’ Vice President of Business Development, expressed enthusiasm about the partnerships, stating, “By teaming up with first SYMMIO and then IntentX, Orbs is solidifying its role as a leader in on-chain RFQ trading innovation. As well as integrating our decentralized optimization layer Liquidity Hub into IntentX’s frontend for RFQ-based spot trading, we will enhance SYMMIO’s contracts using our L3 technology. We hope this proves to be a shot in the arm for the on-chain derivatives space, and we cannot wait to hear what users think.”The Liquidity Hub by Orbs has already demonstrated its potential, facilitating tens of millions of dollars in trade volume through its operations on Polygon’s leading native DEX Quickswap and Thena, one of the most prominent DEXs on the BNB Chain. Orbs stands out for its decentralized execution layer that bridges the gap between existing Layer 1/Layer 2 solutions and the application layer.With its secure network of permissionless validators and Proof-of-Stake mechanism, Orbs is enhancing the capabilities of smart contracts across both EVM and non-EVM chains, paving the way for a more innovative and integrated blockchain ecosystem. On the other hand, IntentX, renowned for its perpetual futures trading, stands out in the OTC derivatives exchange sphere.Its collaboration with SYMMIO integrates intent-based (RFQ) core contracts vital for trade settlement and facilitating agreements between traders and solvers, thereby enriching IntentX’s offerings and showcasing its commitment to innovation and enhanced user experiences. IntentX supports a wide array of tradable markets and offers substantial leverage options.The tripartite synergy between Orbs, IntentX, and SYMMIO is setting the stage for a more efficient, transparent, and accessible on-chain derivatives market. This evolving landscape is poised to deliver enhanced value beyond the capabilities of traditional decentralized exchange Automated Market Makers (DEX-AMMs).

Orbs Partners with IntentX to Transform OTC Derivatives and Spot Markets

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