Orbs - decentralized Layer-3 blockchain infrastructure player recently shook up the DeFi space with the introduction of Perpetual Hub, a suite of tools for on-chain perpetual futures trading. Collaborating with SYMMIO and IntentX, Orbs aims to bring unprecedented liquidity and efficiency to decentralized derivatives trading. But how do these systems actually work together to change the game ? Let’s break it down.
SYMMIO: Redefining On-Chain Derivatives
SYMMIO is a protocol that takes a unique approach to trading derivatives. In most DeFi platforms, risk is pooled among all participants, which often leads to inefficiency and requires large amounts of capital to be locked up as collateral. SYMMIO changes this by isolating risk between two parties rather than spreading it across the entire platform. This dramatically reduces the need for over-collateralization, allowing traders to use more leverage without parking huge sums of money.
SYMMIO operates on an intent-based execution model. Instead of relying on traditional order books, SYMMIO directly matches buyers and sellers. This method improves trade execution and allows participants to take advantage of better liquidity. The result? More efficient trades with deeper liquidity and less risk for the participants.
IntentX: The Front-End for On-Chain Futures Trading
IntentX plays a crucial role by acting as the user interface (UI) for the entire system. While SYMMIO handles the smart contract logic and trade matching, IntentX provides the front-end experience for users to interact with the protocol. Think of it as the platform where you place your orders, monitor the markets, and manage your positions. It makes the complexity of SYMMIO and Orbs’ tech accessible to everyday traders through a clean and intuitive UI.
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Orbs and Layer-3 Technology: The Power Behind the Platform
This is where Orbs comes in. Orbs is not your typical blockchain layer—it’s a Layer-3 solution designed to enhance and optimize existing decentralized services. In the case of perpetual futures trading, Orbs provides the infrastructure needed for intent-based execution, which SYMMIO relies on.
Orbs brings to the table Perpetual Hub, which is essentially the core engine that powers the decentralized services around on-chain perpetual futures. Here’s how it works:
Hedgers: These are market makers within the SYMMIO-powered platform (like IntentX) who provide liquidity by filling user orders. They act as the counterparty to trades and can access external liquidity sources, such as centralized exchanges, ensuring deeper liquidity than traditional DeFi platforms.
Liquidators: In leveraged trading, users lock up collateral, and if the value of their position drops too low, Liquidators step in. They close positions that no longer meet margin requirements and earn a liquidation fee in return. This function ensures that traders don’t overextend their leverage and that the platform remains stable.
Price Oracles: To make this whole system work smoothly, accurate and reliable price data is critical. Oracles feed real-time price data into the system, allowing for proper risk management, marking positions for liquidation, and updating unrealized profits and losses (uPnL). Orbs ensures this data flow remains decentralized, transparent, and tamper-proof.
Together, SYMMIO, IntentX, and Orbs form a decentralized architecture that offers unparalleled capital efficiency and liquidity for on-chain perpetual futures. While SYMMIO runs the contracts, and IntentX delivers the interface, Orbs powers the entire system behind the scenes, using its Layer-3 tech to optimize execution and liquidity.
Orbs’ Impact on DEXs Across DeFi
Orbs isn’t just focused on perpetual futures. Its Layer-3 solutions also power various other services across the decentralized ecosystem. For example, Liquidity Hub helps solve the problem of fragmented liquidity by tapping into external liquidity sources, making swaps more efficient on DEXs.
Additionally, Orbs provides advanced trading orders like decentralized time-weighted average price (dTWAP) and decentralized limit orders (dLIMIT). These features enable traders to execute complex strategies with the reliability and efficiency typically found in centralized exchanges but with the added benefits of decentralization.
Conclusion: The Future of On-Chain Trading
With the launch of Perpetual Hub, Orbs is positioning itself as a key player in DeFi, providing the infrastructure that DEXs need to compete in both spot and futures markets. The combination of SYMMIO’s risk isolation, IntentX’s intuitive interface, and Orbs’ Layer-3 tech is paving the way for the future of decentralized trading. As more DEXs integrate these services, we’re likely to see a significant shift in how traders approach on-chain derivatives, with deeper liquidity, better execution, and fewer capital constraints.
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