Orbs Unveils the Perpetual Hub, a Groundbreaking Intent-driven Solution for Onchain Futures

Layer 3 liquidity protocol Orbs has unveiled Perpetual Hub, a comprehensive on-chain solution for trading perpetual futures. Unlike existing solutions that rely on order books or virtual liquidity mechanisms, Perpetual Hub offers traders a suite of tools to maximize value from on-chain perps, addressing the inefficiencies in capital allocation. Developed in partnership with SYMMIO and IntentX, the platform utilizes Orbs’ cutting-edge L3 technology to enable traders to execute perpetual futures trades on-chain with the same level of efficiency as centralized finance (CeFi). Perpetual Hub consists of three key components: Hedger, Liquidator, and Price Oracle. Hedger acts as a market maker, using SYMM’s front end to provide liquidity by filling user orders. It can tap into external liquidity sources, including centralized exchanges like Binance, to ensure unmatched liquidity. Liquidator comes into play when the collateral value falls below the maintenance margin barrier, allowing customers to liquidate a trader’s position. Liquidators earn a fee for their services. Lastly, Price Oracle ensures precise pricing for perps trading by providing reliable on- and off-chain data. It is crucial for proper order execution, detecting liquidations, and calculating uPnL for accounts. Perpetual Hub relies on a completely decentralized and resilient price oracle to operate as intended. These three software solutions leverage the power of the decentralized Orbs Network, its Guardians, and its proof-of-stake ecosystem to enable various platforms, market players, and third parties to offer decentralized services for perpetual futures trading. The current total value locked (TVL) of on-chain derivatives is $3.4 billion, a small fraction of the $100 billion TVL in the DeFi industry. Perpetual Hub aims to improve all aspects of trading perpetual futures, from price accuracy to order execution, in order to increase TVL, enhance user experience and safety, and instill confidence in the on-chain perps markets.