Orbs, operating on layer 3 of blockchain technology, has unveiled its Liquidity Hub on Fenix Finance, promising enhanced capital efficiency and deeper liquidity on the Blast DEX for users of the L2 network.
The Orbs Liquidity Hub functions as an overlay atop the Fenix Finance DEX, integrating multiple liquidity sources to optimize pricing for Fenix users. This integration aims to maximize the value extracted from each trade while minimizing slippage.
In addition to reducing transaction fees and shielding against Maximal Extractable Value (MEV), Orbs’ solution tackles the issue of fragmented DeFi liquidity. By seamlessly integrating with Fenix DEX’s existing interface, the Liquidity Hub maintains a familiar trading environment for users.
This marks a milestone for Blast as the fifth deployment of DEXs on EVM networks by Fenix, incorporating Orbs Liquidity Hub to aggregate liquidity from both on-chain and off-chain sources, enhancing trading without introducing custodial risks.
In scenarios where Orbs’ liquidity layer cannot execute a trade at a better price than the AMM, the transaction seamlessly reverts to the AMM contract for normal completion. This automated process eliminates the need for traders to manually select liquidity channels, ensuring trades consistently execute at the most advantageous rates available.
The introduction of Liquidity Hub on Fenix follows the platform’s recent $300,000 seed funding round led by Orbs. This investment bolsters Fenix’s mission to deliver the most efficient trading experience on Blast, complemented by the implementation of Liquidity Hub.
Since launching its Open Beta two months ago, Fenix has attracted over 5,000 users who have collectively traded more than $150 million. With the deployment of Orbs Liquidity Hub, Fenix is poised to introduce new offerings that will further cement its leadership in Blast token trading and liquidity provision.
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