Orbs Liquidity Hub Expands its Presence to Fantom and Forges Partnership with SpookySwap
SpookySwap, a decentralized exchange (DEX) that operates on the automated market-making (AMM) model, has recently announced its integration of Orbs’ flagship Layer-3 protocol, Liquidity Hub. This integration, disclosed to Finbold on June 3, allows SpookySwap users to access deeper liquidity from various on-chain protocols on the Fantom network.
By leveraging Orbs’ L3 technology, this upgrade aims to enhance the overall user experience on SpookySwap. The Liquidity Hub integration enables more efficient token swaps, improved pricing, protection against Maximal Extractable Value (MEV), gasless trades, and enhanced capital efficiency through a streamlined interface.
As a fully decentralized and interoperable protocol, Orbs Liquidity Hub empowers DEXs to harness liquidity from both on-chain and off-chain sources without compromising the permissionless nature of decentralized finance (DeFi). Serving as an L3 optimization layer above the AMM, Liquidity Hub leverages external liquidity to provide more favorable price quotes, resulting in trades with reduced slippage. These features enable traders to maximize the value obtained from each swap without incurring additional costs.
Liquidity Hub employs third-party solvers to source liquidity for swaps, utilizing AMM pools or private solver inventory. Additionally, it facilitates decentralized orders through an application programming interface (API), allowing institutional and professional traders to compete for swaps by submitting bids. If the Liquidity Hub cannot execute a trade at a more advantageous price than the AMM, the transaction defaults to the AMM contract. This integration preserves SpookySwap’s familiar interface, ensuring a seamless and user-friendly trading experience.
This integration follows similar deployments on other blockchain networks, such as QuickSwap on Polygon PoS, zkEVM, Thena on Binance’s BNB Chain, and IntentX on Base. By consolidating liquidity across multiple chains, Liquidity Hub aims to provide competitive liquidity sourcing for DEXs.