Orbs Unveils Liquidity Hub on Fenix Finance Platform

Orbs, a Layer 3 blockchain, has announced the rollout of its liquidity hub on Fenix Finance, according to updates shared with Finbold on July 4th.

The launch aims to bolster liquidity on the Blast decentralized exchange (DEX) and optimize capital efficiency for Layer 2 users.

Addressing DeFi liquidity challenges, Orbs introduces reduced transaction fees, protection against Maximal Extractable Value (MEV), and gas-free transactions.

Orbs’ liquidity hub acts as an additional layer atop the DEX, aggregating liquidity from diverse sources to ensure optimal pricing, thereby minimizing slippage and maximizing trade value.

Integrated seamlessly with Fenix DEX, the Liquidity Hub maintains a user-friendly interface for traders.

By merging liquidity from both on-chain and off-chain sources, the hub enhances trading experiences without imposing custodial risks.

If a trade cannot be executed at a better price than the Automated Market Maker (AMM), it defaults to the AMM contract, ensuring trades occur at the best available rates automatically.

Orbs’ integration with Fenix marks its fifth on Ethereum Virtual Machine (EVM) networks and its debut on Blast, following Fenix Finance’s recent $300,000 seed investment led by Orbs.

This funding, alongside the new liquidity solution, will aid Fenix in delivering the most capital-efficient trading experience on Blast.

Since its Open Beta launch in May 2024, Fenix has attracted over 5,000 users, facilitating more than $150 million in trading volume.

With Orbs’ liquidity hub operational, Fenix is poised to establish itself as the premier protocol for Blast token trading and liquidity provision.