Orbs, a pioneer of Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading, according to the latest information shared with Finbold on May 30.
Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model.
Centralized financial execution in DeFi
Developed in partnership with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level execution (CeFi) to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their perpetual on-chain transactions. futures trading.
Ran Hammer, VP Business Development of Orbs, emphasized the importance of this launch, saying:
Quote: “This launch opens a door that has previously served as a blocker for people in blockchain. Perpetual futures are significantly more popular than spot trading, and we now offer the best solution for on-chain perpetual traders. We would like to continue to nurture our reputation as leading experts in DeFi and web3 and help bring the world on-chain!”
— Ran Hammer, Orbs VP of Business Development
The current total value (TVL) in on-chain derivatives is $3.4 billion, a small portion of the total TVL in the DeFi market, which is approximately $100 billion.
The core components of Perpetual Hub
Perpetual Hub targets a wide range of market participants, including traders and market makers, through its three core components:
- Hedge trimmer: Using a SYMM-powered front-end, this market maker provides liquidity by executing user orders. It can also tap into external liquidity sources such as centralized exchanges (DEXs) like Binance, ensuring further liquidity;
- Liquidator: This component allows users to liquidate positions when the value of the collateral falls below the maintenance margins. Liquidators receive fees for their services, which incentivizes the maintenance of market stability;
- Praise Oracle: The Price Oracle provides reliable data inside and outside the chain to guarantee accurate prices. It is critical for calculating unrealized gains and losses (uPnL), identifying liquidation points and executing orders.
All three elements leverage the decentralized power of the Orbs Network, supported by its Guardians and the proof-of-stake (PoS) ecosystem.
This allows other platforms, market participants and third parties to offer a robust suite of decentralized perpetual futures trading services.