Published
2 years ago on
June 23, 2021
The decentralized ecosystem is growing exponentially, with hundreds of promising DeFi projects lining up for mainnet launches. At a juncture where users question the basic working principles of centralized exchanges (CEXs) while increasingly adopting decentralized exchanges (DEXs), crypto trading is witnessing a massive inflow of new users.
However, an inherent problem makes it difficult for the larger population to get into crypto trading. At present, the crypto ecosystem remains fragmented, with most digital assets spread unevenly across different DEXs deployed on different blockchain networks. To leverage tight spreads across cryptocurrencies, users need to create and manage wallets across DEXs, making the trading process extremely complicated and tedious.
Although there are several cross-chain solutions, the current blockchain ecosystem is too siloed to offer full-scale interoperability across chains. This is where Orion Protocol bridges the gap, redefining the future of trading. Orion Protocol has developed the first-ever gateway to the entire crypto market, the Orion Terminal, to make crypto trading easy for the larger population. Following the integration with popular chains and exchanges, Orion launched its AMM solution, Orion Pool, on the Orion Terminal, creating a single UI for swapping, trading, staking, and governance voting.
With this launch, Orion Terminal became the only trading platform to enable decentralized access to DEXs, CEXs, and swap pools in one place. The idea of Orion Protocol came into being due to the rising need to decentralize the market’s most significant liquidity source, the centralized exchange liquidity. By design, the Orion Pool allows users to trade assets on the Orion Terminal using liquidity pools and not the usual buyer-seller marketplace. In addition, Orion will also be integrating other prominent swap pools like SushiSwap, Uniswap, and PancakeSwap to increase liquidity on its Terminal.
Orion Pool has the potential to bridge the worlds of crypto, traditional finance, and real-world assets. One of the great things about Orion is that it offers traders full control over their assets, allowing them to buy, sell, and swap their assets across platforms. As a result, it basically obliterates the frustrations users undergo when trying to trade via brokers and the exhausting process of signing up on centralized exchanges.
While there are a few protocols that offer direct gateways to CEXs and DEXs, Orion Pool is the first decentralized platform that allows users to access a range of exchanges and swap pools directly from a single interface. As a result, it relieves users of the troubles of signing up on multiple exchanges and monitoring each platform to find the best opportunities.
Instead, Orion Pool enables users to trade across major exchanges, centralized and decentralized. Users just need to add their wallet address, deposit the assets, and start trading. There are no hassles of undergoing several account verifications and KYC checks. Besides, Orion routes all swap orders to the liquidity source with the best price and offers an arbitrage bot SDK, allowing traders to configure arbitrage bots for Orion Pool.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
