Orion Protocol announced last Thursday, September 2, through its Twitter account, that the SingularityDAO SDAO lists are available in Orion Terminal.
“SDAO is now available at Orion Terminal! Users can start exchanging and trading SDAO in the Terminal, directly from their wallet, in addition to providing liquidity for the SDAO / USDT group”, he said through an article published on his website.
The company explained that SingularityDAO is a decentralized platform, governed by the SDAO token, charged with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and selected by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, implementing SingularityNET’s AI technology to navigate complex markets.
“Orion has developed its own AMM solution, Orion Pool: it allows any project to be listed on the Orion Terminal through liquidity pools. Users will be able to trade seamlessly through Orion Pool, CEX and DEX directly from their wallet (without KYC and regardless of jurisdiction), and the order will always be sent to the source of liquidity with the best price”, he added.
According to the company, the creation of an SDAO / USDT group in Orion Pool lists SDAO in Orion Swap + Orion Terminal, to exchange users and traders and allow access to more complex order types against the main exchange groups (eg., Limited orders). This will bring new attention, volumes, and liquidity to SingularityDAO, while providing the community with a platform to seamlessly trade SDAOs across multiple sources of liquidity directly from your wallet, with your orders always directed to the source of liquidity with the best. price.
Meanwhile, LPs providing liquidity for the SDAO / USDT pool will earn 0.3% pool rates.
Additionally, while the inclusion of SDAO in Orion Terminal creates greater accessibility and visibility for new users, Orion will also benefit from the growing suite of tools from the SingularityDAO and SingularityNET ecosystems.
The company assured that, unlike the listing in the main exchange groups, the listing in Orion Pool provides a series of benefits for the projects, which are first in the industry, including:
• Global access to assets through CEX + DEX liquidity
• Featured features and marketing support
• Complex and charting order types via Orion Terminal + Orion Swap
• Future access to advanced features like margin and loans
• Cultivation of native assets (of assets and / or ORN)
• Best price in CEX + DEX
• and more in the pipeline.