Orion Protocol shared latest updates

Orion Protocol shared last Tuesday, June 15, through its Twitter account, the latest updates to its protocol.

Roundup: Orion Pool and Preliminary

• On June 22, Orion Pool will be available in Orion Terminal, creating a single user interface for:

• Exchange and trade

• Participatory voting and governance

• Main Net Pre-Staking liquidity will create Orion Pool, Orion’s AMM: allowing assets to be traded on Orion Terminal through liquidity funds.

• With this launch, Orion Terminal becomes the only trading platform that allows decentralized access to CEX + exchange groups in one place. Orion will always send all orders to the source of liquidity with the best price.

• Orion has created an arbitrage SDK to allow traders to easily configure their bots for the Orion Pool.

• Starting next month, any project can be listed on the Orion Pool, increasing assets and pairs exponentially. A significant number of third parties are already aligned to self-include in Orion AMM Pool. Orion will soon integrate leading exchange groups such as Uniswap, PancakeSwap and SushiSwap to add significantly more liquidity to the Terminal.

• Orion Pool and pre-staking will initially be in both ETH and BSC. As more chains integrate (with Cardano, Fantom, Polkadot, Avalanche, Elrond, and HECO coming soon), this will expand to include their native assets.

Orion Pool: first to combine CEX and Pool Liquidity

The company explained that Orion Protocol was born with the objective of decentralizing the main source of liquidity in the market: centralized exchange liquidity. In his view, for the first time the liquidity of the centralized exchange of companies such as Binance and KuCoin can be accessed in a decentralized way, directly from the wallets of merchants. So now, their mission has evolved: to aggregate the entire digital asset market on one decentralized platform.

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“We have developed our own AMM solution, Orion Pool, which enables assets to be traded at Orion Terminal through liquidity pools rather than a traditional buyer / seller market. Orion Pool will be fully integrated into the Terminal, allowing merchants a single user interface to trade, exchange, bet and vote for government. In addition, Orion will soon integrate leading exchange groups such as Uniswap, PancakeSwap and SushiSwap to add significantly more liquidity to the Terminal”, he added.

Liquidity boost

According to the company, Orion Pool will launch with four ORN pools: ORN / ETH, ORN / USDT, ORN / BUSD, and ORN / BNB.

“In the future, any project can be ‘self-included’ in Orion Pool. A significant number of third parties are already lined up to self-include in Orion AMM Pool: market capitalization projects in the millions to billions of dollars. This will allow liquidity for new assets and pairs to be added to the terminal, increasing assets and pairs exponentially”, he specified.