TL;DR
- Major Collaboration: IntentX, a decentralized perpetual exchange, has revealed a significant collaboration with the Layer 3 network Orbs. This integration is set to incorporate Orbs’ Liquidity Hub into IntentX’s ecosystem, marking a substantial advancement in the DeFi world.
- Revolutionary Integration: The alliance signifies a shift away from the dependency on DEX AMMs, introducing a new phase of liquidity provision. Orbs Liquidity Hub deviates from traditional DEX swaps by utilizing on-chain solver auctions and decentralized orders for liquidity sourcing.
- Enhanced User Access: With the integration of IntentX, users gain unrestricted access to the network’s vast liquidity pool without extra costs. As the partnership expands, users can expect improved liquidity provision and a smoother trading experience on IntentX.
In a significant development in the world of decentralized finance (DeFi), IntentX, a decentralized perpetual exchange (DEX), has announced a major collaboration with the Layer 3 network Orbs. This partnership is set to integrate Orbs’ Liquidity Hub into IntentX’s ecosystem, marking a significant stride in DeFi.
IntentX Has Officially Integrated Orbs Liquidity Hub🔥
Users are now able to trade spot on IntentX! Liquidity is sourced from Liquidity Hub by @orbs_network
This all on top of trading our 261 perpetual pairs📈
Want to learn more?👀
➡️Read here: https://t.co/X1H2I0rnlg pic.twitter.com/xYEePmLgcy
— IntentX (@IntentX_) March 26, 2024
The integration aims to enhance user access to spot orders and the perpetual contracts marketplace. Orbs Liquidity Hub, a cornerstone in DeFi infrastructure, transcends traditional automated market makers (AMMs) by harnessing liquidity from both on-chain and off-chain sources.
The platform tackles the issue of scattered liquidity on DEXs by pooling liquidity from multiple chains, thus providing better pricing than AMMs. IntentX has joined forces with Orbs Liquidity Hub, aligning itself with industry heavyweights such as Quickswap on Polygon and THENA on the BNB chain. Additionally, IntentX has distinguished itself as the inaugural platform on the Coinbase Layer 2 chain, Base, to incorporate the Liquidity Hub.
The Shift Away from DEX AMMs: IntentX’s Revolutionary Integration
This revolutionary integration marks a shift away from the dependency on DEX AMMs, ushering in a fresh phase of liquidity provision. Orbs Liquidity Hub deviates from the traditional DEX swaps enabled by AMMs. It utilizes on-chain solver auctions and decentralized orders through API for liquidity sourcing.
The on-chain solver auctions enable third-party solvers to compete for swap completion using on-chain liquidity AMM pools or their own inventory. Decentralized orders from outside sources are tailored to meet the needs of institutional and professional traders looking for the best swap execution. Developed by the Orbs project, Liquidity Hub aims to provide unlimited access and composability.
With the integration of IntentX, users are granted unrestricted access to the network’s vast liquidity pool without incurring extra costs. The partnership between IntentX and Orbs highlights the industry’s dedication to innovation and accessibility.
As the alliance expands, users can anticipate improved liquidity provision and a smooth trading experience on IntentX. This collaboration is a reflection of the ongoing development and potential of the DeFi ecosystem.
