On May 30, 2024, in Tel Aviv, Israel, a groundbreaking solution called Perpetual Hub was introduced to the market. Unlike previous solutions that relied on order books or virtual liquidity mechanisms that lacked efficiency, Perpetual Hub offers a comprehensive suite of tools that empower traders to maximize the value of on-chain perpetual futures using an intent-based model. Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced layer-three technology, enabling traders to execute perpetual futures on-chain with the same level of efficiency as traditional centralized finance (CeFi) platforms.

Ran Hammer, the vice president of business development at Orbs, expressed his excitement about the launch, stating, “This breakthrough opens doors that were previously barriers in the blockchain industry. Perpetual futures trading is incredibly popular, and we now provide the best on-chain solution for perpetual traders. We are committed to maintaining our reputation as leading experts in decentralized finance (DeFi) and Web 3.0, and we aim to bring the entire world onto the blockchain.”

Perpetual Hub caters to a wide range of entities, including traders and market makers, by offering three main components: Hedger, Liquidator, and Price Oracle. Hedger acts as a market maker, utilizing a SYMM-powered front-end to provide liquidity by fulfilling user orders. As the counterparty to trades, Hedger can tap into external liquidity sources, such as centralized exchanges like Binance, to offer unparalleled liquidity.

The Liquidator component enables users to liquidate a trader’s position if the collateral value falls below the maintenance margin threshold. Liquidators receive a liquidation fee as compensation for providing this service.

The third component, Price Oracle, ensures accurate pricing for perps trading by providing reliable on- and off-chain data. Price oracles are crucial for determining unrealized profit and loss, identifying liquidations, and facilitating precise order execution. A fully decentralized and reliable price oracle is essential for the smooth operation of Perpetual Hub’s core functions.

All three software solutions harness the decentralized power of the Orbs Network, which includes guardians and a proof-of-stake ecosystem. This enables platforms, market participants, and other third parties to offer and operate a wide range of decentralized services for perpetual futures trading.

Currently, the total value locked (TVL) in on-chain derivatives is $3.4 billion, a fraction of the overall TVL in the DeFi market, which stands at approximately $100 billion. Perpetual Hub has the potential to revolutionize every aspect of perpetual futures trading, from pricing to order execution. These enhancements will increase trust in on-chain perps markets, boost the TVL, and provide a safer and more user-friendly trading experience.

Orbs, the creator of Perpetual Hub, is a decentralized layer-three blockchain infrastructure specifically designed for advanced on-chain trading. By bringing CeFi-level execution to DeFi, Orbs optimizes trading by aggregating liquidity, offering advanced trading orders, and introducing on-chain derivatives. Orbs enhances the capabilities of both Ethereum Virtual Machine (EVM) and non-EVM smart contracts without the need to transfer liquidity to a new chain. This unique setup acts as a decentralized backend that brings CeFi-level execution to DeFi trading.

For more information, please visit the official website.

Contact:
Ran Hammer, Vice President of Business Development at Orbs

Disclaimer: This content is sponsored and should be considered promotional material. The opinions and statements expressed in this article are those of the author and do not necessarily reflect the views of The Daily Hodl. The Daily Hodl is an independent platform and is not owned by or affiliated with any ICOs, blockchain startups, or companies that advertise on our platform. Investors are advised to conduct their own due diligence before making any high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please be aware that your investments are at your own risk, and you are responsible for any losses you may incur.

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