Orbs February 2022 Update

Olga Chef
Olga Chef

|

3 months ago

blog

Hey Orbs followers!

For Orbs the month of February was very productive, fulfilling and fun!

Let's dive into a short recap together and see which updates made some noise ๐Ÿค“

๐Ÿ“Œ Orbs builds the World's First Multi-Chain Staking with Ethereum and Polygon!

๐Ÿ“Œ The Open DeFi Notification Protocol adds support for Alpaca Finance and Pangolin

๐Ÿ“Œ Tetra Wallet Infinite Approve that addresses key feedbacks from the community is Live!

๐Ÿ“Œ Orbs Is Featured on Bubble Maps V2 by Moonlight - a new tool the community can use to explore the on-chain activity of the project.

๐Ÿ“Œ We have updated Orbs' Media Page ๐Ÿฆพ that covers all the top media headlines Orbs has hit!

๐Ÿ“Œ The #3 Orbso NFT Contest attracts even more participants. Lucky winners got their rewards ๐Ÿ†

๐Ÿ“Œ Orbs hits 55K followers on Twitter!

Orbs Builds the World's First Multi-Chain Staking with Ethereum and Polygon

As you know, Orbs utilizes Proof-of-Stake to secure its consensus layer. The newest development is that Orbs is building the world's first Multi-Chain Staking, with both Ethereum and Polygon. To pioneer this vision,.

So, how does this work under the hood? let's do a short recap of the Orbs PoS mechanism:

๐ŸŒ Orbs V1: Launched in March 2019, the first version of Orbs Proof-of-Stake ran as an Orbs virtual chain executed by Orbs' own validators, similar to other popular PoS networks like EOS, Tezos and Cosmos.

๐ŸŒ Orbs V2: Introduced Orbs innovative hybrid model of PoS over PoW, by adding the security of Ethereum's PoW to verify the Orbs' election results. By harnessing the power of Ethereum, we utilized Ethereum's own ironclad security to increase the security of our own protocol.

๐ŸŒ Orbs V3: PoS over Ethereum + PoS over Polygon is setting a new bar --- expanding PoS elections to Polygon and creating the world's first PoS multi-chain implementation that spans 3 chains: Orbs, Ethereum and Polygon!

Read all about the world's first PoS implementation that spans 3 chains: Orbs, Ethereum and Polygon in the full blog.

The Open DeFi Notification Protocol adds support for Alpaca Finance and Pangolin

๐ŸŒThe Open DeFi Notification Protocol, powered by Orbs, now supports AlpacaFinance (has over $800M in TVL), the largest lending protocol for leveraged yield farming (LYF) on BSC.

๐ŸŒOpening an LYF position carries certain risks, primarily the risk of liquidation.

๐ŸŒUsing the Open DeFi Notification Protocol, users who take a loan can now set up a "position health" notification which will issue an alert once their safety buffer drops below a specified threshold. In this way, users have 24/7 monitoring of their position health!

๐ŸŒPangolin users can also receive real-time notifications for their positions to better manage their trading strategies and risk.

๐ŸŒThere are currently two types of Notifications available for Pangolin:

  1. Pending Reward: Get notified when your PNG farming or staking rewards are above a specified threshold.

  2. Position Worth: Track your open positions total worth to take profit or to protect against losses.

Read all about the available notifications in the full blogs:ย 

Tetra Wallet: Infinite Approve is Now Live!

๐ŸŒ Orbs PoS V3 multi-chain staking proposal on Ethereum and Polygon addresses the key feedback from the community following the V2 launch: the substantial increase in ETH price and soaring gas prices for Orbs Delegators.

๐ŸŒ One of the action items for Orbs PoS V3 was revamping Tetra, the official staking wallet by the Orbs team. As part of this revamp, the Orbs team also addressed an additional feedback from the community regarding the staking flow - specifically the "Approval" step.

๐ŸŒ From now on, the ORBS approval transaction will be required only when staking ORBS for the first time, after which it will no longer be needed when re-staking.

Read everything about the new staking flow on Tetra in the full blog.

Orbs Is Featured on Bubble Maps V2 by Moonlight

๐ŸŸฃ Bubble Maps is a powerful visualization tool for Orbs on-chain analytics that enables to explore on-chain activity by providing different token contracts with a map that shows how top holders have interacted with each other, revealing deeper connections between wallets.

๐ŸŒFeaturing Orbs on Bubble Maps provides the Orbs community with another helpful tool that can assist users to visualize ORBS token activity across a wide range of wallets.

๐ŸŒBubble Maps joins other on-chain tools and features that are already accessible to the Orbs community: PoS analytics, Staking info, and the Orbs community console by flipside.

Discover all the Bubble Maps features in the full blog.

Announcing the New Orbs Media Page

๐ŸŒWe've recently added the Orbs' Media Page on Orbs Network website. Orbs announcements frequently draw attention from top-tier media sources and news channels, here're some of them:

๐ŸŒTherefore, we decided to add the Orbs' Media Page to make it easy to find all of Orbs media mentions in one place; it already covers more than 100 big announcements, featuring various aspects of the Orbs' project.

๐ŸŒ Visit our Media Page and check more details in the full blog post.

Orbso Third NFTs Contest

๐ŸŒ We're continuing the exciting series of contests to give out the entire Orbs Universe Gang NFT collection designed and dedicated to the Orbs community.

๐ŸŒ This time, our participants shared their own experience of using the DeFi Notifications app - making a short videos of themselves, setting up a DeFi Notification alert for their favorite defi protocol.

๐Ÿ† Prize: winners got one NFT from Orbso Mobsters NFT cards collection. You can also view the entire collection on OpenSea.

Read everything about the Third Contest here.

Orbs Hits 55K Followers on Twitter!

๐ŸŒOrbs has just hit 55K followers on Twitter! We are excited to keepย  engaging with even more members of the community!๐Ÿ™๐Ÿ‘Œ๐Ÿป๐Ÿคฉ

And of course, there's so much more coming soon! Keep following and don't miss any important updates

Look for the Orbs team on social media - we're always here for our community - answering questions, providing support and trying to reach out to new participants. Want to talk to us? You can find us on the following:

๐Ÿ”— Social Channels:

Telegram official channelย  Telegram Announcementsย  Twitter YouTubeย  Japanese chat (LINE) Korean chat (Kakao) Discourse (Orbs Universe members talk)

๐ŸŒŽ Our Official Websites:

Orbs websiteย  Hexa Foundation

You'll be hearing from us soon!

Until next time!

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