November Update

Olga Chef
Olga Chef

|

a month ago

blog

Hey Orbs follower!

Get ready for a bunch of hot news, updates, successful integrations, releases and further expansion plans for Orbs project.

The last couple of weeks have been super fun, impressively productive and cool - the Orbs team enjoyed every moment of it!

Dive in this short read to share our fun & find topics that interest you :)

Take a look at some of the highlights:

📌 Orbs introduces a whole new layer L3 - a game-changer in DeFi

📌 Orbs goes live on Raydium

📌 Orbs farming & single stake goes live on Pangolin

📌 Pangolin moves Orbs to their V2 farms 

📌 Orbs releases Universe Gang NFTs Collection & Contest

📌 Orbs goes live on Snowball, an auto-compounder on Pangolin

Ready? Here we go!

How Orbs Hybrid Architecture Is Becoming a Game Changer in DeFi

Since making the shift to DeFi, Orbs has seen a rapid expansion of its ecosystem.

Orbs is now live on all 5 major layer-1 (L1) chains: Ethereum, BSC, Polygon, Solana, with Avalanche being the latest addition. This in turn accelerated the integration of the Orbs ecosystem with over 17 major DeFi protocols.

Orbs' DeFi interoperability plays a critical role for the next stage of the project's roadmap, which is based on a new and innovative concept and analysis of the current needs of the entire DeFi community.

Existing L1 and L2 infrastructure chains are, generally, all implemented as EVM smart contracts. These smart contracts are powerful in securing and processing TVL, but are very limited in their capabilities.

Orbs adds another layer on top of L1 and L2 (let's call it L3 for now) that can work in conjunction with other L1+L2 layers to enrich the capabilities of EVM-based smart contracts. Such a layer opens the door for many exciting and innovative applications in the DeFi space which are currently not available.

  1. The first infrastructure layer, L1 - like Ethereum - is in charge of security.

  2. The second infrastructure layer, L2 - such as Polygon - is in charge of scalability.

  3. The third infrastructure layer, L3 - is in charge of helping apps build and extract more value. This layer provides services to existing DeFi applications to enhance their capabilities. Orbs is in a strong position to be a major contributor here.

 

Orbs Goes Live on Raydium

After bridging the ORBS token into Solana, the next step is to integrate it with Solana's DeFi ecosystem.

Raydium: The Next Evolution of DeFi

Raydium is an automated market maker (AMM) built on the Solana blockchain which enables lightning-fast trades, shared liquidity and new features for earning yield.

Raydium has a Total Value Locked of over $2B, with daily trading volume exceeding $250M.

There is currently one Orbs pool on Raydium for ORBS-SOL, with a total liquidity of ~$57K.

You can read more here.

Avalanche integrations & further expansion: Orbs farming & single stake goes live on 

Pangolin

Pangolin users can now farm PNG tokens on the ORBS-AVAX pool and earn ORBS tokens in Pangolin's 

Single-stake feature!

After recently adding the Orbs tokens to their platform, Pangolin is now launching farming and Single-stake for ORBS.

Users can now farm Pangolin's native token, PNG, by providing liquidity to the ORBS-AVAX pool which can then 

be staked to earn ORBS tokens.

The launch of ORBS farming and staking by Pangolin, one of the leading DEX-AMMs on the Avalanche network, 

is another important step to solidify the Orbs community's presence on Avalanche. This follows other 

successful protocol integrations on the Avalanche network such as AvaScan and Trader Joe.

In addition, Pangolin has recently announced their V2 farms and chose the ORBS-AVAX pool to be included in 

their V2 launch.

Orbs releases Universe Gang NFTs Collection & Meme Contest

Orbs has released a brand-new NFT collection - Orbs Universe Gang, designed and dedicated to the Orbs 

Community.

You can also view the entire collection on OpenSea in the following link.

Hence, we've started an exciting series of contests to give out the entire collection to the community. 

Every couple of weeks, a new contest will be held to choose the lucky winners.

Meet the Orbs Universe Gang NFT collection - 77 exclusively designed Orbso NFT cards, including a gang of 70 basic NFTs - 

Orbso Mobsters (divided into seven groups of ten), plus a special and even more exciting group of 7 unique NFTs - 

Orbso Bosses.

To Enter the Contest:

1️⃣  Create an awesome #Orbs Meme/Artwork 2️⃣  Share your Meme/Artwork on Twitter and tag @orbs_network 3️⃣  Like @orbs_network on Twitter  4️⃣ RT & like 5 tweets posted by @orbs_network

Fill out information for participants in contest #1 in this FORM:

🎯 Winners: 7 Starts: November 25th, 10:00 UTC Time ⏰ Ends: December 2nd, 10:00 UTC Time 🏆 Prize: each winner will get one NFT from the Orbso Mobsters NFT cards collection shown below:

 Orbs goes live on Snowball, an auto-compounder on Pangolin   

Orbs is now available on Snowball Finance - a yield optimizer and a new AMM DEX running on the 

Avalanche Network. Snowball allows users to automatically compound PNG rewards several times a day. 

Check more here.

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

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:

🔗 Social Channels:

Telegram official channel Telegram Announcements Twitter YouTube Japanese chat (LINE) Korean chat (Kakao) Discourse (Orbs Universe members talk)

🌎 Our Official Websites:

Orbs website Hexa Foundation

You'll be hearing from us soon!

Until next time!

Please Note

Use of Raydium, the Solona Blockchain, Pangolin, Snowball Finance, the Avalanche blockchain and the other platforms and services described above carries significant risk. Digital assets and decentralized finance products are, by their nature, highly risky, experimental and volatile. Such platforms and services may be subject to security and economic risks and exploits and transactions may be irreversible, final and without refunds. Such use carries risk of substantial losses. Without limiting the generality of hte foregoing, such risks may include lack of stability or other technical issues resulting from upgrades of the Solona blockchain to a new version or the launch of its non-beta MainNet.

Any use of any platform, application and/or services described above is at your own risk and you are solely responsible for all transaction decisions. You should do your own research and independently review any third party services and platforms and any applicable information terms, conditions or policies applicable to such platforms and services.

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