FAQ

General
General
  • What is Orbs?

    Orbs offers the winning blockchain stack, providing the perfect mix of performance, cost, security and ease of use, while harnessing the power of community, decentralization and distribution.

    Orbs is a public blockchain infrastructure designed for mass usage applications and close integration with EVM-based L1’s such as Ethereum and Binance SmartChain. Unlike private and permissioned blockchain solutions typically used for such applications, the Orbs infrastructure is open and permissionless. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect validators (who are referred to as “Guardians”) in a secure and decentralized manner.

    Founded in 2017, Orbs is being developed by a dedicated team of more than 30 people out of Tel Aviv, Israel, London, UK, Singapore, Tokyo, Japan and Seoul, South Korea. Orbs was named Gartner’s “Cool Vendor in Blockchain Technology” for 2018. Find out more about Orbs here.

  • What is the connection between Orbs and Ethereum?

    Orbs is an ERC20 token but has its own mainnet.

    Orbs is designed as a hybrid blockchain, maintaining both an independent blockchain and PoS architecture, as well as utilizing the Ethereum network as an external objective blockchain for the PoS logic. ORBS token, staking, delegation and voting operate over Ethereum contracts. This PoS over Ethereum architecture provides multiple advantages, including a high level of transparency, ease of subscription payments and staking, additional security and ensuring the integrity of elections.

  • What are some of Orbs technological innovations?

    The Orbs project includes a full blockchain stack designed and implemented from scratch by the core team, and is not a fork of any existing solution. The project is active on open source with about 150 repositories publicly available on Github.

    Orbs developed a set of advanced technologies to make its vision possible: Virtual Chains, PoS over Ethereum, Cross-Chain Interoperability, Non-Deterministic Execution, and Web Oracles and Off-Chain Interoperability.

    Read more here.

  • What is the ORBS tokens distribution?

    This document explains the use of the ORBS token, the total supply, and distribution pools.

  • Which exchanges support Orbs?

    Orbs is listed on tier 1 exchanges such as KuCoin, FTX, and more…

    You can find the full list here

Orbs POS Universe
Orbs POS Universe
  • What is Orbs POS V2?

    The Orbs PoS Universe is the backbone of the Orbs network and the Universe that is being created. Orbs’ current PoS model - “Orbs Universe V2.5: The Age of Guardians”, empowers the Orbs Universe Guardians to take an active role in building and maintaining a secure, scalable network, that will be the first choice for blockchain adoption. In V2.5, the POS ecosystem is centered around two core roles – Guardians and Delegators.

    Here you can find more details on the Orbs PoS architecture: Overview of the Orbs POS V2 Universe

    Orbs V2.5 Update - Combating the Gas Storms

  • How do I stake my ORBS tokens?

    TETRA is Orbs’ dedicated staking wallet, from which any ORBS holder can easily stake tokens with a Guardian of their choice.

    Link to Tetra wallet

    You can find a comprehensive tutorial on how to use the Tetra wallet here

  • Which Guardian should I delegate to?

    In order to participate in the Orbs universe, token holders are required to stake their tokens and select a Guardian to delegate their voting power to. Orbs Guardians represent the Orbs community; they maintain the security of the network and uphold its long term vision. Therefore, it is important for Orbs Delegators to choose a trustworthy and active Guardian.

    Learn more on how to choose a Guardian here

  • Is there a locking period?

    Orbs' locking period, of 14 days is in place to assure that participants in the PoS ecosystem are committed to the network and maintain its security. Delegators are not expected to unstake their tokens until they decide to leave the PoS ecosystem and transfer them to another use or an exchange. If a delegator does decide to leave, only then there will be a 14 days cooldown during which the tokens are not staked anymore and do not receive rewards. This is similar to other leading PoS systems such as Cosmos or PolkaDot.

    Here is a comprehensive paper on the Orbs PoS staking mechanism

  • How does the Orbs rewards distribution work?

    The fees and rewards in the Orbs Proof-of-Stake architecture serve two important purposes. The first is compensation for operating a validator node. The second is a reward for contributing to network security by staking.

    Staking rewards are awarded for the stake that Guardians and Delegators allocate to contribute to the network’s security. A maximum annual reward equal to 12% of total delegated stake is awarded, subject to an 80M Orbs Token cap, addressing the tradeoff between an appealing incentive and sustainable inflation.

    Read more on the Orbs POS V2 reward system

    You can use this staking calculator by Staking Rewards.

  • How can I become a Guardian?

    Orbs Guardians represent the Orbs community; they maintain the security of the network and uphold its long term vision. As the most significant stakeholders in the network, they are most suitable to provide enterprise business applications the required security and availability.

    Guardians are expected to build a community of Delegators that trust them to truthfully represent their and the network’s interests.

    For instructions use this link

Tetra Staking Wallet
Tetra Staking Wallet
  • What is Tetra?

    In order to participate in the Orbs universe, token holders are required to stake their tokens and select a Guardian to delegate their voting power to.

    In order to simplify the interaction with the staking contract, the Orbs team developed the Tetra wallet, with a simple and convenient interface. The Tetra staking wallet allows you to stake your tokens and select a Guardian to delegate to.

  • Can I use Tetra from my favorite wallet?

    Yes! Tetra has now also been made available on desktop and mobile (android and iOS) through a variety of other platforms, enabling the community to stake with even greater ease, including:

  • How do I use the Tetra wallet?

    You can find a comprehensive tutorial here

    Don’t hesitate to contact us on the Orbs official telegram channel if you require further support.

  • Does TETRA wallet charge any fees?

    The TETRA staking wallet does not charge any fees. However, the staking process involves using smart contracts on the Ethereum network subject to gas fees. In addition, the rewards distributed by Guardians may vary, so be sure to choose your Guardian carefully.

Technology
Technology
DeFi
DeFi
  • What is Liquidity Nexus?

    Liquidity NEXUS is the newest DeFi project by the Orbs team. The idea behind the Orbs Liquidity Nexus is to implement single-sided farming in order to enable ETH and USDC only strategies on any DEX.

    Read more about Orbs Liquidity Nexus to learn exactly how it works: Introduction, Part 1, Part 2, Part 3. If you prefer code, see the contracts on Github or an example harvest.finance vault that utilizes them to get a high yield on ETH.

  • What is the connection between Orbs and the DeFi.org accelerator?

    On January 11, Orbs and Binance exchange announced that they are teaming up to promote innovation in the decentralized finance (DeFi) space by serving as the first core sponsors of the DeFi.org accelerator, which bootstraps new projects and DeFi protocols.

    The DeFi.org Accelerator is dedicated to supporting research, development of open-source software, and community engagement. The accelerator looks for projects that are built on the principles of fair distribution, community ownership, innovation, responsible approach to risk, sustainable economics and composability with the broader ecosystem

  • Where can I find more info on Orbs and DeFi?

    The Orbs DeFi Portal is a project by one of the Orbs project prominent contributors: Paradigm Fund. The portal aggregates everything you need to know about Orbs and DeFi in one place - real-time market data for Orbs liquidity pools, Education materials and how-to manuals for swapping and adding liquidity, research papers, and more...

  • How can I get involved in Orbs DeFi projects?

    As a decentralized project, Orbs understands the power in community contributions and is always looking for ways to further expand the number of contributors developing the network and ecosystem.

    In August 2020, the Orbs team announced the Orbs Ecosystem Grant Program (OEGP), which is intended to involve even more developers and teams in the development of the Orbs ecosystem. Any team or individual can submit a proposal to receive a grant for DeFi projects that may integrate with Orbs ecosystem. Such projects include among others: Liquidity pools, collateral-backed loans, oracles, and more. Once submitted, the Orbs team will evaluate the proposal and approved applications will have the means to carry out their project in collaboration with the Orbs team.

  • Can I use Orbs on Binance Smart Chain?

    Yes!

    The ORBS token is now available on Binance Smart Chain (BSC) and can be swapped from the Ethereum mainnet to the BSC mainnet and back. This integration is a result of work done by multichain.xyz utilizing the cross-chain bridge infrastructure they have developed.

    The ORBS token is also available on PancakeSwap, one of the most popular DEX/AMM on BSC. The Orbs team is working on expanding the Orbs integration into BSC.

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