Orbs is now live on 1inch Exchange!

Eran Peled
Eran Peled

|

3 months ago

blog

We are excited to announce that the ORBS token is now available on 1inch Exchange!

1inch is one of the most popular and efficient DEX aggregators, allowing access to the most liquidity, lowest slippage and best exchange rates across the Ethereum, BSC and Polygon ecosystems.

img

The 1inch protocol provides aggregation information services on exchange protocols and networks. The core part of the protocol is the 1inch v3 smart contract, which performs runtime verification of transaction execution, and the Pathfinder algorithm, which finds the best trading paths across multiple markets, taking gas costs into account.

To date, 1inch has executed transactions worth over $50B in total volume, with over 240k total users and 2.3M in total trades. 1inch is connected to 3 networks (Ethereum, BSC, and Polygon), with over 88 liquidity sources.

Swapping Orbs on 1inch

Swapping Orbs on the 1inch exchange is super easy – simply choose the ORBS token from the default pull-down list. 1inch will automatically choose the optimized DEX rate to execute the order.

img

The Orbs-DeFi Ecosystem is Growing!

Orbs being live on 1inch exchange follows a series of successful integrations for the ORBS token in the DeFi space. These include among others:

Consequently, having Orbs connected to 1inch, one of the most popular DEX aggregators, will help users navigate the growing list of swapping alternatives available for Orbs across the available DeFi DEXs.

This is another important step to solidify the Orbs DeFi infrastructure needed for further growth of the Orbs-DeFi ecosystem.

About 1inch

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.

The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 50+ liquidity sources on Ethereum, 20+ liquidity sources on Binance Smart Chain and 7+ liquidity sources on Polygon. In less than two years the 1inch DEX aggregator surpassed $40B in overall volume.

The 1inch Aggregation Protocol facilitates cost-efficient and secure swap transactions across multiple liquidity sources.

The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers attractive opportunities to liquidity providers.

Find out more about 1inch here: https://1inch.io/

About Orbs

Orbs is a public blockchain infrastructure designed for mass usage applications and providing a complete blockchain stack. Combining scalability, low fees and isolation between virtual chains with a top-grade developer experience, online IDE and smart contracts in familiar languages, Orbs provide developers the perfect mix of performance, cost, security and ease of use. 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, which is 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.

Orbs has been very active in the DeFi space over the last year and is now introducing our first public DeFi innovation under https://nexus.orbs.com/. The idea behind the Orbs Liquidity Nexus is to implement single-sided farming that enables ETH/BNB only and Stablecoin only strategies. The full concept is described in detail in contracts/strategies/nexus/README.md.

For more information, visit https://www.orbs.com/

We use cookies to ensure that we give you the best experience on our website. By continuing to use our site, you accept our cookie policy.