We are excited to announce that the ORBS token is now available on the Kyber Dynamic Market Maker (DMM)!
Kyber Network recently unveiled the mainnet beta release of their long-awaited Kyber Dynamic Market Maker (DMM) protocol, aimed to provide frictionless crypto liquidity with greater flexibility and extremely high capital efficiency.
The Kyber DMM can be up to 100x more capital efficient than typical AMMs by implementing the following novel features and advantages into its protocol:
Swapping Orbs on the Kyber DMM is extremely easy: simply choose the Orbs token from the token selection list – you will find it in the default list of tokens provided in the user interface.
In addition, anyone can create a new Orbs pool or add liquidity to an existing pool. The process is intuitive and fully open & permissionless.
One important detail to take note of is the amplification factor (amp) which determines the virtual balances of the pool. An unamplified pool (amp = 1) covers an infinite price range, while higher amp factors can be used for better capital efficiency. Each pair can have multiple pools, with different amplification factors.
Kyber Network aims to deliver a sustainable liquidity infrastructure for DeFi. As a liquidity hub, Kyber connects liquidity from various protocols and sources to provide the best rates to takers such as Dapps, aggregators, DeFi platforms, and retail users.
Anyone can contribute liquidity to Kyber Network and Dapps can integrate different protocols depending on their liquidity needs. Using Kyber, developers can build innovative applications, including instant token swap services, ERC20 payment flows, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber is powering more than 100 integrated projects and has facilitated over US$5 billion worth of transactions since its inception.
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 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.
For more information, visit https://www.orbs.com/