Orbs Update September 2020

Eran Peled
Eran Peled

|

a year ago

blog

In this update: DeFi, DeFi, DeFi ⁂ Orbs Ecosystem Grant Program ⁂ Age of Guardians ⁂ State of the Network ⁂ Previews and Teasers ⁂ Hexa Foundation ⁂ Media Highlights ⁂ Meet the Orbs Team Vlog

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It's DeFi Time!

Hi everyone!

DeFi is definitely the hot yam right now, no question about that. The Orbs team has recognized the huge potential of DeFi and is now dedicating more time and resources to research this field.

In this issue, we will review the Orbs Ecosystem Grant Program (OEGP) and explain how the Orbs Network is suited to be integrated into DeFi projects in an optimal way.

However, this is not all, the team is already hard at work on several DeFi related projects - expect more news in this regard!

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Orbs Ecosystem Grant Program

Orbs is committed to advance the process of decentralization by involving even more developers and teams in the development of the Orbs ecosystem and is introducing the Orbs Ecosystem Grant Program (OEGP). We believe that the special features of the blockchain infrastructure of the Orbs Network and the incredibly strong and active community in the Orbs PoS Universe together provide a unique opportunity to interface and collaborate with DeFi protocols.

READ THE ORBS ECOSYSTEM GRANT PROGRAM PAPER

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.

Already we have seen a lot of interest in the OEGP, and we will update the community on the progress of this exciting enterprise.

Exploring DeFi with the Orbs Grant Program

In this blog post, Tal Kol lays down the Orbs team’s approach to DeFi and how the Orbs Network has an advantage over other infrastructure projects, as it is an ERC20 token built on Ethereum. This means that the ORBS token can be directly integrated with any major DeFi project – a task that would be very difficult for other projects such as EOS and Tezos to accomplish.

In addition, there aren’t many other PoS projects with tokens running on Ethereum. This gives the Orbs Network another interesting advantage. The use of governance tokens brings a lot of value in DeFi, take MKR for example. The Guardian community successfully assembled in the Orbs PoS Universe is able to supply secure decentralized governance backed by a very large community of staked delegators.

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Orbs PoS V2: The Age of Guardians

So far 13 Guardians have joined the PoS V2 Beta Program and are actively running V2 nodes.

All in all, the V2 Beta Period is progressing smoothly, and according to the schedule set by the team. A big thank you to all the V2 Guardians for their cooperation and hard work! 🛡

Beta Promotion Rewards

🏆🏆 August DAI distribution has been delivered to all V2 Guardians, as part of the Beta Promotion Rewards Program! 🏆🏆

You can learn more about Orbs PoS V2: The Age of Guardians in this OVERVIEW DOCUMENT

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State of the Network

We want to highlight again the huge milestone that the Orbs Network has achieved:

There are now OVER 1 BILLION ORBS tokens locked in the new staking contract. This is a new all-time high staking record for the Orbs Network!

A high staking percentage demonstrates confidence in the project by token holders as well as contributes to the security of the Orbs Network.

1 billion ORBS token staked represent approximately 50% of the ORBS circulating supply. This puts Orbs on the right path in terms of staking percentage when compared to some high profile PoS projects such as Cardano, Cosmos and Polkadot , as can be seen in the graph below:

*data from https://staked.us/

As always, here is our monthly reminder to all the ORBS Delegators:

Remember to Lock Your Tokens to get Rewards

FROM NOW ON ONLY LOCKED TOKENS WILL BE ELIGIBLE FOR STAKING REWARDS

Be sure to stake your tokens using the new Tetra wallet:

https://staking.orbs.network/

You can make sure that your tokens are properly locked here:

https://orbs-network.github.io/voting/reward

Learn more about the locking mechanism:

Introducing Locking When Staking Orbs

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Previews and Teasers

The team is working on a new and improved website. The main focus is revising the content per the recent developments in the project, such as Orbs PoS V2: The Age of Guardians, but also updating the overall design.

Here is a small teaser from the new website design. Wait until you see the finished product - you will be blown away!

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Hexa Foundation

For those of you who are unfamiliar with the work of Hexa Foundation, this chapter is for you -

Hexa Foundation is a non-profit organization focused on using blockchain to create social impact. The Hexa Foundation is part of the Orbs Group, Israel's largest blockchain group. The Hexa Foundation aims to use blockchain for social impact, harnessing the technology to help solve the region’s - and the world’s - most pressing humanitarian problems.

The Hexa Foundation produces top-notch research papers, as well as interesting and insightful blog posts.

For more information, visit the Hexa Foundation Website.

Here are 2 of the blog posts that have been published recently:

Blockchain against Child Abusive Imagery

Fighting for a better and safer world: The Hexa Foundation urges law enforcement to use blockchain to protect children:

Ensuring visibility and accountability -

How President Macron can really bring change to foreign aid

Using blockchain technology for the tracking of aid funds to ensure that they reach their desired destinations:

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Media highlights

Global Blockchain Business Council (GBBC)

Listen to Ran Melamed, Head of Biz dev at Orbs, talk about the Orbs blockchain-based Health Passport:

REIMAGINE 2020

The ever-exuberant Ran, this time talking at the REIMAGINE 2020 event about the Orbs project

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Meet the Orbs Team Vlog

We think it's important for the community to get to know the team members better, as well as receive constant updates on the work that’s been done.

Therefore, with the help of the wonderful Bar, we have decided to make periodic short videos with different members from the team, who will tell you a little bit about their background and talk about what they’ve been up to lately.

Last time, Bar interviewed Orbs co-founder Tal Kol, who is always interesting to listen to. In case you missed it, here it is:

This time, Bar is back for another episode with Ran Melamed, Orbs head of Business development (third time’s a charm). Listen to Ran give a short update on Orbs biz dev activities including the Orbs Health Passport, Partnership with the GBBC, and more...

If you have any questions for Tal, Ran, or any other member of our team, feel free to pop a question on the Orbs official Telegram channel, don’t be shy!

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Another month, another action-packed update.

As always, stay tuned to our social channels (twitter, Telegram) to keep up to speed with everything that’s going on in the project.

Until next time,

Yours truly,

-Eran

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