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Combining scalability, low fees and isolation between virtual chains with a first-grade developer experience, online IDE and smart contracts in familiar languages, Orbs provides developers the perfect mix of performance, cost, security and ease of use.

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Latest Blog Posts

Tetra Wallet: Infinite Approve is Now Live

Eran Peled

|

a year ago

Hello Orbs community!

Orbs recently announced its latest protocol update proposal for multi-chain staking on Ethereum and Polygon.

This proposal addresses one of the key feedbacks from the community following the V2 launch: the substantial increase in ETH price and soaring gas prices for Orbs Delegators. The multi-chain staking solution proposed by the Orbs team is expected to completely mitigate the current high Ethereum gas costs for Orbs Delegators interacting with the Orbs staking contracts. The end result will allow Orbs Delegators to have the ability to choose between staking on Ethereum and staking on Polygon, based on their own personal preferences and considerations.

One of the action items for Polygon staking is revamping Tetra: the official staking wallet by the Orbs team. As part of this revamp, the Orbs team also took the time to address one other feedback from the community regarding the staking flow - specifically the “Approval” step.

Improved Staking Flow

Up until now, each time an Orbs Delegator wanted to stake ORBS on Tetra, he had to send an “Approve” transaction for his ORBS tokens in order to allow Tetra to stake the ORBS. Originally, this was designed as a security feature, as it is good practice to not leave open token approvals when interacting with smart contracts.

We received a lot of feedback from the community that this step is redundant and only puts additional costs for Orbs Delegators. It is true that for most protocols, like DEXs for example, there is only a 1-time approval when swapping tokens.

As a result, the team has updated Tetra architecture and, from now on, the ORBS approval transaction will be required only when staking ORBS for the first time, after which it will no longer be needed when re-staking(*).

*Orbs Delegators can always remove the ORBS token approval using existing tools such as approved.zone.

Here is the new staking flow on Tetra -

1) First time ever Staking:

Connect Metamask Wallet with TETRA -> Select a Guardian (Transaction #1) -> Approve ORBS token usage (Transaction #2) -> Stake ORBS (Transaction #3)

2) Additional Staking (Improved flow):

Connect Metamask Wallet with TETRA -> Stake ORBS (Transaction #1, no approval needed)

A Community Effort

As always, we are attentive to feedback from the community. The Orbs Network is a community-based project and cannot succeed without the collective effort of all participants, including the Orbs development team, Guardians, users and token holders.

The Orbs team is extremely excited about the upcoming upgrades to its staking architecture which will put Orbs as the first protocol to have its PoS mechanism deployed on multiple chains.

Stay tuned for more information and updates in the official Orbs telegram channel.

Orbs January 2022 Update

Olga Chef

|

3 months ago

Hey Orbs followers!

The first month of the year has brought with it new beginnings, exciting events, challenging projects and integrations.

Let's dive in this short recap together and see which updates you like the most 🤓

Take a look at some of the highlights:

📌 Orbs Multi-chain Staking Proposal makes the headlines of the top media sources!

📌 The Open DeFi Notification Protocol, powered by Orbs, Launches Public Beta

📌 Leading DeFi protocols are integrating their platforms into the Open DeFi Notification App

📌 QuickSwap Launches a Dragon's Syrup Pool for Orbs

Orbs Introduces Multi-chain Staking Proposal

🔹The Orbs team proposed utilizing Orbs' hybrid architecture and cross-chain properties to deploy multi-chain Orbs PoS staking, adding Polygon to the existing staking on Ethereum.

🔹The multi-chain staking solution proposed by the team is expected to completely mitigate the current high Ethereum gas costs for Orbs delegators interacting with the Orbs staking contracts.

🔹The end result will, if accepted by the ecosystem, allow Orbs Delegators to have the ability to choose between staking on Ethereum and staking on Polygon, based on their own personal preferences and considerations.

🔹Having the Orbs governance mechanism deployed on multiple chains is a revolutionary and bold move by the Orbs project which conforms with Orbs vision of interoperability across the crypto space.

🔹Right after the proposal release, top media sources featured the event. Read more on: Investing.com, Yahoo, CoinCodex.

Read all about Orbs Multi-Chain Staking on Ethereum and Polygon in the full blog.

The Open DeFi Notification Protocol, powered by Orbs, Launches Public Beta!

🔹The Open DeFi Notification Protocol is a community inspired initiative spearheaded by DeFi.org, to provide users with decentralized and free mobile notifications for crucial on-chain events:

✅ Free for use --- no subscription fees or ads!

✅ Dependable --- never miss an alert

✅ Multi network support --- Ethereum, BSC, Polygon and more

✅ Community-led and open --- public and decentralized alert nodes

🔹We believe that real-time DeFi notifications are a critical piece of the DeFi infrastructure puzzle and its impact on the industry will be massive.

🔹Orbs is excited to be the first project to implement the protocol and contribute to the success of this initiative as part of Orbs' Layer-3 innovation!

🔹The Open DeFi Notification Protocol is now available on both AppStore and Google Play. You're welcome to check it out and try it for yourself.

🔹Right after the launch, top media sources featured the launch. Read more on: Bloomberg, Yahoo, Nasdaq.

Read all about it in the full blog.

Leading DeFi Protocols are Integrating their Platforms into the Open DeFi Notification App

🔹Right from the launch of the Open DeFi Notification Protocol, we already have leading DeFi protocols having their platform integrated into the Notification App! 🦾😎

Launch Partners:

Orbs, QuickSwap, TraderJoe, Dot.Finance, DinoSwap, Revault Network, WOWSwap, KogeFarm

Supported Networks:

Ethereum, Polygon, BSC, Avalanche

QuickSwap Launches a Dragon's Syrup Pool for Orbs

🔹One of the first Orbs integrations was with Polygon. It has been accomplished by bridging the ORBS token into Polygon, and then integrating the bridged Orbs token with QuickSwap, the Polygon DeFi ecosystem's biggest and most active DEX-AMM.

🔹Next, the Orbs Dragon Syrup Pool on QuickSwap went live! The "Dragon's Syrup" program by QuickSwap enables $QUICK token stakers to earn extra rewards by staking their $dQUICK (the asset you receive when you deposit your Quick into the staking contract) to earn tokens that are traded on the DEX.

🔹To make things simple: you can now stake your dQUICK to earn ORBS tokens under 'Farms -> Dragon's Syrup' tab.

Read all about it in the full blog.

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 the 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.

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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