Dear Orbs community,
Paradigm team is happy to release v 1.0 of Orbs DeFi Portal!
Functionality of v 1.0 allows ORBS token holders to:
Swap ORBS tokens, become a liquidty provider;
Check current prices among most popular DEXes and CEXes and arbitrage;
Get all the necessary guidance to become part of DeFi movement on our blog;
Get updated on Orbs achievements in DeFi in your mailbox and on Twitter.
Let me break it down into details.
ORBS Liquidity Pools Dashboard
We integrated multiple resources to give liquidity providers and DEX users holistic view of the pools usage and dinamics:
The portal gets Uniswap and Balancer liquidity/volume data through The Graph;
DeFi Pulse provides analytical data, including fee returns and the number of swaps in each pool;
Pools.fyi calculates the latest 30-days ROI.
As you can see, in 3 months of ORBS/USDC pool operation the liquidity increased to 152K USD. Liquidity providers earned 336 dollars in fees. This is a low-fee pool with just 0,1% per swap, but the rate of return to liquidity providers is growing rapidly with the volume that has been increasing last weeks.
Cross-exchange price comaprison
As Coinmarketcap and Coingecko move at their own pace and fail to provide the data on fresh pools, it requires analytical skills and knowledge of different resources to accurately compare prices, especially taking into account that stablecoin prices may differ from actual USD value.
We’re taking ORBS token price on CEXes as well as USDC/USD rates through Coingecko APIs to help those purchasing ORBS from DEXes to avoid premium.
Arbitrageurs are welcome to stabilize ORBS price on DEXes taking advantage over price differences that occur on a daily basis.
Swap ORBS tokens right on the DeFi portal
When you push any of the “SWAP” buttons on our portal, an exchange page will open in front of you, either https://orbsdefi.com/balswapusdcorbs or https://orbsdefi.com/uniswapethorbs depending on the asset you chose. You will be given the pair you need right away. Few clicks - and the swap is done.
The beutiful thing about how it is build is that exchanging assets directly on Orbs DeFi portal does not compromise your security anyhow, as you are interacting directly with Balancer or Uniswap, while all the updates that leading DEXes push are automatically applied to Orbs DeFi portal as well.
We recommend using the latest version of Chrome browser. The wallets that you can use depend on the exchange. MetaMask that is used heavily in Orbs applications works perfectly. Among other options are: Coinbase Wallet, Formatic, Portis and WalletConnect.
Add liquidity to ORBS pools using the DeFi Portal
Same logic goes for adding liquidity to ORBS tokens in Uniswap and Balancer Pools. All you need is to choose the pair that you want to become a liquidity provider for. You will be redirected to the pool you need, and if you prepared your tokens, contribute to ORBS token liquidity on DEXes in a few clicks. On the top of the page, there is always an article on our blog, waiting to help in your DeFi journey.
Remember, this is how we can contribute to expanding Orbs community without any border restrictions that centralized exchanges have.
Guides on using ORBS token in DeFi applications and Orbs DeFi Portal Blog
If that sounds compicated for you, or you fear to do something wrong, do not worry! Just have a look at the articles we’re prepared for you over the course of the last months, we left hints everywhere you’ll need them.
Or simply click “HOW-TO” in the menu and get right to our beautiful blog.
That’s it for v 1.0. After getting feedback from the community, Paradigm AMM team will be more than happy to continue working with professionals from Orbs team and its flourishing community on further intergation of ORBS into DeFi ecosystem.
Read about the Orbs DeFi Portal project here.
Paradigm is an ecosystem comprised of a venture fund, research agency and accelerator focused on crypto, DLT, neuroscience, space technologies, robotics, and biometrics — technologies that combined together will alter how we perceive the reality.
Orbs is a blockchain infrastructure-as-a-service built for large scale consumer applications to meet their business and technological requirements. It is the first public permissionless network with hybrid architecture suitable for real businesses.
If you have any questions on how to add liquidity to Orbs or about the upcoming Orbs De-Fi portal, you are more than welcome to get in touch! We are always available in the Orbs Telegram chat.
This is not an investment advice.