SpookySwap and THENA Each Launch Perpetual Trading via Orbs' Perpetual Hub Ultra
Orbs' latest flagship protocol, Perpetual Hub Ultra, enables DEXs on any EVM chain to complement their spot markets with the addition of perpetual trading. Ultra's plug-and-play design brings deep liquidity to DEXs, enabling users to access leverage within a familiar trading environment.
Both SpookySwap and THENA, have a track record of integrating Orbs protocols, previously integrating dLIMIT and dTWAP to expand their spot trading offerings. Now, with the rollout of Perpetual Hub Ultra, they are further evolving their platforms by introducing on-chain perpetual trading across more than 300 trading pairs, powered by Orbs' Layer-3 technology.
Sonic users can now trade intent-based perpetual on SpookySwap, with Orbs' composable tech stack seamlessly orchestrating the entire process. Orders are filled by the Hedger, which draws liquidity from external sources, including centralized exchanges such as Binance. Positions are managed by the Liquidator, tasked with checking collateral and margin thresholds. Perpetual Hub Ultra is completed by the Price Oracle, which provides accurate unrealized profit and loss (PnL) data for efficient position management.
BNB Chain users can also access perpetual trading on THENA, whose integration of Perpetual Hub Ultra is now live. All 300+ pairs that Orbs facilitates are available, enabling traders to enter leveraged positions for popular tokens, such as $PUMP, that aren't natively supported on BNB. Symm.io's smart contract infrastructure is combined with Orbs' infrastructure to provide a decentralized and highly liquid trading experience.
Orbs CBO Ran Hammer said: 'We're delighted to see SpookySwap and THENA move quickly to integrate Perpetual Hub Ultra with full support from Orbs. These integrations bring a powerful onchain primitive to the Sonic and BNB Chain ecosystems that allow DEX users to access perpetual markets with deep liquidity and support for hundreds of assets. As Perpetual Hub Ultra is rolled out across more EVM chains, it will provide access to perpetual trading that is decentralized, secure, and fully customizable to suit the needs of leading DEXs.'
Perpetual Hub Ultra has the potential to boost trading volume for DEXs that integrate the protocol, helping exchanges attract new users and grow revenue without the need to bootstrap on-platform liquidity, thanks to its intent-based architecture.
Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced onchain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs powered protocols such as dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to onchain trading.
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