Orion Pool Users to Gain Access To Trading, Swapping, Staking, & Voting From A Single Dashboard
July 27 2021 - 11:42AM
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Orion Protocol recently launched its AMM solution, Orion Pool,
powering multiple crypto-related activities from a single user
interface. The platform has integrated leading swap pools, DEXs,
and CEXs, constructing the first decentralized gateway to the
entire cryptocurrency market. A New Age Of Decentralized Finance
From One Interface With Bitcoin and other cryptocurrencies on the
rise, the blockchain ecosystem is flooded with centralized and
decentralized exchanges. As a result, users find it increasingly
difficult to manage multiple wallets, monitor price movements, and
execute orders across exchanges. While centralized exchanges (CEXs)
are the most preferred solution for trading cryptocurrencies,
governments and financial regulators worldwide are clamping down
hard on CEXs, making it difficult for the platforms to operate in
several jurisdictions. CEXs store data in centralized security
processes, making them an easy target for cybercriminals. Moreover,
registering an account on a CEX is a clunky and frustrating
process, with several complications of KYC, AML, and other
regulatory verifications. DEXs, on the other hand, solve the
problems of CEXs, offering users complete control over their funds.
However, using DEXs requires a decent understanding of the DeFi
ecosystem. To address these problems and improve accessibility,
Orion Protocol has launched its proprietary AMM solution, Orion
Pool, establishing itself as the only platform that offers users
decentralized access to swap pools, DEXs, and CEXs in one
destination. Following the launch of the Orion Pool, Orion Terminal
now offers traders a single portal for trading, staking, swapping,
and governance voting. This means users no longer have to create
multiple accounts across exchanges or undergo several KYC and AML
checks. The benefit is access to the best available pricing in the
market at any time through Orion Pool. A Gateway To The Entire
Crypto Market Constructed on top of Ethereum and Binance Smart
Chain (BSC), Orion Protocol is currently integrating Avalanche,
Cardano, Elrond, Fantom, HECO, PancakeSwap, Polkadot, SushiSwap,
and Uniswap to its ecosystem to add more liquidity to the Orion
Terminal. Orion Pool initially launched its multi-asset liquidity
pool with ORN/ETH, ORN/BUSD, ORN/BNB, and ORN/USDT pairs. A week
later, the platform introduced its dollar-pegged stablecoin, USDo,
to add more utility to the native ORN token. These stablecoins are
minted by staking ORN and eventually used as the base token for all
trading pairs within the Orion Terminal. By partnering with
verified brokers and exchanges, Orion Terminal allows everyone to
trade through major exchanges, such as Binance and KuCoin, without
the need for multiple wallets or KYC. This is made possible by
Orion’s proprietary Delegated Proof of Broker governance mechanism.
Pre-verified brokers and exchanges execute trade orders on behalf
of the users through the Orion Broker Software. The system
auto-picks traders based on the ORN they have staked, following
which smart contracts take care of the transactions. This ensures
that exchanges don’t gain access to user’s accounts while granting
users access to trade DEXs, CEXs, and swap pools without multiple
accounts. Although there are already several other liquidity
aggregators, Orion Protocol has cemented itself as the first and
only platform to provide global and decentralized access to the
entire crypto market. As the platform forges ahead with plans to
integrate more chains into its ecosystem, Orion Protocol intends to
play a key role in shaping cryptocurrency adoption globally.
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