Orion Terminal — Aggregating the Liquidity and Making the Trader’s Life Easier
Introduction
Usually the trader, before making his trade, seeks the best offer, which is called price discovery. This discovery of the selling or buying price of a token tends to take time, even when using a platform that aggregates the best offers.
When a trader is urgently needed to make a trade, delays make a big difference, including the risk of missing out on a good trade.
In addition, after identifying the best trading platform, the user must make sure he has an account on the exchange, if the best offers are on a centralized exchange (CEX). Often CEXEs, although they have the drawbacks of trading restrictions, KYC and other regulations, are very important as they allow users to use trading strategies such as limit order, which is a reality far from some decentralized exchanges (DEXes) and impractical in automated market makers (AMMs).
Also, if you see an arbitrage opportunity between two exchanges, you will need to buy the crypto on one exchange where the price is cheaper and sell the crypto on another exchange where the price is more expensive. These operations, in addition to requiring network fees due to the transfer of tokens, can also make arbitrage unfeasible, since in networks such as Ethereum, congestion is common and can lead to loss of opportunity to arbitrate.
Broadening the discussion of price discovery and arbitrage opportunities for security, we can also identify some issues. In DEXes, the custody of assets is exercised by the holders themselves, much better ans safe than the CEXes that are responsible for the custody of your assets. However, a common problem with DeXes is the low liquidity they have compared to CEXes and the absence of platforms that provide a market maker service to increase the liquidity of certain assets, making it difficult for investors to trade a large volume of assets. . Another problem faced by DEXes is the delay in processing the information entered by users, such as placing orders or even later cancellation, resulting in delays in the execution of orders, which may even cause the price of the asset to vary between placing the order and its subsequent execution.
How about then if we could combine the advantages of CEXes and DEXes without their respective limitations and disadvantages? It would be ideal, wouldn’t it? It is possible? Yes, and this solution already exists: Orion Protocol.
Orion Protocol
Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform, called Orion Terminal.
Orion Terminal, the front-end app that uses Orion Protocol, was launched on December 15, 2020 for a small group of users and oficially launched on on March 31st, 2021 for all users.
Through a single and decentralized platform, you can access all the liquidity in the market without having to have an account on each exchange. Orion Terminal aggregates the liquidity from all major CEXes, DEXes and Swap Pools in a single platform.
Orion Terminal, although decentralized, contains the advantages that a trader is used to using on CEXes. In addition to having a great UI / UX, with a nice and easy-to-use interface, Orion Terminal offers Stop Order, Stop Limit and other trading operations, something commonly seen only on CEXes.
With Orion Terminal, a trader can buy cryptos at the lowest price available on one exchange, as well as sell cryptos at the highest price available on another exchange. Thus, it is common to see arbitrage opportunities on different trades using Orion.
With Orion Terminal, traders can trade anytime, anywhere. There are no jurisdictional restrictions or trading limitations, nor is KYC required. Users keep their private keys and access Orion Terminal directly from their wallets.
Features
Orion Terminal is integrated with Ethereum and Binance and traders can choose one of these blockchains to connect their wallet and carry out their trades.
Currently Orion Terminal offers 3 mains features:
- Terminal Trading: This is the interface where traders can place their orders and buy/sell crypto, accessing the liquidity of the main CEXes like Binance and Kucoin. More exchanges will be added soon.
2. Swap Pools: This is the interface where traders can swap their crypto, like they do in other similar swap pool platforms. The better, Orion Swap always offers the best rates. Just for comparison, see the rates below using Orion Swap Pool and Uniswap to swap $ORN for $USDT at the same time:
Using the Orion Swap Pool, the trader would receive 0.78% more $ORN for his swap compared to the Uniswap.
3. Orion Pools: This is the interface where traders can provide liquidity for some pairs and earn rewards. LPs earn a variable APR according to the pool as well as 0.2% fees from the pool. Orion holders can also stake $ORN in the Governance tab and earn a variable APR as well as 0.1% of the fees from the pool who have voted for.
Conclusion
Orion Protocol does not offer Orion Terminal, it will offer 18 products and their revenues will be shared with Orion holders, making Orion Protocol an excellent investment.
Follow Orion social media channels to stay tuned to the next steps of the Orion Protocol!
