Intent X integrates Orbs Liquidity Hub for increased liquidity
IntentX, a decentralized perpetual exchange (DEX), has announced a collaboration with Layer 3 network Orbs, according to the info shared with Finbold on March 26.
The collaboration marks a significant stride in the realm of decentralized finance (DeFi) and entails the integration of Orbs’ Liquidity Hub into IntentX’s ecosystem with the aim of enhancing user access to spot orders and the perpetual contracts marketplace.
Transcending traditional automated market makers
Orbs Liquidity Hub stands as a cornerstone in DeFi infrastructure, going beyond traditional automated market makers (AMMs) by harnessing liquidity from both on-chain and off-chain sources.
The platform addresses the challenge of fragmented liquidity on DEXs, aggregating liquidity from various chains to offer superior pricing compared to AMMs.
By partnering with Orbs Liquidity Hub, IntentX joins the ranks of industry stalwarts like Quickswap on Polygon and THENA on the BNB chain.
IntentX also became the first platform on the Coinbase Layer 2 chain, Base, to integrate with the Liquidity Hub.
This groundbreaking integration signifies a departure from the reliance on DEX AMMs, heralding a new era of liquidity provision.
Integrating decentralized orders from external sources
Orbs Liquidity Hub diverges from conventional DEX swaps facilitated by AMMs in that it leverages on-chain solver auctions and decentralized orders via API to source liquidity.
The on-chain solver auctions allow third-party solvers to vie for swap fulfillment using on-chain liquidity AMM pools or proprietary inventory.
On the other hand, decentralized orders from external sources cater to institutional and professional traders seeking optimal swap execution.
Decentralization and composability
Crafted by the Orbs project, Liquidity Hub seeks to offer unrestricted access and composability.
With IntentX integrated, users gain unfettered access to the network’s expansive liquidity pool free from additional expenses.
The collaboration between IntentX and Orbs thus underscores the industry’s commitment to innovation and accessibility.
As the partnership grows, users can look forward to enhanced liquidity provision and a seamless trading experience on IntentX.