Orbs, a layer 3 liquidity protocol, has partnered with SYMMIO and IntentX to launch Perpetual Hub to improve the on-chain futures experience for leveraged traders.
Defi perpetual futures providers typically use order books as a liquidity mechanism to facilitate token swaps and bootstrap trading. According to DefiLlama, this method allows investors to participate in decentralized perpetual contracts, but many industry experts argue that it lacks capital efficiency for the $3.4 billion locked up in on-chain derivatives.
Orbs Persistent Hub
To solve this problem, Orbs introduced an intent-based persistent hub that provides a comprehensive on-chain solution called Hedger, Liquidator, and Price Oracle.
Hedger leverages SYMMIO’s front end for aggregated liquidity, acting as a counterparty that can draw resources from external capital conduits such as Binance and other centralized exchanges.
Liquidators allow individuals to close a trader’s positions and earn a fee in return for contributing to maintaining margin thresholds. Price Oracle provides a decentralized price terminal to monitor unrealized profits and losses.
Ran Hammer, vice president of business development at Orbs, said the launch of Perpetual Hub “opens a door that was previously a blocker” for blockchain participants increasingly interested in on-chain futures trading.