Orbs Launches Liquidity Center on Fenix Finance to Improve Capital Efficacy for Layer 2 Users

The objective of the launch is to improve the efficacy of capital for Layer 2 users and increase liquidity on the Blast decentralized exchange (DEX).

Layer 3 blockchain Orbs announced the launch of its liquidity center on Fenix Finance, according to recent updates shared with Finbold on July 4.

The launch aims to enhance capital efficiency for Layer 2 users and boost liquidity on the Blast decentralized exchange (DEX).

To address the challenges of fragmented decentralized finance (DeFi) liquidity, Orbs offers reduced transaction fees, protection against Maximal Extractable Value (MEV) and gas-free transactions.

The Orbs liquidity center acts as an additional layer on top of the DEX, aggregating liquidity from multiple sources to ensure the most competitive pricing. This minimizes slippage and optimizes the value of each trade. The Liquidity Hub is seamlessly integrated into the existing Fenix DEX interface, ensuring that traders maintain a familiar user experience.

The liquidity center enhances the trading experience by combining liquidity from both on-chain and off-chain sources, without introducing custodial risks.

If the Automated Market Maker (AMM) is unable to execute the trade at a lower price, the transaction will revert to the AMM contract. This ensures that trades are executed at the optimal rate without the need to manually select the liquidity path.

The deployment on Fenix marks Orbs’ fifth integration with DEXs on Ethereum Virtual Machine (EVM) networks and its first on Blast. This follows Fenix Finance’s recent $300,000 seed funding round, which was led by Orbs.

The new liquidity solution, in conjunction with this funding, will enable Fenix to offer the most capital-efficient trading experience on Blast.

Since launching the Open Beta in May 2024, Fenix has attracted over 5,000 users and facilitated more than $150 million in trading volume. As the Orbs liquidity center becomes operational, Fenix is well-positioned to become the primary protocol for Blast token trading and liquidity provision.