THENA integrates Orbs’ Liquidity Hub on its DEX for liquidity on BNB Chain

THENA, a leading decentralized exchange (DEX) on the BNB Chain, has announced its integration with Liquidity Hub, a product of Orbs. This integration equips THENA traders with access to additional liquidity on the BNB Chain, which extends beyond the capacities of the standard Automated Market Maker (AMM).

Orbs’ L3 technology powers Liquidity Hub, delivering benefits like reduced fees, protection against Maximum Extractable Value (MEV), transactions without gas fees, improved capital efficiency, a streamlined user interface, and more. This marks the second such integration for Liquidity Hub by Orbs, and it stands out in the DeFi space for aggregating liquidity from both on-chain and off-chain sources into a DEX.

Access the full spectrum of liquidity available on the BNB Chain at no extra cost

Developed by the Orbs project, Liquidity Hub is a fully decentralized, permissionless, and composable DeFi protocol, powered by the Orbs Network. This integration allows THENA’s traders to access the full spectrum of liquidity available on the BNB Chain at no extra cost.

Orbs operates as a decentralized protocol run by a public network of permissionless validators using Proof of Stake (PoS), with tens of millions of dollars in Total Value Locked (TVL).

The platform is at the forefront of Layer 3 (L3) infrastructure innovation, leveraging the decentralized Orbs network to enhance existing EVM smart contracts. This opens new possibilities for Web 3.0, DeFi, NFTs, and GameFi.

How Liquidity Hub works

Liquidity Hub is an L3 infrastructure software that adds an optimization layer above the AMM. It accesses external liquidity for better pricing and reduced price impact. Unlike typical swaps confined to a DEX’s liquidity pools, Liquidity Hub enhances the process through additional liquidity sources:

On-chain Solver Auction: Competing third-party solvers use on-chain liquidity like AMM pools or their inventory to fill swaps.
Decentralized Orders via API: Professional traders and institutions can submit bids through an API, competing to fill swaps.

Liquidity Hub allows DEXs to seek trade execution beyond the AMM, mitigating price impact. If it cannot secure a better price than the AMM, the transaction reverts to the AMM contract for usual execution. Thus, Liquidity Hub only enhances trading experiences without drawbacks.

The L3 solution combines on-chain contracts (adjacent to the AMM contract) with backend logic executed on-chain via Orbs’ decentralized L3 nodes. The on-chain Liquidity Hub contract ensures user fund safety and guards against significant price manipulations.

End-users don’t need to be aware of Liquidity Hub’s existence. The contract ensures better swap execution prices than those on the AMM contract. This no-trust guarantee is embedded at the contract level.

Part of Liquidity Hub’s logic operates off the DEX’s chain. The off-chain data structure enables quick, gas-free order modifications. This appeals to market makers as it parallels centralized exchanges.

All funds remain on-chain in a non-custodial manner until trade execution, ensuring security and trust in the process. Key product specifications include:

No Change in DEX UI: Seamless trading experience with a familiar interface.
Efficient API for Solvers and Market Makers: Streamlines liquidity provision and trading.
Minimal to Zero Latency Execution: Real-time trading capability for market participants.
MetaMask Token Spending Authorization: Users retain control over transactions.
Gasless Trades: Reduces transaction costs significantly.

The Liquidity Hub protocol, with Orbs L3 technology, sets a new industry benchmark for optimal pricing within the DEX ecosystem. It’s already in use by QuickSwap on Polygon and now THENA on BNB Chain, generating over 12 million dollars in trading volume.

Orbs invested $600,000 in THENA

The primary advantage of this integration is the access to increased liquidity it provides for THENA traders on the BNB Chain. Liquidity Hub, powered by Orbs’ L3 technology, offers benefits such as lower fees, MEV protection, gasless transactions, and increased capital efficiency within a simplified user interface​​.

Orbs’ recent investment of $600,000 in THENA is aimed at expanding the product’s capabilities and growing its Total Value Locked (TVL). This funding is expected to enhance the overall user experience on the THENA platform and aid in expanding its reach, particularly in the Asian markets. A significant focus is also placed on redeveloping THENA’s front-end interface to create a more intuitive and user-friendly platform, which should attract a broader user base​​.

The integration is part of a larger strategy to enhance on-chain swaps and provide better price efficiency and deeper liquidity for THENA. Previously, THENA had incorporated Orbs’ advanced dLIMIT and dTWAP protocols, revolutionizing its trading capabilities by introducing sophisticated order types and algorithmic strategies​​.