Polkastarter Integrates With Orion Protocol For Automated Liquidity Provision
Polkastarter is integrating with Orion Protocol to use Orion’s Liquidity Boost Plugin, enriching Polkastarter’s DEX with bottomless cross-exchange liquidity to provide automated liquidity to token swaps and pools. With this integration, Polkastarter guarantees constant activity and liquidity on several ERC-20 token pools.
Polkastarter is a DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized, permissionless, and interoperable environment based on Polkadot. In order to optimize platform usage, it’s crucial to incentivize liquidity through community rewards and partnerships.
Daniel Stockhaus, Polkastarter CEO, considers that “As the leader for liquidity solutions in the decentralized ecosystem, Orion Protocol is the perfect partner for Polkastarter’s liquidity demands. With this integration, our platform will always be active and provide great buying opportunities”.
This integration will see Orion’s Liquidity Boost Plugin enrich Polkastarter’s DEX with bottomless cross-exchange liquidity to provide automated liquidity provision to token swaps and pools, drastically reducing spread and slippage on the platform. With this integration, Polkastarter guarantees constant activity and liquidity on several ERC-20 token pools.
Orion Protocol’s expansive liquidity will automatically generate pools for major ERC-20 tokens ($USDT, $BNB, $LINK, $CRO, $USDC and others) on Polkastarter. These pools will have large amounts of tokens and will be available in a short period of time.
The integration will provide a number of advantages for liquidity providers on Polkastarter. LPs can sell large quantities of specific tokens without risking high slippage, due to added liquidity and low spread. Additionally, the integration will provide a number of arbitrage and hedge opportunities for LPs.
“We’re extremely pleased to announce Polkastarter as our first partner to utilize Orion’s Liquidity Boost Plugin to enrich their cross-chain token pools with unrivalled liquidity. Their goal to enable projects to raise capital in a decentralized, permissionless, and interoperable environment aligns perfectly with our vision for a decentralized and open-source future of finance, and we are glad to play a part in facilitating their growth.” Alexey Koloskov, Orion Protocol CEO
The timeline for this integration coincides with the launch of the Polkastarter MVP launch and Orion Protocol’s main net, both planned for Q4 2020.
Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.
With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol solves some of the largest issues in DeFi by aggregating the liquidity of the entire crypto market into one decentralized platform.
Governing the protocol is the proprietary staking mechanism Delegated Proof of Broker, fulfilling every function via a decentralized brokerage with the ORN token at its core. This underpins each industry-critical solution built on the protocol, including the flagship product Orion Terminal: aggregating all major exchange liquidity into one decentralized terminal.
Orion Enterprise provides much-needed solutions for businesses in the space, including blockchains and exchanges, while their roadmap includes a price oracle and a high-margin DEX.