Cardano blockchain gets first liquidity aggregator in Orion Protocol

Cardano blockchain gets first liquidity aggregator in Orion Protocol

IOHK is in the news today after it announced a partnership with Orion Protocol, with the latter becoming the first liquidity aggregator for the Cardano blockchain. The official announcement from Orion read,

“Orion Protocol partners with @InputOutputHK to become the first liquidity aggregator to the @Cardano blockchain. Meanwhile, the pair will work together to enable the scalability and sustainability of the #DeFi and #NFT spaces.”

The aforementioned announcement came on the heels of the recent integration with Huobi ECO Chain, Binance Smart Chain, Avalanche, and Elrond. According to reports, there will be more integrations ahead.

Orion Protocol is a decentralized gateway to the crypto-market, one that allows users decentralized access to liquidity from centralized exchanges like Binance, KuCoin, and BitMax and decentralized exchanges like Uniswap, without an account.

The announcement added,

“Orion Protocol will provide a decentralized gateway to the entire digital asset market – aggregating liquidity across decentralized and centralized crypto exchanges and swap platforms in one, decentralized platform.”

Orion will benefit from this integration with the Cardano blockchain as it expected to play a major role in enabling far greater interoperability, scalability, and performance of the protocol, with each solution from its flagship product Orion Terminal to Orion NFT aggregator. The Orion Terminal went live on 31 March with Ethereum blockchain and Binance Smart Chain’s [BSC] support.

The CEO and Co-founder of Orion Protocol, Alexey Koloskov, welcomed the announcement by stating,

“It’s a huge honor to partner with IOHK to become the first liquidity aggregator to the Cardano blockchain. We admire and share their focus on building a scalable, and interoperable DeFi ecosystem, and we look forward to working together to achieve a sustainable future of the industry.”

Meanwhile, the Cardano ecosystem continues to expand and reward its participants through the Project Catalyst fund. There are 20 projects that are going to receive a total of $500,000 in ADA, with Liqwid Finance project receiving the highest votes. The project is developing a borrowing and lending protocol on Cardano too.


Sign Up For Our Newsletter


Published at Fri, 02 Apr 2021 13:00:02 +0000

ALTCOIN NEWS BITCOIN NEWS BLOCKCHAIN NEWS CRYPTOCURRENCY NEWS ETHEREUM NEWS EXCHANGES NEWS LITECOIN NEWS MARKET NEWS REGULATION NEWS
Gamestop
Important Facts of Gamestop Entering into Cryptomarket
UniFarm
UniFarm Raises $2 Million After Launching Innovative Farming Pool Featuring 17 Top DeFi Projects
XRP, FTX Token, Waves Price Analysis
#HODL #SHILL YOUR SH*T COIN! #SPOTTED! #VIRALS BITCOIN SCAM WATCH FUN QUIZZES
bitcoin-scams
Top 5 Bitcoin Scams you should be aware of!
Instagram Influencer Accused of Scamming Followers Out of $2.5M In Bitcoin Scams
five assorted color cars parked inside room
WHAT WILL YOU BUY WITH YOUR BULL MARKET GAINS?
FAQ'S INTRODUCTION TO BITCOIN INTRODUCTION TO BLOCKCHAIN INTRODUCTION TO CRYPTOCURRENCY EXCHANGES
Cryptocurrency
4 Amazing Perspectives of Cryptocurrency Characteristics, Everyone Should know
How bitcoin Transactions Work
Bitcoin For Beginners: 5 Plus Important Reasons Why You Should Understand The Future Impact of Bitcoin On Society
blockchain
5 Important points about Blockchain, Cryptocurrency, and Bitcoin(Safe or Not)
EXCHANGES WALLETS
coinbase
4 Best Crypto Coins on Coinbase
flat lay gadgets beside bearded man
ULTIMATE LIST : BEST BITCOIN AND CRYPTOCURRENCY WALLETS 2021
person shopping online
2021 BEST BITCOIN AND CRYPTOCURRENCY HARDWARE WALLETS TO STORE YOUR COINS SAFE

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.