Cardano’s Blockchain Strikes New Feat With First Liquidity Aggregator

Cardano’s Blockchain Strikes New Feat With First Liquidity Aggregator

Cardano's Blockchain Strikes New Feat With First Liquidity Aggregator

Advertisement

&nbsp

&nbsp

The Orion protocol has made history by becoming the first liquidity aggregator for the Cardano blockchain thanks to its newest partnership. On April 2, 2021, the protocol announced a new partnership with IOHK which will see the two platforms working together to help ensure scalability and sustainability for DeFi and NFT spaces.

This is not the only integration that has taken place with the Orion Protocol in recent times as it announced integrations with Binance SmartChain, Elrond in the last few months.

This new partnership, however, will see the Orion Protocol acting as a decentralized gateway for an entirely digital asset market. Its duties will include aggregating liquidity from crypto exchanges across the internet, both centralized and decentralized, as well as swap platforms into a single decentralized space.

According to the official announcement, the Orion protocol is seeking to solve the issue of fragmentation of crypto, digital assets, and traditional financial markets. This will be done through the creation of a robust and scalable infrastructure which this new partnership helps to provide. 

“Orion Protocol is proud to become the first liquidity aggregator to build on Cardano’s groundbreaking infrastructure, working together to ensure the scalability and sustainability of the DeFi and NFT spaces,” the announcement said.

Advertisement

&nbsp

&nbsp

Cardano’s settlement layer, according to the announcement, will have a unit of accounts while its control layer will run smart contracts. The control layer will also be programmed to assist in compliance tasked by recognizing identity and being able to blacklist certain parties.

The Orion protocol will not rely on any single platform to bring users liquidity directly to their wallet but instead will integrate multiple blockchains and exchanges into a single platform. 

This, in turn, gives users greater freedom to make use of the tokens across the crypto space. The integration of Cardano’s blockchain will be a significant part of this partnership as it will enable more scalability and interoperability.

The Cardano blockchain is open-source, free of patents, and works towards collaborative efforts to improve the crypto space and the Orion protocol management has expressed excitement at this upcoming move.

“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,” said Alexey Koloskov, CEO + Co-Founder of Orion Protocol.



DISCLAIMER Read More

The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Published at Fri, 02 Apr 2021 20:22:45 +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.