The ORN protocol is a fascinating new advancement in crypto-technology, aiming to provide aggregation for exchanges, tokens and products, including but not limited to trading on dex ( decentralised exchange) with simplicity straight from your wallet, much like Binance Dex but across many centralised exchanges, aiming to get the best price possible!
This is revolutionary and will likely lead to day traders and more advanced users and those who understand cryptocurrency to stop using centralised exchanges in the hopes of finding better rates, greater token availability ( tokens are typically released slowly across exchanges ) and much greater privacy because of the lack of KYC. Due to the BSC ( Binance smart chain ) you can easily trade or stake at very low cost compared to traditional eth fees on the ER20 network, BSC ( BEP20 ) offers much better exchange rates and is much faster.
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Networks available on launch: ETH and BSC
Networks planned: Q2 Avalanche and Q2 Elrond – Possible talks of other networks beyond this point.
Here is the quotation from Orn’s latest blog post as of 30/03/2021
24 hours from now, the future of trading will be live.
To date, 100,000 users have signed up for early access to Orion Terminal. At 5pm UTC on March 31st, Orion Terminal will be live for everyone to use.
In an industry first, Orion Terminal will provide decentralized access to liquidity across leading exchanges such as Binance, AscendEX, and others, allowing you access to major sources of liquidity without compromising your funds. Users will no longer need to have accounts on individual exchanges or perform KYC: saving your time, your money, and your assets.
As a chain-agnostic solution, there is no limit as to what Orion Terminal can achieve. We have already integrated Ethereum and Binance Smart Chain, while Huobi’s HECO, Avalanche, and Elrond integrations are already in development for Q2. We have even more chains to be announced as we work towards aggregating the market in its entirety – bringing you decentralized access to every CEX, DEX, and swap pool in market.
By aggregating the order books of these exchanges, Orion Terminal will provide the best price at any given time, as well as enabling arbitrage opportunities across exchanges.
From day one, 40 different assets will be supported on Ethereum and Binance Smart Chain. This includes BTC, ETH, LINK, DOT, ADA, YFI, UNI, OMG, and many others. Through our unique built-in complex swap feature, all of these assets can be cross-traded, creating a market of over 1,500 trading pairs.
ORN holders will gain access to a voting system to introduce new trading pairs every week: all voting will occur on-chain, giving you control over the supported trading pairs and positioning you as a critical part of our governance structure.
To mark Main Net launch day, we’re holding a week-long trading competition to win $10,000 in ORN, Orion merchandise, and the first ever Orion VIP NFTs. Entrants need to complete at least one transaction per day on the Orion Terminal to enter (a higher-value transaction will yield more entries, with the minimum eligible amount equal to $100 USDT). Learn more and sign up here.
While this is a huge milestone for us, we’re just getting started. Over the course of this year, we will introduce NFTs, lending, margin trading, leveraged ETFs, derivatives, contract trading, decentralized copying, and staking of any digital asset type to the Terminal. Meanwhile, our B2B solutions include an Oracle, Liquidity Boost Plugin, DEX Kit, Enterprise Trade Widget, Launchpad Liquidity, Developer Kit, Collateral Optimization, Global Liquidity Pool, Wallet Swap SDK, and more – each bringing ORN holders significant staking rewards.
Most critically for holders, the “most profitable staking in DeFi” will be live in Q2. The staking calculator allows you to determine your staking rewards if, for example, Orion amassed the same daily volume as SushiSwap. At current market price, this volume would yield over 170% APY for ORN holders. However, it’s important to remember that we are not simply an aggregator. Daily Protocol Volume includes volume from Orion Terminal, combined with the volume from our dozen other DeFi solutions, some of which will be generating revenue prior to staking launch. With almost 50 partners amassed in the last year, we’re incredibly focused on building out our ecosystem to generate volume: ORN holders could yield huge staking rewards from the B2B products alone.
So, while our Main Net launch is a significant step for us, it’s one of many steps ahead of us on the road towards building the future of finance. I’d like to take this opportunity to thank you all for being with us on this journey so far – we’re only just getting started.
Alexey Koloskov, CEO and Co-Founder of Orion Protocol
