Fantom partners with Orion Protocol
Fantom becomes pilot partner for Orion Wallet Swap SDK, enabling users access to Orion liquidity directly from their wallet
Fantom has become the pilot partner for Orion Wallet Swap SDK, enabling users access to endless cross-chain liquidity directly from their Fantom wallet.
Moreover, chain-agnostic Orion will integrate the Fantom blockchain into the protocol for near instant transactions and extremely low fees.
The digital asset market is incredibly fragmented, with different asset types across different exchanges on different blockchains. Orion seeks to solve the fragmentation of crypto markets, NFTs marketplaces, and assets from traditional finance by aggregating them into one place: Orion Terminal.
Built on the most advanced liquidity aggregator ever developed, Orion Protocol is building the non-custodial gateway to the entire digital asset market – aggregating liquidity across DEXs, CEXs, and swap pools in one, decentralized platform.
Furthermore, Orion is developing many enterprise liquidity solutions, including Orion Wallet Swap SDK. With traders increasingly storing their assets in wallets, why not remove any friction and allow decentralized trading of assets directly from users’ wallet of choice? Orion Wallet Swap SDK allows FTM holders the ability to access Orion’s liquidity via a swap widget directly integrated within the wallet’s interface.
Wallet users will be able to swap crypto without leaving their wallet, using liquidity of exchanges without the need for any exchange accounts and allowing for the least slippage of any solution in the market.
Integrating Orion Wallet Swap SDK into Fantom Finance, Fantom’s all-in-one DeFi suite, will allow users to trade directly from their wallet:
- Fantom adds Orion’s simple SDK module to their code
- Fantom can customize the look and feel of the widget for a seamless experience for users
- Users trade/swap all of the major pairs directly from their Fantom wallet
- Fantom users no longer need to exchange hop to look for the best price for their assets
- Orders will always be placed at the best price in market via Orion’s aggregated order books
- Funds remain in the custody of the user
Orion Protocol is chain-agnostic, and doesn’t rely on any one platform to bring users centralized and decentralized liquidity directly to their wallet. By integrating multiple blockchains in one platform, Orion Protocol gives users more freedom to transact across the crypto sphere.
In addition to becoming the pilot partner for Orion Wallet Swap SDK, the Fantom blockchain is the latest chain to be integrated into the protocol – with more chains to be announced.
Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps, while Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability. Integrating Fantom into the protocol enables almost instant transfers and extremely low fees:
- Almost instant transfers: Transactions on Orion Terminal via Fantom will be finalized in a couple of seconds and cost a fraction of a cent.
- Simply secure: Fantom’s validator nodes form a global, trustless, and leaderless Proof-of-Stake network for secure, decentralized trading on Orion Terminal.
- Highly scalable: Fantom can process thousands of transactions per seconds and scale to thousands of nodes, enabling significant scalability of the Terminal.
- Ethereum compatible: Fantom is EVM compatible, enabling a fast and seamless integration into Orion Terminal.
Alexey Koloskov, CEO + Co-Founder of Orion Protocol, said: “Integrating the Fantom blockchain into Orion Protocol is a huge step forward for us towards achieving a truly chain-agnostic gateway to the entire digital asset market. Meanwhile, we’re incredibly excited for Fantom to become the pilot partner for our Wallet Swap SDK, enabling Fantom users access to the crypto market from the comfort of their wallet.”
Michael Kong, CEO of Fantom, said:”A collaboration between Orion and Fantom is one of the most sensible ways to improve the user experience across the ecosystem. We believe that the logical step for every ecosystem that grows to size is to use aggregators; these tools allow builders to focus on their niche while aggregators service the mainstream user.”
Fantom’s integration into Orion Protocol is expected to be live in Q3, bringing further scalability, greater interoperability, and more freedom for traders to transact in their preferred method.
Furthermore, the Orion and Fantom teams are working on deeper collaboration to be announced imminently.
Orion Protocol is building the decentralized gateway to the digital asset market. The layer 2 solution enables users access to deep, cross-chain liquidity in one place – across DEXs, CEXs, and swap pools – providing access to the best price in the market without the need to ever give up their assets. Orion seeks to solve the fragmentation of crypto markets, NFTs marketplaces, and assets from traditional finance by eventually aggregating them into one place: Orion Terminal.
Orion is building over a dozen solutions for blockchains, exchanges, and crypto projects, resulting in over eighteen revenue streams on the protocol. The Orion ecosystem has been built with ORN holders in mind: every transaction across the multiple solutions on the protocol adds to Daily Protocol Volume, bringing lucrative rewards for stakers.
Founded in 2018, The Fantom Foundation has built a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies.
Fantom is a fast, scalable, and secure layer-1 platform built on a permissionless aBFT consensus protocol. The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world uses.
Many Ethereum protocols are porting over to Fantom to create a seamless cross-chain ecosystem. These include Keep3rV1, Cover, Cream, Frax, Sushiswap, Yearn, and others.
The technology is also used in several government digitization programs in the Middle East.