jakiro
summary
-
Through liquidity aggregation and virtual order book, Orion integrates a high -security cross -chain bridge to integrate the decentralized DEXS and CEXS liquidity into a single access point, which greatly simplifies the user’s transaction process, bringing a seamless user experienceEssence
Recently, the Refer & AMP; Earn activity launched by Orion encourages influential characters and protocols to faithfully recommend new users to join, and provide corresponding $ Orn and transaction fees as an incentive.The user base can also achieve organic growth through the brand’s brand of the natural social network of community members to diffuse Orion.
Orion has recently launched the BRC20 cross -chain bridge, which greatly expands the function of the Orion protocol, so that it can support the creation and exchange of tokens on the Bitcoin network, which has laid the key to the expansion of Bitcoin Finance (BTCFI) ecosystem.Base.This progress not only enriches the application scenarios and values of Bitcoin, but also provides Orion with a unique opportunity to connect BTCFI with a wider decentralized finance (DEFI) ecosystem.Considering the rapid expansion of the Bitcoin ecosystem last year, we expect BTCFI to become a high -speed growth field, and Orion is expected to achieve a significant growth in this field through its cross -chain bridge solution.
>
Orion Protocol was established in 2018. The original design purpose was to provide a unified, decentralized transaction solution, and connected to all major cryptocurrency centralized exchanges (CEXS) and decentralized transactions through liquidity polymer(DEXS) allows users to access the liquidity of the entire market on their decentralized platform to obtain the optimal price of any token in the market.
Orion Protocol also integrates high -security cross -chain bridges and virtual order books at the same time, aiming to improve transaction efficiency, reduce costs, and provide seamless user experience.The core of the platform lies in its integrated and decentralized market liquidity to a single access point, which simplifies the user’s transaction process, while maintaining the characteristics of DEFI’s high transparency, high security and non -dependent intermediary.
In November 2023, Orion Protocol announced that it would revive the agreement and provide clearer and targeted value claims in the ‘Orion Protocol’ rebrand, and at the same time expand the effectiveness and potential of the ORN token.
>
>
Alexey Koloskov (founder & amp; CEO)
Alexey was the chief architect of Waves before serving as the CEO of Orion Protocol. During this period, he successfully led the architecture design and development of the Waves decentralized exchange. Since June 2017, Alexey, as the founding of Orion Protocol,People and CEOs have led the project for more than 6 years. During the period, they were responsible for formulating company strategy and supervising product development, and promoted the innovation and growth of Orion Protocol in the blockchain industry.
KAL ALI (co -founder & amp; COO)
KAL ALI, an early strategic consultant and co -founder of Orion Protocol, is currently also a limited partner of Dominance Ventures. The venture capital institution has participated in early investment in COSMOS, Gunzilla Games, Avalanche and other projects.
>
>
>
>
>
Orion Terminal, as the core product of Orion Protocol, visits in real time through its unique liquid aggregation mechanism and integrates multiple exchanges.This mechanism covers a wide range of exchanges including centralized and decentralized platforms to ensure that users can obtain the optimal transaction price and depth of the entire market in a single interface.
This innovation not only provides users with optimized transaction execution and pricing strategies, but also effectively reduces transaction costs and improves the overall efficiency of the market.The following is the implementation path of this mechanism.
>
Through the Orion Terminal, users do not need to create a personal account on a centralized exchange, eliminating tedious programs such as personal KYC.Through the account established in the CEX, also known as liquidity nodes or liquidity suppliers, users will pass atomic transactions when they initiate transactions (complete all links in one step through smart contracts to ensure that the transaction is either successful or completely does not happen.There is no intermediate state) sent to liquidity nodes, and the node executes the transaction on the CEX, and then received token immediately.Unlike the traditional DEX using the AMM mechanism, Decex provides real -time order books, providing more accurate and instant transaction data.
Safety deviation mechanism (SD):
Although atomic transactions may ensure that users can send transaction requests at an ideal price under the premise of fund security, how can Orion ensure that users can complete the transaction at the best price?In this regard, Orion has set a security deviation SD (SAFE Dev before).
Simple understanding, SD is an automated preset transaction sliding point. In CEX in CEX, because most transactions are sufficient to liquidity in most transactions, SD is 0; CEX’s non -USDT transaction (such as ETH/BTC) application (such as ETH/BTC) application0.4% SD; DEX’s single SWAP application 0.15% SD, involving multiple steps SWAP, multiply 0.15% to the corresponding number of steps.In this process, Orion does not charge additional costs other than the actual commission and network costs calculated based on the order volume.
Unlike the user’s own setting, although the slide points set by SD and the user set the transaction price, SD, as a fixed, pre -defined mechanism, provides users with a certain degree of transparency and predictable price changes.sex.
Even under extreme market conditions, the system will automatically take measures to promote transactions.At the same time, the SD mechanism may adopt different coefficients according to different market conditions (such as the liquidity and volatility of the transaction). This flexibility and adaptability exceed the scope that users can provide manually, especially in the market in the marketIn the case where the price fluctuates in a short time.
However, the SD mechanism itself is also insufficient. For example, a large transaction in a trading pool with insufficient liquidity reserves may significantly affect the tokens of the pool.As a result, the transaction failed.
Liquidity node/liquidity supplier:
During the transaction execution process, Orion assigned the order to a specific liquidity node through its virtual order book.In order to maintain the decentralization characteristics of the network and improve efficiency, Orion introduced an agency proof liquidity (DPOL) mechanism.
Through this mechanism, liquidity nodes need to pledge orn tokens to participate, of which higher pledge nodes are more likely to be selected to execute transactions.However, this selection process not only considers the amount of pledge, but also evaluates the types of tokens provided by the node, the blockchain network and its reserves provided by the node to ensure that the transaction can be implemented smoothly.
DPOL also allows users to participate in decision -making by entrusting the orn token to a specific liquidity node, which affects the selection of nodes.This process aims to balance the interests of users and nodes. By allowing nodes to set trading costs and share income with users, it enhances the decentralization and user participation of the network.
Asset security and autonomy:
In terms of asset security and user control, Orion Terminal provides a mode of trading directly from the user wallet.By liquid polymer, the user is actually an order commissioner. After creating an order through Orion, the polymerizer interacts with liquidity nodes for inheritance.The order address, trading platform and order number of each order are publicly available and verified.
This model strengthens the security of assets and ensures that users’ funds are always under its direct control, reducing the risk of fund theft and abuse of funds existing in traditional centralized exchanges.Even if the Orion Terminal fails, the liquidity node network and smart contracts are still running normally, allowing users to continue to participate in the transaction through Orion’s liquidity and economic services.
This design reflects the core of the concept of decentralization, that is, users can trade safely and freely without trusting any third parties.
>
Traditionally, decentralized exchanges (DEXS), such as Uniswap V3, adopt an automatic market business (AMM) mechanism to determine the price with its price curve.Easy comparison and transactions are different.The AMM price curve makes it difficult to directly compare the order book of its liquidity and the centralized exchange.
Orion’s innovation is that it converts the price curve of AMM into a traditional order book form. AMM liquidity like Uniswap V3 can be displayed and compared like centralized exchanges such as Binance or OKX.
This conversion not only makes the price easier, but also allows setting limited orders on AMM to enhance trading space.In addition, by converting the AMM price curve into an order book, Orion ensure that the liquidity of AMM can be seamlessly integrated and compared with CEXS, creating a unified trading platform for users.
>
>
The virtual order book (VOBS) combines the direct trading method of the traditional order book (OOB) and the automatic model of the market (AMM) to create a unified trading platform.VOBS not only shows direct transaction information, but also reveals potential liquidity with more advantages through multiple steps SWAP.
For example, to exchange tokens A to tokens C transaction through the intermediate token (Token B).Continuous calculation of complex SWAP means that it can constantly update and optimize trading opportunities, provide traders with new and competitive prices, and arbitrage opportunities that may not be discovered before.
Based on the above three key technologies, Orion Terminal has undoubtedly become a preliminary ideal form of liquidity aggregation trading products. Of course, its specific reliability and value discovery capabilities remain to be verified by the market.
>
Orion Bridge solves the challenge of cross -chain transactions in the cryptocurrency market to a certain extent, and realizes a truly efficient decentralized cross -chain bridge.The core of this technology lies in its integration,For the first time, the liquidity aggregation of cross -chain and cross -exchanges is directly embedded in the back end of the Orion Terminal, thereby providing users with a seamless, fast and secure trading environment.Compared with the existing Bridge, Orion Bridge provides a trading experience of unlimited, non -delay, no order rejection, no funds locking, and no risk -free transaction experience, which largely solves many other cross -chain bridges in the market.question.
>
Orion Bridge is supported by three core technology: atomic swaps, P2P Network, and Broker Network.Atomic exchange allows two assets on different blockchain to perform instant exchange, without packaging assets or delay.P2P technology realizes real decentralization, that is, assets are directly exchanged between individuals, and no central institution is required to intervene.The broker network ensures the instant and smoothness of the transaction, regardless of the size of the transaction.
In the first iteration of Orion Bridge, seamless connections between Ethereum and BSC have been realized, and the BRC20 cross -chain bridge will be launched in the near future, so that the BRC20 token can be traded with the EVM compatibility chain such as MATIC and BSC.Note that ORN is the only tokens in the Binance tokens with the concept of BTCFI.
>
>
Orion Pools is a decentralized liquidity pool platform based on the UNISWAP V2 model.The platform allows users to not only contribute liquidity and create a new liquidity pool, but also personalize their experience by adding a custom signs to ensure a active and vibrant trading environment.
Orion Pools’s design concept reflects the emphasis on users, and gives users the ability to create, contribute and customize liquidity pools through simplified user interfaces and processes.
>
In the operation process, Orion Pools provides intuitive guidance, and users can easily create a new pool or add liquidity to the existing pool.The process of creating a new pool includes selection or adding new tokens, suggestions with USDT to ensure the integration of cross -Orion platforms, upload token icons (for new tokens), and complete the transaction to confirm the creation of the new pool.The process of contributing liquidity includes the choice of preferences, the number of input contribution assets, and confirming the transaction through wallets.These processes are not only user -friendly, but also enhance the liquidity and transaction efficiency of the platform.
>
By contributing assets to the liquidity pool, users can also obtain part of the transaction costs as rewards while promoting seamless transactions on the platform, forming a mutually beneficial relationship.Orion Pools not only provides opportunities for gains, but also enables users to become part of a wider trading ecosystem, which enhances the user’s sense of participation and belonging.
With the effectiveness of new governance and liquidity mining system, Orion Pools is changing to a more sustainable and growth -oriented model.The new system has taken effect since December 5, 2023, emphasizing support for the growth and sustainability of agreement, while ensuring the consistency of the interests of the user.This change not only enhances the appeal of the platform, but also is expected to attract more users to participate in the Orion ecosystem.
>
Orion Widget launched by Orion Protocol is an innovative application designed for cryptocurrency trading platforms and decentralized applications (DAPP) developers.Coin trading function.The tool uses the centralization and decentralization exchanges of Orion (CEX and DEX) to allow users to directly transaction by connecting their wallets, thereby improving the convenience and user experience of the transaction.
The core advantage of Orion Widget is its highly customized and easy -to -integrate characteristics.Developers can customize the appearance and functions of Widget through a series of pre -defined parameters, including theme style, default transaction assets, trading asset lists, initial transaction amounts and handling assets to meet the specific needs of different platforms and user groups.This flexibility ensures that Widget can be seamlessly integrated into various web pages and application environments, while maintaining brand consistency and user friendship.
In addition, the integrated process of Orion Widget is extremely simple. It supports integration through two ways: script and iframe, and there is almost no complex encoding work.This greatly reduces the technical threshold, so that even developers with non -technical background can easily deploy trading functions on their platforms.This not only accelerates the development cycle, but also reduces development costs, providing greater flexibility and scalability for the project.
In terms of token listing, Orion Widget supports hundreds of tokens listed by Orion Protocol, and through its extensive source of liquidity to ensure the support of the tokens, it further expands user transaction options.This feature is especially suitable for projects that want to provide specific token transactions on their own platform without worrying about insufficient liquidity or token support.
>
>
Orion Protocol’s refer & amp; Earn activity is a plan to expand its user group.Through this plan, Orion encourages influential characters and loyal users to recommend new users to join, using $ ORN token as award incentives.Participants can apply for this plan through Telegram to contact @tradeonorion.
The recommender can enjoy a 10% transaction fee discount when the recommended user can enjoy 10% of the transaction fee discounts when trading at @Tradeonorion, and the recommender can earn up to 70% of the rewards based on the recommended transaction costs.The reward is issued through the BNB Chain’s $ Orn token in real time.With the progress of the plan, more opportunities will be opened to users who want to become a recommender.
In addition, the recommended network and high transaction volume of the recommender can not only get basic rewards, but also have the opportunity to get additional $ ORN token rewards on the rankings.The ranking ranking is based on the network’s transaction volume and the ORN token in the wallet within 14 days.Orion adjusts the list budget every month to temporarily increase the recommendation reward, the reward is issued per hour, and it can be collected on the BNB chain.
This reward -based recommendation mechanism can not only quickly increase the user base of the platform, but also achieve organic growth through the brand’s brand of community members’ natural social networks.Community members have benefited directly because their recommendation behaviors, and this mutual benefit has enhanced users’ loyalty and enthusiasm for the platform.
at the same time,“Refer & AMP; EARN” activity inspires users who trades through recommendations through transaction fees. This not only directly reduces the user’s transaction costs, but also attracts more transaction activities to the Orion platform.With the increase of transaction volume, the liquidity of the platform will also be improved, which will attract more users and traders to form a positive cycle.In addition, increasing transaction activity can also improve the market competitiveness of the platform, attract more project parties and partners to pay attention to and join the Orion ecology.
>
By implementing a multi -level reward system, Orion encourages chain recommendations between users to promote the activity and participation of the community for a long time.The real -time distribution of the reward and the additional incentive mechanism based on the ranking have further increased the appeal of the activity and stimulated the active participation of users.This long -term user participation and community construction are essential for the stable growth and sustainable development of the platform.
>
According to ORDSPACE data, BRC20 has up to tens of thousands of tokens and up to more than $ 200 billion in total market value. The market has proven its popularity and high demand for such assets.Orion, as a cross -chain bridge connecting Bitcoin and other blockchain networks (such as Ethereum, BNB SMART CHAIN, etc.), is one of the few infrastructure that supports the BRC20 standard.Early adoptors and investors.
In addition, by supporting the BRC20 cross -chain bridge, Orion can attract users and developers who want to explore new financial products and services on the Bitcoin network.This cross -chain function will significantly increase the liquidity and transaction volume of the Orion platform.
The introduction of the BRC20 cross -chain bridge enables Orion to support the creation and transmission of interchangeable tokens on the Bitcoin network, which provides an important foundation for the development of the BTCFI ecosystem.This not only increases the use and value of Bitcoin, but also brings Orion to the unique opportunity to connect BTCFI and a wider DEFI ecosystem.
With the rapid development of the BTC ecology last year, we expect BTCFI to be a fast -growing track, and Orion may have a strong room for growth through its cross -chain bridge products.
>
In September 2020, UNISWAP announced that it had a airdropping to the token UNI.All Ethereum addresses that have interacted with Uniswap V1 or V2 before the deadline for airdrops are qualified to get at least 400 UNI airdrops.
Combined with Uniswap’s history and successful experience, if Orion Protocol considers performing similar airdrop strategies, we can foresee several potential growth points and positive effects, including but not limited to attracting new users to join, promote community governance and old user participation.2. Improve project exposure, obtain new partners, obtain effective user feedback, and promote its own technological improvement.
>
>
>
>
>
Orion Protocol’s Governance 2.0 represents a fundamental change of its governance mechanism. It aims to build a reward commitment and ensure that each participant can contribute to the long -term successful future of the orientation of the community interaction and influence.The core of the governance 2.0 is to introduce Veorn (Vote-Escrowed ORN), a non-transfer token, which represents the ORN locked by the user, which is equivalent to their voting rights and influence in Orion.
In the initial stage, VEORN is mainly used for voting of liquidity pools, but its design is flexible. With the development of the Orion ecosystem, it may expand to new governance capabilities.The VEORN mechanism encourages users to increase its participation and influence in Orion governance by long -term locking ORN, thereby strengthening the control of community members in the direction of platform development.
The user obtains VERN by pledged the ORN and selects the lock -up period to further participate in the ORION governance process.The choice of locking period reflects the depth of the user’s commitment to Orion governance. The longer lock -up period can bring more VEORN, thereby enhancing the user’s influence in governance decision -making.This mechanism aims to reward users who have a long -term promise to the Orion ecosystem. Through a carefully designed reward system to ensure that the award is proportional to the degree of participation and commitment of users.
At the same time, the VEORN attenuation mechanism introduced in Governance 2.0 aims to motivate users to continue to participate in Orion governance.Over time, Veorn, which fails to pledge or extend the lock -up period, will gradually decrease, which requires users to maintain or increase their influence in governance by increasing ORN pledge or extending the lock -up period.This design guarantees the vitality and fairness of the Orion governance ecology, and encourages new users to participate in existing users who have rewarded their long -term and active participation at the same time.
>
As a Refer & AMP; EARN plan: the cost of the recommender (70%weight) and the user’s orn balance (30%weight).More orn balances can significantly increase the received rewards.
>
>
The cross -chain bridge project has high risks in the field of DEFI, including security vulnerabilities and operating risks.Orion, as a cross -chain bridge project, needs to attach great importance to these risks and take corresponding security measures and risk management strategies to protect user assets and enhance community trust.
>
The Orion protocol provides its unique liquidity aggregation service through multiple decentralized and centralized exchanges, which involves complex system integration work.Although this integration provides a wide range of liquidity access and optimized trading experience, it also brings systemic integration risks.
These risks may include technical compatibility issues, that is, the APIs and data formats of different platforms may be different, and fine adjustments and adaptation are required to ensure seamless integration.In addition, maintaining the stability and reliability of this integration is also a challenge, because the update or failure of any platform may affect the operation of the entire system.This high dependence on external platforms may be affected by changes in these platform policy or interruption.
therefore,Although the system set has brought a significant advantage in Orion, such as richer liquidity and better user experience, it also requires that Orion must invest in continuous efforts to manage and alleviate these integrated risks to ensure the stability and security of the platformSex and protect the interests of users are not affected.
Reference information
[1] https://docs.orion.xyz/overView/mission-nd- video
[2] https://trade.orion.xyz/dashboard/overVie
