Orbs and IntentX Collaborate to Boost On-Chain OTC Derivatives and Spot Trading

A strategic partnership between Orbs, a Layer-3 public blockchain infrastructure project , and IntentX, a leading UTC marketplace, has been revealed. Through the collaboration, Orbs is able to maintain its position as a significant participant in the rapidly expanding on-chain derivatives market.

By using Orbs’ cutting-edge Layer-3 technology, the partnership will explore possible applications for on-chain derivatives. Major endeavors will include expanding IntentX’s spot trading capabilities to the Base and Arbitrum blockchains via Liquidity Hub and integrating Orbs’ RFQ protocol Liquidity Hub into IntentX for RFQ spot trading.

For Orbs, which recently revealed another strategic agreement with SYMMIO, a protocol that specializes in bilateral “Symmetrical Trading” of derivatives, the alliance represents a major turning point. This specific partnership is focused on many use cases related to on-chain derivatives, including cooperative efforts to develop a bidding mechanism for hedgers and off-chain/on-chain communication oracles.

Orbs’ Vice President of Business Development, Ran Hammer, said:

“By teaming up with first SYMMIO and then IntentX, Orbs is solidifying its role as a leader in on-chain RFQ trading innovation. As well as integrating our decentralized optimization layer Liquidity Hub into IntentX’s frontend for RFQ-based spot trading, we will enhance SYMMIO’s contracts using our L3 technology. We hope this proves to be a shot in the arm for the on-chain derivatives space, and we cannot wait to hear what users think.”

Tens of millions of dollars in transaction volume have already been handled by Liquidity Hub, which operates on Thena, one of the largest DEXs on BNB Chain, and Quickswap, the leading native DEX on Polygon.

Known for its perpetual futures trading, SYMMIO’s intent-based (RFQ) core contracts are an essential part of IntentX, a solid OTC derivatives exchange that helps traders and solvers come to agreements and settle trades. SYMMIO is the settlement layer, while IntentX serves as the quotation marketplace for trade coordination.

Utilizing SYMMIO’s backend technology highlights IntentX’s dedication to innovation and user experience while also improving its product offerings in comparison to other derivatives solutions. With more than 180 tradable markets, IntentX provides leverage up to 60 times.

The scene is set for the development of an on-chain derivatives market that is more effective, transparent, and easily accessible than conventional DEX-AMMs, with Orbs, IntentX, and SYMMIO all exploring potential synergies.