The time has finally come: we are glad to announce that Orbit is officially live on Polygon!
Over the past several months, we have worked relentlessly to ship the best version of Orbit, the automation platform for Concentrating Liquidity, starting from Uniswap V3.
Smart contracts have been improved and optimized, novel features have been introduced, and the User Interface has been updated.
The Beta-testing Program has proved highly successful. We collected precious feedback provided by more than 250 Users. The first 30 Beta-testers have been awarded the limited edition of “Orbit Beta Tester NFT v1.0”. It will provide the owners with several benefits, such as an exclusive Discord channel with access to reserved content, calls with the team regarding new possible implementations, early access to new features before their public release, and more coming utilities.
Moreover, we completed the audit process and addressed the final findings, reviewing the code and part of the protocol logic.
All the aforementioned activities have paved the way for Orbit to open the gates of Concentrated Liquidity.
This new paradigm, introduced by Uniswap V3 in May 2021, made Liquidity Providing much more efficient and potentially profitable.
However, it has become a time-consuming and complex activity, which often requires active management of the positions, thus preventing too many ordinary DeFi users from effectively using it.
Orbit is a necessary layer to scale LPing, facilitating execution and automation of strategies for liquidity providers and aiming to make DeFi simpler and widely available to anybody.
In particular, we enable to quickly deploy, automate, combine and monitor structured strategies with total flexibility, abstracting away any operational complexity for any token pair and ranges.
Thus liquidity providers can now focus on assessing risk-reward strategies, effortlessly combining operations among different platforms, and tracking the aggregated returns.
The first version of Orbit integrates Uniswap V3. Still, as Concentrated Liquidity gets adopted by more and more DeFi protocols, we are poised to capitalize on this opportunity and become the go-to platform for liquidity management in web3.
Improvements from the Beta version
We implemented several UI and UX improvements to make Orbit as intuitive as possible, removing unnecessary complexities and friction.
The following represent some of the major updates:
- Analytics Section: introduced to help final users quickly compare position returns over time with the respective assets holding strategies. Moreover, it is now possible to assess APRs and metrics regarding the generated fees, so it is now easier to asses returns.
- Dynamic price range selector: we introduced a new chart showing liquidity distribution and depth for any asset. It will help users understand the optimal ranges to deploy their capital based on liquidity depth. It is possible to modify the price range by just moving the cursors across the chart itself in a very intuitive and granular way.
- ZAP: it is now possible to enter or withdraw a single token from any pool instead of the respective pair of assets. Orbit automatically takes care of the required swaps and operations when providing single-side liquidity. This gives the final user increased flexibility and ease of use.
This is just the beginning. More features to come!
In the future, the team will deliver more improvements and integrate new DeFi protocols.
The main goal is to provide the final user with all the tools to create flexible strategies and hedge against Impermanent Loss smoothly, especially while out-of-range.
Moreover, as stated above, the Concentrated Liquidity paradigm is spreading across several platforms and chains. Orbit will capitalize more and more on this opportunity over time, and we believe that, with the support of our fantastic Community, it can become the go-to platform for liquidity management in DeFi.
What to expect from September on Orbit.
Following the launch, we will host many activities on the Platform in order to incentivize final users to test it and provide us with their feedback and questions. Our aim stands still: give the final users the tool they have always dreamed of.
In particular, from mid-September, anyone will have the opportunity to access:
- Trading competition: we love seeing people going out of their comfort zone. We always incentivize experimentation, and this time we will do it through a month-long competition that will award the best-performing and the most creative strategies with rich weekly prizes (more news soon).
- Referral Program: Not every user knows how easy Concentrated Liquidity can be, so we will reward loyal Community Members for spreading the voice. Everyone can invite new users to deploy liquidity on Orbit and be awarded based on specific criteria that will soon be disclosed.
- Fees redirected to users: For the first months, Orbit fees will be redirected to users, boosting their LPing positions. We want to incentivize early-comers to test the platform without fearing the gas eating their returns.
About Five Elements Labs
Orbit is built by Five Elements Labs, a software company developing innovative crypto products in DeFi and NFT spaces, aiming to bring Web3 to a new level of adoption and efficiency.
To read more about us: https://medium.com/@FiveElementsLabs
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