Hassan Maishera
SpookySwap, a leading AMM on the Fantom blockchain, has announced its integration with Orbs’ flagship L3 protocol, Liquidity Hub.
In a press release shared with Cryptowisser, SpookySwap said its integration with Orbs’ Liquidity Hub will make it possible for Fantom users to optimize their onchain trading while incentivizing liquidity providers.
Furthermore, it allows SpookySwap users to access deeper liquidity obtained from various onchain protocols on Fantom. Liquidity Hub provides significant improvements in pricing, resulting in an enhanced user experience.
The team explained that Liquidity Hub supports more efficient pricing and protects against Maximal Extractable Value (MEV). thus, enabling gasless trades, and delivering enhanced capital efficiency within a streamlined user interface.
Orbs Liquidity Hub is a fully decentralized and interoperable protocol that allows DEXs to draw liquidity from a combination of on- and off-chain sources. It achieves this without incurring custodial risk or compromising on the permissionless design that is part of DeFi’s value proposition.
Thanks to this latest development, SpookySwap users can now access these new features and benefits without incurring any additional costs.
The team explained that Liquidity Hub operates as an L3 that forms an optimization layer above the AMM, allowing it to draw from external liquidity to deliver better price quotes. Thus, enabling trades to be executed with less slippage. As a result, traders can capture more value from every swap they make.
It also leverages third-party solvers who compete to fill swaps with liquidity procured from AMM pools or their own private inventory. Furthermore, Liquidity Hub enables decentralized orders to be accessed via API. Hence, enabling institutional and professional traders such as market makers to submit bids and compete to fill swaps. In the event that the layer cannot execute the trade at a better price than the AMM, the transaction will return to the AMM contract and execute as normal.
Liquidity Hub’s integration on Fantom comes following similar similar integrations that include Quickswap on Polygon PoS and zkEVM, Thena on BNB Chain, and IntentX on Base.
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for Ethereum Virtual Machine (EVM) compatible networks. Different from other DEXs, Spookyswap invested in building a strong foundation with its BOO token as a governance token, diverse farms, a built-in bridge, built-in limit orders, and user-centered service.
Meanwhile, Orbs is a layer-3 public blockchain infrastructure project powered by PoS, pioneering on-chain innovation since 2017. Orbs is a separate execution layer on top of L1/L2 chains and under the application layer as part of a tiered blockchain stack, enhancing the capabilities of smart contracts and powering protocols such as dLIMIT, dTWAP, and Liquidity Hub.
