Crypto News

Orbs & Krystal Team Up to Focus on DeFi



Orbs, a company that is creating an open-source blockchain, and Krystal, a crypto wallet that offers major functionality in a single place, are working together to make DeFi easy for everyone.

Orbs recently announced a new platform called Liquidity Nexus, which allows liquidity farmers to provide ETH, but still, earn in ETH/USDC.

According to a press release shared with Blockonomi:

Krystal was created by the team from Kyber and is an advanced cryptocurrency wallet that provides an all-in-one DeFi platform, available on Android and iOS mobile apps.  Krystal provides a frictionless and secure DeFi experience with the following key features:

  • Seamless token swap: Integration to top DEX platforms, such as Kyber Network and Uniswap, to provide token swap functionality for about 30,736+ token pairs.
  • Token Lending for interest: single-click lending and withdrawal services with AAVE and Compound to provide convenient lending services for any user.
  • Hassle-free portfolio management: convenient portfolio management tools so that you can easily monitor and track your assets across multiple platforms and stay on top of your DeFi game.
  • Solid security: Krystal is non-custodial and does not hold your assets at any time. All Krystal smart contracts have been fully audited by external third parties.

Orbs and Krystal Are a Great Fit

Orbs blockchain is all about inclusion, and the working partnership with Krystal will likely see the Orbs’ token listed in Krystal’s wallet, which is good from a liquidity standpoint. The markets thrive on liquidity, which is good for everyone in the DeFi ecosystem.

Accoding to Orbs:

“The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.”

As a PoS blockchain, Orbs is in a good position to grow with the global crypto ecosystem, and offer people everywhere to fast services, at a very low cost.

PoS is the Future of Blockchain

Orbs is going in the right direction with its PoS system, as the original Proof-of-Work systems that brought blockchain into the global arena are very limited in their ability to scale on to larger user bases.

PoS systems eliminate this hindrance and allow the systems that use them to become income-bearing. Unlike a PoW system, PoS means that anyone who has tokens that can be staked will be able to gain something – like an interest rate.

Lot Yields Make PoS a Winner

One of the foundational ideas of fiat currency is an interest rate – AKA – the price of capital. In the modern world, central banks have destroyed this vital part of the monetary system, but in the world of DeFi – yields are good!

Krystal makes gaining these yields easy so that investors can relax, and allow their holdings to grow without any issues. Making money with money should be simple, and Krystal’s wallet makes it easy.

The simple fact of the matter is that the established financial system is not working for the people that have given their trust to the central bankers, and now, there is room for innovation. This takes the form of decentralization and assets like cryptos.

Let’s be honest – who wants to hold money that can be taken away with either inflation or outright theft – like the expiration date that CBDCs can be built with. The answer is no one. To learn more about Orbs, just click here.

If you want to check out Krystal’s wallet, this link will get you sorted out. Get into cryptos – they are a real asset that no one else can control.

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