Liquidity aggregator Orion Protocol has partnered with research and development company InputOutputHK (IOHK) to become the first liquidity aggregator to the Cardano blockchain. The two companies will work together to develop the DeFi and NFT spaces according to Orion’s tweet that said,
“Orion Protocol partners with @InputOutputHK to become the first liquidity aggregator to the @Cardano blockchain Droplet. Meanwhile, the pair will work together to enable the scalability and sustainability of the #DeFi and #NFT spaces.“
Orion recently integrated with Huobi ECO Chain, Binance Smart Chain, Avalanche, and Elrond, and more chains will be announced soon.
Solving Crypto – Traditional Finance Fragmentation
Orion aims to provide a decentralized gateway to the entire digital asset market by aggregating liquidity across centralized and decentralized crypto exchange and swap platforms under one decentralized platform.
A robust, scalable, future-oriented infrastructure is needed to solve the fragmentation of the crypto, digital asset, and traditional finance markets, and the partnership seeks to solve it. Alexey Koloskov, CEO and Co-Founder of Orion Protocol, spoke about the partnership, saying,
“It’s a huge honor to partner with IOHK to become the first liquidity aggregator to the Cardano blockchain. We admire and share their focus on building a scalable, and interoperable DeFi ecosystem, and we look forward to working together to achieve a sustainable future of the industry.“
Cardano’s First Liquidity Aggregator
Orion Protocol is the first liquidity aggregator to build on Cardano’s groundbreaking infrastructure to ensure the DeFi and NFT spaces’ scalability and sustainability. Cardano’s multi-layer protocol performs advanced functions, and at its foundation, it has a settlement layer linked to a control layer.
The settlement layer will have a unit of account, while the control layer will run smart contracts. The control layer will be programmed to recognize the identity, assisting compliance, and allowing blacklisting.
Cardano ($ADA) is built on scientific philosophy and peer-reviewed academic research. It is entirely open-source and patent-free, created to encourage collaboration, and engineered for efficiency and scalability.
Orion’s Mission To Bridge Real-World, Crypto, And Traditional Finance
Orion Protocol aggregates every single crypto exchange’s liquidity into one decentralized platform: providing a singular, non-custodial gateway to the entire digital asset market. By providing access to the digital asset market in one place, Orion aims to bridge the worlds of crypto, traditional finance, and real-world assets.
Orion is chain-agnostic. It does not depend on one platform to bring centralized and decentralized liquidity directly to users’ wallets. Orion Protocol gives users more freedom to transact across the crypto ecosystem by integrating multiple blockchains and exchanges in one platform.
Orion has a mission to aggregate the market in its entirety. Integrating the Cardano blockchain’s infrastructure will enable the protocol with greater interoperability, scalability, and performance.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.