A layer 3 blockchain project, Orbs has collaborated with Thena, a BNB decentralized exchange. According to a Friday blog post, the collaboration is geared towards transforming the future of decentralized finance, particularly with Orbs layer 3 technology.
Through this partnership, Orbs will be making a strategic financial commitment in the Thena project. This thus highlights its confidence of the firm in Thena’s potential. According to the protocol, Thena will harness the funding to accelerate its growth and development. More so, it is said that Thena will also rely on Orb’s technical support to cater for its innovative initiatives within the DeFi space. It believes its commitment to Thena reflects its utmost interest in improving the status quo in the DeFi sector.
Meanwhile, prior to this latest development, Orbs has maintained a cordial relationship with Thena. Recall that in June, Thena integrated Orbs’s dLIMIT and dTWAP technologies. This integration, according to reports, marked a great step in fostering the trading capacities of Thena, thereby allowing users to access advanced algorithmic trading strategies.
DWF labs’ $10 million commitment to Orbs
A few months ago, Orbs secured a strategic investment from DWF labs. This development enabled DWF labs to join its ecosystem. According to the announcement, DWF Labs committed $10 million to Orbs, which is being executed in tranches. While the first tranche has been settled, the remaining tranches will be made later.
Since its emergence, Orbs has been developing solutions to advance the TON ecosystem and DeFi at large. Recently, it launched its flagship L3 solution, dTWAP. It also developed TON.vote, a no-code DAO tool for all decentralized apps on TON. Another project that is credited to this protocol is TON Access. This project was specifically designed as a decentralized Infura for TON. In the future, Orbs plans to launch more solutions to ensure that DeFi users enjoy a seamless experience.
Orbs also collaborated with Axelar to introduce its token into the Arbitrum ecosystem. The development helps users to provide users with a seamless experience while interacting with the Orbs token. More so, it also allows users of the token to enjoy lower gas costs, and instant transaction speed, thereby making it a cost-effective option.
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