A guide to Orion Protocol and the Orion Pool
Blog post from LogRocket
Orion Protocol is a decentralized finance platform founded in 2018 by Alexey Koloskov, designed to aggregate various crypto exchanges into a single terminal, thereby addressing the fragmentation in crypto markets and NFT marketplaces. It integrates the Orion Terminal, which consolidates decentralized exchanges, and the Orion Pool, which offers market liquidity through locked cryptocurrency tokens in smart contracts. This setup minimizes intermediaries, reduces slippage, and ensures users receive optimal pricing for their transactions. Orion's Delegated Proof of Broker (DPoB) model democratizes and decentralizes the brokerage network, allowing both brokers and non-brokers to stake ORN tokens, facilitating trade executions and enhancing network participation based on token holdings. The platform also provides comprehensive portfolio management tools, enabling investors to track their trading activities, set alerts for market signals, and automate asset management. Its user-friendly interface allows for seamless token swapping, while the platform's decentralized nature is bolstered by audits from CertiK and the use of Elrond smart contracts for rapid execution.