Orbs and IntentX Team up to Improve On-Chain OTC Derivatives and Spot Trading

Orbs, a layer 3 public blockchain infrastructure, has forged a strategic partnership with IntentX, the leading decentralized on-chain OTC derivatives exchange, bolstering its foothold in the growing on-chain derivatives market.

According to Orbs' announcement, the collaboration will focus on potential use cases in the on-chain derivatives space using Orbs layer 3 technology, with Orbs playing a pivotal role as a technology provider.

Its newly launched flagship product Liquidity Hub, a decentralized aggregated liquidity protocol for DEXs, will be integrated into IntentX for RFQ spot trading. Besides, IntentX will expand its spot trading to Base and Arbitrum chains via Liquidity Hub.

One of IntentX's key components is SYMMIO's intent-based (or RFQ) core contracts that are used to settle trades and facilitate trade agreements between traders and solvers. Orbs will utilize its layer 3 technology to enhance SYMMIO's contracts.

"Together, Orbs, SYMMIO, and IntentX can have a major impact on the on-chain derivatives market and help take it to the next level by realizing its potential to overshadow traditional DEX-AMMs, just like in off-chain trading platforms," Orbs said in the announcement.