$0.28515257

Orion Protocol is built as a liquidity aggregator, with the goal of pooling liquidity from all crypto exchanges into a single decentralized platform. It also brings together centralized exchanges. The protocol launched in 2020 together with ORN, its utility token.

The initiative focuses on lowering some of the trading risks tied to the crypto market, while also helping users navigate cryptocurrency trading in a more straightforward and intuitive way.

As part of its mission to connect traditional finance with real-world assets through cryptocurrency, Orion Protocol’s main offering is Orion Terminal, designed to act as a single, non-custodial entry point to crypto. 

What are Orion Protocol’s key features and how does it work?

Orion Protocol relies on one API to form, in practice, a full trading ecosystem. By bringing together the entire crypto market, it delivers a wide suite of services and tools that traders can use to take advantage of market opportunities. Among its offerings are portfolio management, trading terminals, liquidity boost, DEX Launcher, and enterprise trading, among other products.

Orion is designed to identify the best trade paths and trading chances, so users don’t need to jump between exchanges or look for opportunities themselves. It also includes the Orion portfolio app, allowing users to handle their assets and review trading-related data from one place. This helps users reach the digital market with access consolidated for improved rates.

The protocol uses a mix of automation and staking of ORN, with ORN serving for voting and to support liquidity. ORN tokens are also the primary payment method within the network and are distributed as rewards for staking. 

What can Orion Protocol be used for?

As outlined, Orion Protocol includes a broad set of products and use cases for traders. A few of the most practical options are described below.

Orion Terminal is Orion’s decentralized platform that gives users access to liquidity across the full cryptocurrency market, without requiring them to hand over their private keys. 

On the Orion Margin + Lending platform, users can generate passive income by lending their assets and supplying liquidity to its decentralized margin trading solution.

In addition, developers can utilize the Orion Developer Kit to build their own decentralized apps on top of the Orion protocol. The Orion DEX Kit further enables blockchains to create a decentralized exchange tailored to their own chain in a short timeframe.

Orion Price Oracle is another notable component. It works to make Orion’s pricing more resistant to manipulation. 

Where can you buy Orion Protocol?

ORN can be purchased on these CEXs: