Orbs, a Layer 3 liquidity protocol, has launched Perpetual Hub, a comprehensive on-chain solution for trading perpetual futures. This innovative platform marks a departure from traditional order book and virtual liquidity mechanisms, which have long been criticized for their inefficiencies in capital utilization. By introducing an intent-based paradigm, Perpetual Hub empowers traders with a robust suite of tools to maximize value from on-chain perpetual futures.

Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs' cutting-edge L3 technology to provide traders with the necessary resources to trade perpetual futures on-chain with CeFi-level execution. According to Ran Hammer, VP of Business Development at Orbs, "This launch opens a door that has previously served as a blocker for people in blockchain. Perpetual futures are significantly more popular than spot trading, and we now offer the best solution for perpetual traders on-chain."

Perpetual Hub's intent-based approach benefits both market makers and traders, offering a trifecta of services: Price Oracle, Liquidator, and Hedger. Hedger, a market maker, fills user orders and provides liquidity through a SYMM-driven front end, while also accessing unmatched liquidity from external sources like centralized exchanges. Liquidator, on the other hand, enables the liquidation of a trader's position if the collateral value falls below the maintenance margin threshold, with liquidators earning a fee for their services. Price Oracle, the third component, ensures precise pricing by providing reliable on- and off-chain data, essential for proper order execution, liquidation detection, and uPnL calculation.

By harnessing the power of the Orbs Network, its Guardians, and proof-of-stake ecosystem, these three software solutions enable platforms, market players, and third parties to provide and run a range of decentralized services for perpetual futures trading. With a total value locked (TVL) of $3.4 billion in on-chain derivatives, Perpetual Hub has the potential to improve all aspects of trading perpetual futures, from price to order execution, leading to increased TVL, enhanced user experience and safety, and boosted confidence in on-chain perps markets.

In conclusion, Orbs' Perpetual Hub revolutionizes on-chain futures trading with its intent-based solution, offering a comprehensive suite of tools for traders and market makers alike. By addressing the inefficiencies of traditional mechanisms, Perpetual Hub paves the way for increased adoption and growth in the DeFi industry, further solidifying Orbs' reputation as a leader in web3 and DeFi innovation.