Orbs Integrates Perpetual Hub Ultra with Ionex DEX
Orbs has connected its Perpetual Hub Ultra system with Ionex, a decentralized exchange (DEX) by DefiZoo. This partnership brings perpetual futures trading to the Plasma blockchain. Perpetual futures, or “perps,” are contracts without expiry dates. They track the price of an asset and remain balanced through regular funding payments between traders.
Orbs’ Layer-3 infrastructure adds an additional blockchain layer. It executes complex trading logic beyond standard smart contracts. This makes it a scalable solution for decentralized platforms offering derivatives trading.
Ran Hammer, Vice President of Business Development at Orbs, said, “Perpetual Hub Ultra makes it possible for any DEX to offer customized, high-performance perps trading with a full white label stack. By integrating with Ionex, we set a new standard for decentralized markets that rivals centralized trading in speed and efficiency.”
Features of the Integration
Perpetual Hub Ultra was developed with Symm.io as a modular trading infrastructure. It includes systems for hedging, liquidation, and oracle integration with real-time asset pricing data.
The system sources liquidity from both on-chain and off-chain platforms. It connects with major centralized exchanges like Binance. This helps decentralized platforms access deeper liquidity without building new networks.
An intent-based trading model powers the system. Traders state the type of trade they want. Solvers then execute trades by finding the best prices across markets. This model, common in decentralized spot trading, is now applied to perpetual futures.
Ionex and Plasma Blockchain
On the Plasma blockchain, Ionex acts as a decentralized exchange and liquidity marketplace. It supports token swaps, liquidity provision, and community-managed governance.
Ionex’s MetaDEX module unites spot and perpetual trading on one platform. MetaPerp, a perpetual trading product built on Perpetual Hub Ultra, lets users maintain full control of their assets. It offers leverage up to 60 times and trade execution in under 100 milliseconds.
This integration aims to enhance decentralized trading infrastructure. Platforms like Ionex can offer more complex financial products with speeds close to centralized exchanges.
