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Cryptocurrencies

Orbs

Orbs (ORBS)

Orbs is a decentralized and public blockchain infrastructure operated by permissionless validators using Proof-of-Stake (PoS) consensus. It functions as a separate execution layer that complements existing Layer 1 and Layer 2 solutions, enhancing the capabilities of smart contracts and opening new possibilities for Web 3.0, DeFi, NFTs, and GameFi.

Overview

Launched in 2019, Orbs addresses security and governance in DeFi, Web 3 protocols, and decentralized applications. It acts as a decentralized cloud platform, enabling developers to enhance smart contracts with Layer 3 backend services. These services, executed by Orbs' PoS validators known as Guardians, eliminate centralization, offering decentralized solutions to existing DeFi applications.

Decentralized execution services

Orbs Lambda

orbs background
Ticker ORBS
Category Infrastructure
Website https://www.orbs.com/
Twitter @orbs_network
Telegram OrbsNetwork
Reddit https://www.reddit.com/r/ORBS_Network/
Contract Addresses
ethereum 0xff...faCopied!
fantom 0x43...70Copied!
binance-smart-chain 0x43...70Copied!
arbitrum-one 0xf3...ddCopied!
polygon-pos 0x61...ffCopied!
avalanche 0x3a...a9Copied!
harmony-shard-0 0xaa...b7Copied!

Orbs Lambda is a decentralized cloud function that simplifies smart contract execution on the Orbs Network. It is similar to AWS Lambda but operates in a decentralized manner, allowing developers to implement functions using JavaScript or TypeScript. These functions are triggered by scheduled intervals, on-chain events, or HTTP requests, enhancing business logic while maintaining decentralization.

Orbs VM

Orbs Virtual Machine (Orbs VM) offers a decentralized virtual environment similar to Docker-based services. It uses containers deployed across the network, executed by validators. This ensures full transparency and decentralization, enhancing smart contract capabilities without compromising decentralization.

Key features
  • Flexibility in programming languages: Orbs VM supports standard containers like Docker, allowing developers to use familiar languages such as Go, C++, Rust, JavaScript, Python, and Java.
  • Continuous availability: Orbs VM operates continuously, enabling event-driven logic within the container, such as monitoring multiple blockchains.
  • Complementary to L1 smart contracts: Orbs VM enriches existing L1 smart contracts, eliminating centralized bottlenecks.

Use cases

  • Price feeds: Orbs Lambda fetches real-time data from external sources, providing accurate price feeds for dApps.
  • Mobile notifications: DApps can send mobile push notifications to users when specific conditions are met.
  • Cross-chain governance: Orbs Lambda enables governance votes across multiple blockchains.
  • Auto compounding: Automates DeFi vault strategies, executing on-chain actions based on triggers.
  • TWAP execution: Implements Time-Weighted Average Price for optimized trade execution.

Protocols and products powered by Orbs

Liquidity Hub

Liquidity Hub is a decentralized layer that optimizes trades by accessing additional liquidity sources through on-chain auctions and decentralized orders. It aims to enhance DEX trade efficiency by reducing the impact of AMM prices and mitigating fragmented liquidity issues in DeFi.

dTWAP protocol

The dTWAP Protocol offers a decentralized solution for executing time-spread algorithmic trades, minimizing large order market impacts. It fully operates on-chain, utilizing the TWAP strategy to divide orders and maintain trading efficiency.

dLIMIT protocol

The dLIMIT Protocol provides a decentralized solution for executing limit orders on DEX/AMMs. It uses an English Auction mechanism to ensure optimal execution prices and fair fees, promoting a decentralized and reliable trading environment.

The Open DeFi Notification Protocol

This protocol offers decentralized mobile notifications for on-chain events. Users can add notifications for their projects, with alerts processed by validators. Notifications can be accessed through an open-source app or communication platforms like Discord and Telegram.

TON.vote

TON.vote is a decentralized DAO voting platform for the TON ecosystem. It ensures transparency in governance through decentralized storage and smart contracts, enabling users to verify voting results independently.

Key features
  • Decentralization: Allows independent verification of votes.
  • Gasless voting: Supports off-chain voting to enhance user engagement.
  • Advanced voting strategies: Users can set conditions for voting power calculations.
  • Snapshot: Records token holdings at specific blocks to prevent vote manipulation.
  • Manipulation monitoring: Provides mechanisms to address unforeseen events.
  • Verifiable UI: Ensures the accuracy of displayed votes.

TON Access

TON Access is a decentralized HTTP API for TON, enabling HTTP queries to the blockchain state from web browsers. It offers unrestricted access without API keys, ensuring decentralized, uninterrupted operation for dApps.

Key features
  • Unthrottled access: No restrictions on request frequency.
  • No API key required: Provides decentralized access without API keys.
  • Serverless operation: Eliminates the need for RPC backend servers.
  • Decentralized trust: Operates through multiple validators for trust and redundancy.

Network upgrades

Orbs V1

Introduced in March 2019, Orbs V1 was the initial implementation of the Orbs PoS protocol, executing PoS elections within its own virtual chain. This laid the foundation for Orbs' transition into PoS.

Orbs V2

Launched in November 2020, Orbs V2 integrated Ethereum's PoW security into the PoS model. It utilized Ethereum's smart contracts for staking, delegations, and rewards, enhancing security and efficiency.

Orbs V3

Orbs V3, launched on March 29, 2022, extended PoS elections to Polygon, creating a multi-chain PoS implementation. This upgrade addressed Ethereum's rising gas costs, enhancing accessibility and efficiency across multiple chains.

ORBS token

The ORBS token is used for payment on the Orbs platform, compensating validators for executing tasks related to consensus, smart contracts, and storage. It plays a vital role in the PoS ecosystem by enabling users to participate in validator elections.

Token distribution

Long-term reserves (55%)

5.5 billion tokens are designated for network development, ecosystem expansion, and PoS rewards, vested over 55 months.

Private sale (20%)

2.0 billion tokens were sold in a pre-TDE private sale for funding, with no lock-up or vesting period.

Team and founding partners (20%)

2.0 billion tokens were allocated to team members and founding partners, vested over 36 months with a 6-month lock-up.

Advisors (5%)

0.5 billion tokens were reserved for external project advisors, vested over 12 months.

Partnerships

Orbs has formed strategic partnerships to enhance its ecosystem. On July 6, 2023, Orbs integrated with Pendle Finance, allowing users to receive notifications for new market deployments. On July 17, 2023, Orbs partnered with Chronos DEX, integrating advanced order types for traders. On July 20, 2023, Orbs collaborated with Convex Finance to provide staking notifications. On August 21, 2023, Orbs partnered with Curve Finance for CRV token unlocking alerts. On September 15, 2023, the ORBS token became available on Chronos DEX, expanding its reach in the DeFi space.

Team

The Orbs project is supported by over thirty contributors across Tel Aviv, London, New York, Tokyo, and Seoul.

Founders

  • Daniel Peled: President & Co-founder
  • Tal Kol: Co-founder
  • Netta Korin: Co-founder
  • Uriel Peled: Co-founder

Senior team members

  • Rotem Yakir: DeFi & NFTs Developer
  • **Yuval Av