- Orion Protocol integrates Polkadot into the Orion Terminal for immediate access to the DeFi and NFT space of the network.
- The integration of Polkadot is expected to be completed by Q2 2021.
After Orion Protocol announced a partnership with IOG, the development company behind Cardano, about two weeks ago to become the first liquidity aggregator for the network, the team has now announced the integration of another big name in the smart contract space. Orion Protocol will implement Polkadot into its Orion Terminal, following integrations with Fantom, BSC, Huobi’s ECO Chain, Avalanche, Ethereum, Elrond, and Cardano.
As CNF was informed with a press release, the code for it has been successfully migrated to the Polkadot ecosystem via Moonbeam while work has begun on building the UI/UX for integration with Orion Terminal. With this, users of the chain agnostic liquidity aggregator will also have access to Polkadot’s upcoming DeFi ecosystem.
As CNF reported, Orion Protocol is a decentralized gateway to the crypto market that allows its users decentralized access to liquidity from popular exchanges like Binance, KuCoin and BitMax – without having to open an account – as well as decentralized alternatives like Uniswap. The so-called Orion Terminal went live on March 31 with support for the Ethereum blockchain and the Binance Smart Chain (BSC).
This integration of Polkadot is expected to be completed by Q2 2021 and also brings improved interoperability and scalability to Orion Terminal, alongside low transaction costs, low transaction latency, high transaction concurrency and cross-chain asset transfers. In addition, the Orion team stated:
Orion’s Protocol integration with Moonbeam gives them immediate access to the many integrations already integrated, including projects in the DeFi and NFT space, while opening the doors for Orion to access other assets on Polkadot’s fast-paced, growing ecosystem. Polkadot and Moonbeam developers will be able to use Orion’s decentralized gateway to access major CEX, DEX, and swap pools in one place.
With the integration, Orion Protocol thus continues its strategy of focusing on a crypto ecosystem designed for interoperability, as each blockchain offers its own benefits to the Orion terminal – something the DeFi space desperately needs.