Orbs Integrates Perpetual Hub Ultra with Ionex on Plasma
Orbs has integrated its Perpetual Hub Ultra system with Ionex, a decentralized exchange developed by DefiZoo, to introduce perpetual futures trading to the Plasma blockchain. Perpetual futures, or 'perps,' are derivative contracts without expiry dates, tracking underlying asset prices and maintaining balance through periodic funding payments between traders.
The collaboration leverages Orbs' Layer-3 infrastructure, designed to handle complex trading logic beyond standard smart contracts, positioning it as a scalable solution for decentralized derivatives trading. Ran Hammer, Orbs' Vice President of Business Development, emphasized the system's white-label capabilities, enabling DEXs to offer high-performance perps trading rivaling centralized platforms in speed and efficiency.
Developed with Symm.io, Perpetual Hub Ultra features modular components for hedging, liquidation, and oracle integration, sourcing liquidity from both on-chain and off-chain venues, including major centralized exchanges.