SpookySwap, an automated market-making (AMM) decentralized exchange (DEX), has announced the integration of Orbs’ flagship Layer-3 protocol (L3), Liquidity Hub, as recently disclosed to Finbold on June 3.
With the integration of Liquidity Hub, SpookySwap users can now tap into deeper liquidity sourced from a variety of on-chain protocols on Fantom (FTM).
Powered by Orbs’ L3 technology, the upgrade promises substantial improvements in the overall user experience.
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Optimizing token swaps on SpookySwap
The new deployment on Fantom is the fifth expansion of Orbs’ Liquidity Hub on an Ethereum Virtual Machine (EVM) chain, which underscores its role in improving the SpookySwap user experience.
The hub supports more efficient pricing and offers protection against Maximal Extractable Value (MEV) while enabling gasless trades and boosting capital efficiency through a streamlined interface.
As a fully decentralized and interoperable protocol, Orbs Liquidity Hub allows DEXs to draw liquidity from both on- and off-chain sources without custodial risks or compromises to the permissionless nature of decentralized finance (DeFi).
Functioning as an L3 optimization layer above the AMM, Liquidity Hub taps into external liquidity to provide better price quotes, enabling trades to be executed with reduced slippage.
These features allow traders to capture more value from every swap at no additional cost.
Liquidity Hub’s competitive liquidity sourcing
Liquidity Hub utilizes third-party solvers to provide liquidity for swaps, tapping into AMM pools or private solver inventory.
Moreover, it enables decentralized orders through an application programming interface (API), allowing institutional and professional traders to compete for swaps by submitting bids.
In cases where the layer cannot execute the trade at a more favorable price than the AMM, the transaction defaults to the AMM contract.
Liquidity Hub maintains SpookySwap’s familiar interface, ensuring a seamless and intuitive trading experience.
This integration mirrors similar deployments on other chains, such as QuickSwap (QUICK) on Polygon PoS, zkEVM, Thena on Binance’s BNB Chain (BNB), and IntentX on Base, effectively consolidating liquidity across multiple chains.
