Orbiter Finance Upgrades Orbiter Bridge to Orbiter X
On February 23, it was reported that the Orbiter Bridge function of the Orbiter Finance across the Rollup Bridge of Layer2 will be upgraded to Orbiter X. The n…
On February 23, it was reported that the Orbiter Bridge function of the Orbiter Finance across the Rollup Bridge of Layer2 will be upgraded to Orbiter X. The new functions include cross-token and cross-address transmission, and optimizing the revenue of Maker with less gas consumption. In addition, Orbiter X retains the security mechanism of Orbiter Bridge based on saferollup technology.
Orbiter Bridge will be upgraded to Orbiter X, and closed test has been started
Interpret the above information:
Orbiter Finance, a decentralized finance (DeFi) platform, has announced the upgrade of its Orbiter Bridge function to Orbiter X on Rollup Bridge of Layer2. The upgraded function is expected to cater to the growing demand for more efficient cross-token and cross-address transmission, ensuring faster and more cost-effective transactions while enhancing Maker revenue generation.
The upgrade to Orbiter X is a significant milestone for Orbiter Finance and the DeFi industry as it introduces cutting-edge functionalities while retaining the platform’s security mechanism. The cross-token and cross-address transmission capabilities of the new version will enhance the interoperability of the platform and its accessibility to a wider audience. It also aligns with the industry’s vision of creating an open financial system that empowers individuals and eliminates intermediaries’ control.
Orbiter X is designed to optimize Maker’s revenue generation by reducing gas consumption, leading to a better user experience, faster transactions, and more revenue for Maker. This is expected to create more incentives for liquidity providers and foster more innovative solutions across DeFi platforms.
Moreover, the Orbiter bridge has a security mechanism based on saferollup technology, which protects against attacks and fraudulent activities. This feature ensures that users’ funds are safe and secure while transacting on the platform, enhancing user confidence and trust.
In conclusion, the upgrade to Orbiter X represents a significant step towards enhancing DeFi ecosystem, providing faster transactions, and optimizing revenue generation for Maker. With cross-token, cross-address transmission capabilities, Orbiter X will create more liquidity opportunities, incentivize providers while retaining security mechanisms to ensure a seamless user experience.
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