Twitter asking for an insight into the Orion Whitelabel DEX and what it means for Orion Protocol.
Let’s open that up some more to help you understand what’s coming.
The Orion Whitelabel DEX offers the opportunity for CEXs (centralized exchanges) to provide decentralized liquidity to their previously siloed centralized liquidity. What does this mean for CEXs, though, and how does it benefit Orion users and the crypto space? There’s a wealth of opportunities for each.
First, it’s important to realize that CEXs require an account to trade and any assets you have on that exchange are owned by them, not you. Not your keys, not your coins. Say it out loud again, just so you remember. Not your keys, not your coins.
You must sign up to the centralized platform, hand over your own personal details regardless of ‘wanting’ to do so or not. Orion Protocol as a decentralized liquidity aggregator, not only solves this security and ownership issue as users connect with their own wallet and keep ownership of their own assets, it brings an ocean of deep liquidity at the same time.
With this in mind, centralized exchanges face a growing landscape of users wanting to have ownership of their own funds, gradually turning to decentralized avenues to trade their crypto. Orion’s Whitelabel DEX solves this conundrum as it means CEXs can offer users a decentralized solution for trading digital assets while maintaining their current branding. A customizable branded DEX makes for a seamless transition into DeFi and allows users to continue to identify with that exchange’s branding without losing customers to another entity offering decentralized trading.
Building DEXs costs time and money for exchanges and so far, they have either not taken off or further isolated their own liquidity with little-to-no uptake. The Orion Whitelabel DEX instead enables those same CEXs to offer a decentralized route to their own existing liquidity through Orion Protocol’s ever-growing broker network.
For CEXs, it’s a streamlined and efficient option for this self-branded DEX platform through Orion’s Whitelabel DEX Kit. It ensures CEXs are up and running in no time with their new DEX and possess the accessibility for decentralized trading. Orion’s Delegated Proof of Broker mechanism makes this happen.
Gravitating towards the decentralized space brings CEXs wider access to new users. Individuals can now take part in trading using their own wallets, ensuring ownership of assets belong in their own wallet, not in custody of the CEX.
As one of Orion’s B2B solutions, every transaction via this liquidity occurs as a transaction on the protocol, and once Main Net Staking goes live, it generates returns for users staking their ORN.
The millions of users that Orion taps into for one exchange using Orion’s Whitelabel DEX means each new exchange connected can significantly increase Orion’s liquidity and, therefore, staking returns. There will be no ceiling to the potential staking APR for all of Orion’s B2B solutions, as it is based on daily protocol volume. An exciting prospect.
And just one more thing… Orion Whitelabel DEX is just one of Orion’s growing list of 18+ revenue streams. We think you get the picture.
🙌 RT to be awesome 🙌
Virtual high-fives complete.
Beauty write up Andrew. You are on fire brother
Thanks for letting me know that. 👍
No worries bro. Your threads and marketing is nice to read, but you reach not a lot of people unfortunately. What's the marketing plan to reach the retail and increase userbase?
Import question ‼️
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