About Orion Protocol (ORN)
Orion Protocol is a decentralized blockchain platform serving as a liquidity aggregator for decentralized and centralized exchanges. Orion Protocol was founded with the purported intent of supplying users with optimized rates for trading cryptocurrencies across multiple exchange platforms and markets.
Orion Protocol assembles liquidity from a wide range of exchanges to provide users with alleged optimized rates and fees for their trades. The protocol gathers liquidity from exchanges and converts it into a single API that determines the most efficient routes for users. Since Orion Protocol is built on order books, when an order is placed, the aggregator immediately scans for multiple routes until it finds the appropriate trading rates for users.
The ERC-20 ORN cryptocurrency powers the Orion platform and ecosystem. Orion Protocol is an open-source repository for dApps, allowing businesses and developers to access all of the platform's functionality and allowing for the creation of financial tools.
According to Orion Protocol, each transaction across the protocol's multiple solutions contributes to Daily Protocol Volume, resulting in potential rewards for stakers. To participate in the decentralized brokerage, brokers or liquidity providers who want to earn transaction fees for fulfilling orders from users must stake a minimum amount of ORN tokens.
Governance on the Orion Protocol is done through voting, enabling ORN token holders to vote on the amount of rewards ORN pools receive.
The Orion Protocol has made significant strides through its decentralized autonomous organization (DAO), Orion DAO, focusing on democratizing decision-making within its ecosystem. The DAO allows stakeholders to vote on key proposals, which recently included the transition from ORN to a new token, Lumia. This shift to Lumia is aimed to represent a strategic move to enhance the protocol's utility, governance, and appeal to both existing and new stakeholders. By engaging its community in such crucial decisions, Orion Protocol aims to ensure that its developments are aligned with user interests and the long-term sustainability of the platform.
The Orion Protocol boasts many partners from all facets of the blockchain industry, such as BNB Chain, AscendX, Chainlink, Certik, Forbes Finance Council, DAOVentures, and many other notable organizations.
Orion Protocol is known by its token ticker $ORN. The current price of ORN is updated and available in real-time on Binance.