Orbs and Kristal Multicurrency Wallet Join Hands to Promote DeFi

Orbs–a Proof-of-Stake (PoS) blockchain platform which offers, among many other things, predictable fees for businesses to scale with–is partnering with Kristal–a multicurrency wallet provider with baked-in military-grade encryption and DeFi features–, as per a press release on Apr 29.

Partnering for DeFi

The collaboration aims to advance DeFi–an emerging field in cryptocurrency that rides on blockchain properties to drive financial inclusion in a trustless environment. 

It is a benefit since both projects are globally accessible, broadly offering a mix of security, security, and a means of earning passive income. 

Kristal would offer support for the ORBS coin on the newly launched Kristal wallet. 

ORBS is used as a means of payment in the Orbs ecosystem and for staking. 

The partnership would see the two join hands in creating DeFi-related educational content. Furthermore, they would help each other in the promotion and marketing of DeFi projects or initiatives launched by each.

DeFi Features Available from the Non-Custodial Kristal Wallet

The creators of the KyberSwap DEX built the Kristal wallet. 

It is available on mobile and is a one-in-all DeFi platform with several distinguishing features of note being its asset and portfolio management tools. 

For ease of token swapping, the wallet provider has integrated several DEXes like Kyber Network and Uniswap. 

Through this, wallet holders can trustless swap over 30k token pairs assured of security since their codes are audited by third parties. 

Besides, by collaborating with Compound and Aave, their users can instantaneously lend and withdraw their assets through a single click. 

Orbs Network Launched the Liquidity Nexus

Preceding this partnership was the Orbs network’s launch of Liquidity Nexus. This DeFi project allows farmers to earn more rewards from their assets since it integrates a single-sided feature. 

Using Liquidity Nexus, Orbs ingeniously improves the liquidity of the DeFi ecosystem through a CeFi liquidity portal which directly gives access to leading DEXs like Uniswap or Pancake Swap. 

In this arrangement, it would be possible for users to provide one side of the two-sided equation standard in AMM-powered DEXes. Here, DeFi users can only supply one asset, like ETH, while earning rewards.

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Orbs Network (ORBS) Holders Can Now Stake Directly from MetaMask

It is now possible to stake, hold, and swap ORBS tokens directly on MetaMask, a top plugin wallet that grants access to the Ethereum blockchain, as per an update on Apr 13.

Tetra Connects to MetaMask

This follows the connection of Tetra, the official staking wallet of the Orbs project, to MetaMask.

It is now possible for MetaMask users and ORBS holders to stake their tokens through the Tetra application accessible on mobile and desktop.

Developers ensured that the process is simple.

Therein, straight from MetaMask, users can navigate Tetra’s webpage and stake.

Additionally, with the connection to MetaMask, there is safety and simplicity even for users who are new to crypto, Ethereum, and the plugin wallet.

ORBS Trustless Swapping Possible

Over time, MetaMask continues to build, aligning with the needs of their millions of global users. At the core, MetaMask supports the secure storage of ETH and its tokens.

However, in 2020, it announced that users could use MetaMask to trustlessly swap tokens straight from the wallet. For best pricing, MetaMask would aggregate feeds from some of the leading DEXes so that users get the best prices.

This means, because of ORBS’ listing on Uniswap and Balancer—two leading DEXes, MetaMask users can easily swap their tokens for ORBS.

MetaMask and Orbs Network are Global Projects

Reflecting the state of Ethereum that is public and open to the public, MetaMask is freely accessible and available for download at several web browsers, including Chrome and Firefox. According to Chrome and Google Store stats, MetaMask has over three million downloads.

At the same time, it is easy to use as most users are satisfied, giving the wallet a four-star rating from over 1.9k reviews.

By Q3 2020, MetaMask had on average over one million monthly active users spurred by the rise of DeFi and gaming.

The same ease extends to stakers of the Randomized Proof-of-Stake (PoS)-powered Orbs blockchain.

The Orbs platform uses a hybrid architecture and is interoperable with Ethereum. Their solution addresses several fundamental challenges faced by users, the prominent being scalability. Already, Orbs has partnered with Kakao—a South Korean giant with over 50 million users.

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