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.