Orbit ProtocolPrice

(ORBIT)

Orbit Protocol is a decentralized finance project primarily recognized as a liquidity and money market protocol built on the Blast network. It focuses on providing a platform for the lending and borrowing of digital assets within the Blast ecosystem. A defining feature of the project is its integration with the native yield mechanisms of the underlying blockchain. This allows the protocol to capture yield generated at the network level and pass it on to its participants. Lenders on the platform provide supported assets to the money market to earn yield. In exchange for their deposits, they receive representative assets that track their principal and the interest they earn over time. Borrowers can access liquidity by providing other digital assets as collateral, allowing them to gain capital without selling their holdings. One of the primary goals of Orbit Protocol is to improve capital efficiency and offer more competitive rates compared to traditional lending platforms. It achieves this by utilizing the native yield from the Blast network to subsidize both lenders and borrowers. This approach is intended to boost the returns for those providing liquidity while offering discounted interest rates for those taking out loans. The protocol operates through a series of smart contracts that manage the pooling of assets, interest rate calculations, and collateral requirements. It also incorporates a liquidation mechanism where designated participants monitor the health of loans to ensure the system remains solvent and over-collateralized. This structure helps protect the protocol from market volatility and maintains the stability of the lending pools. The native token of the protocol plays a central role in its incentive structure. It is used to distribute rewards to users who participate in the ecosystem, effectively serving as a bridge to bring future network-wide yield into the present for its community. Through these mechanisms, Orbit Protocol aims to create a user-centric financial environment that maximizes the benefits of decentralized yield-bearing technologies. Learn more

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