On Sep. 17, DeXe, a decentralized social trading network, announced a strategic partnership with advanced liquidity aggregator Orion.
The cooperation will help DeXe traders access the entire crypto market while giving Orion merchants access to market-driving instruments for the sharpest traders.
The DeXe network facilitates users from both platforms to copy professional traders’ transactions without a third party’s participation.
Dmitriy Kotliarov, Co-Founder of DeXe, described Orion protocol as a solution that facilitates the combining of liquidity from centralized and decentralized assets.
He asserted that the strategic move provides an opportunity for DeXe traders to manage the boundless liquidity that Orion will provide.
By tapping into Orion’s Protocol, which offers the first singular, non-custodial, gateway to crypto, users from both platforms stand to gain massively. The collaboration essentially unites both client bases while scaling their contributions to the broader DeFi sector.
Moreover, merchants from top DeFi platforms such as AAVE and COMP can utilize their stablecoins in DeXe’s social trading network.
Increasing Access to The Wider DeFi Space
Essentially, this mutually beneficial collaboration allows DeXe brokers to get to benefit from boundless liquidity, and Orion Terminal clients benefit from admittance to dependable trading instruments.
This industry-first consolidation of the two projects will enable the decentralized copying of most productive traders’ methodologies in a decentralized way.
Dealers can utilize the order book, exchanging assets, and liquidity of the entire crypto-assets market. Therefore they now have the capacity to execute enormous orders with negligible slippage at the best costs.
Orion has made several strategic partnerships in the recent past, intending to develop solutions to traders’ liquidity issues.
The project partnered with cross-blockchain network Aleph.im on Aug.24 to bolster its Protocol’s efforts to provide centralized liquidity in DeFi.
DeXe Could Revolutionize Social Trading
DeXe could disrupt capital management in the professional DeFi community via its decentralized social trading.
The Protocol utilizes self-governing smart contracts to create an online, decentralized, and autonomous digital assets portfolio environment.
Currently, no decentralized trading tool for asset management on the DeFi space allows users to copy or invest in a top trader’s strategies without a third party.
DeXe network now gives users the ability to view transparent statistics from other users and compare each trader’s profitability in a decentralized manner.
If a user chooses to invest in the desired trader, they can use the platform’s autonomous smart contract, which swaps his crypto asset for a trader’s token. The token has a backup copy and is equal in value to the digital asset they invested.
The pro trader leverages the real funds in various trading platforms, thus increasing the user’s volume.
Upon expiration, or whenever the user needs his funds back, he sends the token to the Dexe smart contract and receives his crypto back and a share of the profit that the trader earned.