Orbs & Krystal Team Up to Focus on DeFi

Orbs, a company that is creating an open-source blockchain, and Krystal, a crypto wallet that offers major functionality in a single place, are working together to make DeFi easy for everyone.

Orbs recently announced a new platform called Liquidity Nexus, which allows liquidity farmers to provide ETH, but still, earn in ETH/USDC.

According to a press release shared with Blockonomi:

Krystal was created by the team from Kyber and is an advanced cryptocurrency wallet that provides an all-in-one DeFi platform, available on Android and iOS mobile apps.  Krystal provides a frictionless and secure DeFi experience with the following key features:

  • Seamless token swap: Integration to top DEX platforms, such as Kyber Network and Uniswap, to provide token swap functionality for about 30,736+ token pairs.
  • Token Lending for interest: single-click lending and withdrawal services with AAVE and Compound to provide convenient lending services for any user.
  • Hassle-free portfolio management: convenient portfolio management tools so that you can easily monitor and track your assets across multiple platforms and stay on top of your DeFi game.
  • Solid security: Krystal is non-custodial and does not hold your assets at any time. All Krystal smart contracts have been fully audited by external third parties.

Orbs and Krystal Are a Great Fit

Orbs blockchain is all about inclusion, and the working partnership with Krystal will likely see the Orbs’ token listed in Krystal’s wallet, which is good from a liquidity standpoint. The markets thrive on liquidity, which is good for everyone in the DeFi ecosystem.

Accoding to Orbs:

“The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect validators in a secure and decentralized manner.”

As a PoS blockchain, Orbs is in a good…

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