Overview
Orbiter One is a non-custodial lending protocol and DeFi hub focused on cross-chain interoperability. By using Intergactic Whiskers Brigade NFTs minted using ORB Token earned from lending, users can stake and earn additional rewards, lending and cross-chain deposits to seamlessly participate in other DeFi ecosystems without leaving Moonbeam. Orbiter One’s cross-chain aggregation powered by Swing ensures cross-chain functionality for users. The Orbiter One protocol has been audited by Solid Proof.
Protocol function
Currently, Orbiter One only supports the Moonbeam network. It will be officially deployed to Arbitrum and zkSync in the future to integrate users and liquidity between different EVM networks. Orbiter One also provides users with a variety of different DeFi solutions and special features, as follows:
1. Loan
Orbiter One provides lending functions for a variety of assets, including GLMR, xcDOT, WETH.wh, and USDC. It can be noted that the supply apy of xciBTC recently launched is relatively high.
2. Yield Farm
Orbiter One recently launched a revenue farm function, where users can earn revenue by providing designated trading pairs and liquidity of specific assets to the protocol according to their preferences. Currently, Orbiter One only opens the options of its native token ORB and ORB/GLMR trading pair. The income and current situation are as follows.
3. NFT casting and staking
Orbiter One also issued its own series of NFTs called the Intergactic Whiskers Brigade. Intergactic Whiskers Brigade is an NFT series that combines passable kittens and interstellar adventure. Each Whisker NFT provides the owner with exclusive governance rights over the Orbiter One lending protocol, allowing them to control the direction of the platform. By owning this NFT series, users will be able to become a pioneer in decentralized finance and assist Orbiter One in its future growth. In addition, users can also stake their NFT directly on Orbiter One to earn income. Currently, more than 99% of NFTs are pledged in the agreement, and the APR is as high as 115.77%.
4. Lottery
In addition to the general lending agreement, Orbit One also provides lottery drawing functions. Users can buy lottery tickets, select 6 different numbers, and the protocol will draw the lottery within a certain time. As the number of participants increases, the prize pool figures will also be provided accordingly. Users will receive different levels of rewards based on how closely the purchased number combination matches the six numbers finally drawn.
ORB Token
ORB Token is currently only supported on the Moonbeam network and can be used through beamswap.io. However, using Orion Bridge (orionbridge.xyz), ORB Token can easily bridge between Moonbeam, Arbitrum and zkSync networks. This enables users to participate in the Orbiter One Sweepstakes and mint Intergalactic Whiskers Brigade NFTs. In the future, ORB Token will also be supported by more liquidity on Moonbeam, Arbitrum and zkSync.
summary
Although Orbiter One’s TVL and liquidity are lower than Moonbeam’s leading lending protocol, Moonwell, its unique lottery function brings different fun to users. Perhaps Orbiter One will grow into another leading lending protocol in the Moonbeam ecosystem as the deployment network expands in the future. If you are interested in this project, you can follow the official Twitter: https://twitter.com/OrbiterOne for the latest updates.
Orbiter One is a non-custodial lending protocol and DeFi hub focused on cross-chain interoperability.