Orion Protocol will deploy the liquidity aggregator and DeFi products on Elrond

Elrond Network founder Beniamin Mincu tweeted that Orion Protocol will deploy liquidity aggregator and DeFi products on Elrond.

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Orion Protocol is one of the emerging players in the DeFi space. Orion hopes to deploy the liquidity aggregator using Elrond's comprehensive toolset and extensible architecture. Orion is building a platform that brings together order books from centralised and decentralised trading platforms, giving traders a deeper level of liquidity in an unmanaged way.

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According to Rhythm's BlockBeats on June 20, the official blog of Orion Protocol announced that the private placement of Orion token currency has officially closed and the team will no longer accept private financing applications, which are more than 300% oversubscribed. In addition, ORN's public distribution will be reduced by 90 per cent.

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The two partners are trying to create an IEO-like fundraising platform where interested participants can use collateral as a benchmark for investment opportunities. As part of this technology experiment, Orion will publicly allocate a small amount of tokens to interested Elrond stakeholders, based on the ERD amount in the deposit contract.

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