Orion Protocol DEX will have its own staking mechanism integrated with its trading interface
Liquidity Aggregator DEX, Orion Protocol will soon have pre-staking in it’s mainnet
Decentralised staking is coming to the Orion Terminal that is a liquidity aggregator, a DEX having the combined liquidity of its partnered CEX(centralised Exchange) and DEX (decentralised exchange) platforms. Here traders can trade cryptos accessing the liquidity of popular CEX and DEX platforms while getting the best price and fees for their crypto trades.
All this is explained in my previous article which provides an introduction to Orion Protocol, which can be read here - https://peakd.com/hive-167922/@mintymile/checking-out-dex-alternatives-to-cex-with-orion-protocol.
Staking for Orion Protocol is currently happening in CEX platforms and Uniswap
Right now, one can stake ORN (Orion) in two ways which will change soon as Orion Protocol is going to have decentralised staking in its own terminal. Last year in June staking was introduced for ORN, with pre-staking on CEX platforms Kucoin and AscendEX.
Later, decentralised staking was made possible with Orion Protocol’s Liquidity Mining Program on Uniswap which provided rewards to Liquidity providers.
Now there will be Orion pool in the Orion Terminal where stakeholders can do staking
Now, instead of pre-staking on CEX platforms, one can pre-stake on Orion Terminal that is ‘pre-mainnet staking’ and then instead of providing liquidity on Uniswap Platform, investors can be liquidity providers (LPs) on the Orion Pool within the Orion Terminal. All of Orion’s previous staking initiatives will be combined, shifted and brought into the Orion Terminal.
Orion Terminal’s current interface will be integrated with Orion’s upcoming staking mechanism
Orion’s Automatic Market Maker(AMM) solution will be integrated with Orion’s current swap interface that would make Orion Terminal the sole user interface (UI) where LPs can add/remove liquidity, earn staking rewards while Governance stakers can vote on the protocol and traders get needed liquidy for their crypto trades and swaps.
Governance stakers, will vote on the rewards that various LP pools would receive in the protocol while also vote on future assets that can be listed on the protocol.
Rewards for both LPs and Governance stakers
Orion Pools’ swap fees will be rewarded to both LPs and Governance stakers. This pool reward will be 0.3%, ⅔ of which go to LPs and ⅓ go to Governance stakers in addition to the staking rewards which they are already receiving.
Orion terminals’ pre-mainnet staking will launch with these four Orion pools on the terminal ORN/ETH, ORN/USDT, ORN/BTC, and ORN/BNB, that would be open to receive liquidity from LPs.