Main bridge for Metamask-blockchains and more.
Orbiter Finance is a decentralized finance (DeFi) platform designed to facilitate the seamless transfer of funds between Ethereum and Layer 2 (L2) scaling solutions. With the growing popularity of DeFi, Ethereum has been experiencing congestion, resulting in high gas fees and slower transaction processing times. L2 solutions, such as Optimistic Rollups and ZK Rollups, offer faster and cheaper transactions, making them an attractive alternative for DeFi users.
However, moving funds between Ethereum and L2 solutions can be a complex and time-consuming process, requiring users to navigate multiple interfaces and protocols. This is where Orbiter Finance comes in — it provides a simple and efficient bridge for users to move their funds from Ethereum to L2 and vice versa.
Orbiter Finance works by using a network of relayers that act as intermediaries between Ethereum and L2. When a user wants to move their funds to L2, they simply deposit their tokens into the Orbiter Finance smart contract on Ethereum. The relayers then confirm the transaction and initiate the transfer to L2. Once the transfer is complete, the user’s tokens are held in a separate L2 smart contract that is managed by Orbiter Finance.
The reverse process of moving funds from L2 to Ethereum is also straightforward. Users initiate the transfer from the L2 smart contract to the Orbiter Finance smart contract on Ethereum. The relayers then confirm the transaction and transfer the tokens back to the user’s Ethereum wallet.
One of the key benefits of Orbiter Finance is its low cost. Unlike traditional bridges that charge high fees, Orbiter Finance charges a flat fee of 0.1 percent for every transaction made on the platform. This makes Orbiter Finance a cost-effective solution for anyone looking to swap cryptocurrencies or transfer funds across different blockchain networks. Additionally, the flat fee structure ensures that users can easily calculate their transaction costs without any surprises or hidden fees.
Another benefit of Orbiter Finance is its fast and efficient transaction processing. The platform utilizes a decentralized architecture that enables transactions to be processed quickly and securely without the need for intermediaries or centralized authorities. This means that users can expect fast and reliable transaction processing times, regardless of the volume or complexity of their transactions.
One of the key features of Orbiter Finance is its user-friendly interface. The platform will provide a simple and intuitive user interface that will enable even novice users to move their funds between Ethereum and L2 solutions with ease. This will be achieved through the use of smart contracts, which will automate the process of moving funds between the two blockchains.
Another key feature of Orbiter Finance is its security. The platform will be built on top of existing L2 solutions, which have already been audited and tested for security. In addition, Orbiter Finance will implement additional security measures, such as multi-signature wallets and insurance funds, to ensure that user funds are safe and secure at all times.
V2 version is live! Now we can move our funds in something like cross-chain version. For example, you can move some USDC from Optimism network and get a USDT in Arbitrum. In few seconds with small amount of gas.
Testnets are also available. You send your test tokens through lots of testnetworks, and the list of them becomes bigger and bigger, for example, recently were add networks like Base from Coinbase, ConsenSys and Scroll.
Orbiter Finance will also provide liquidity to L2 solutions, which is essential for their growth and adoption. By providing a bridge between Ethereum and L2 solutions, Orbiter Finance will enable users to easily move their funds to L2 solutions, increasing the liquidity and volume of transactions on these platforms.
Overall, Orbiter Finance provides a cost-effective, fast, and user-friendly solution for anyone looking to trade or transfer cryptocurrencies across different blockchain networks. Its decentralized architecture and wide range of features and functionalities make it a valuable platform for both experienced and novice cryptocurrency traders and investors.
Website : https://www.orbiter.finance/
Twitter : https://twitter.com/Orbiter_Finance
Discord : https://discord.gg/orbiter-finance