YFDAI partners with Orion Protocol for SafeSwap Liquidity
Orion Protocol becomes YFDAI’s first major liquidity partner benefitting all SafeSwap-listed projects
Dear Community,
Having already reached some great milestones in the first half of Q1 2021 including the first governance vote in our DeFi ecosystem, we are very excited to announce our partnership with Orion Protocol to boost liquidity on the SafeSwap platform, our decentralized exchange.
Creating a Sustainable DeFi Economy
As DeFi matures and the space begins to attract increasing interest from both traditional finance and mainstream investor communities, fostering a secure and transparent DeFi ecosystem has always been our number one priority. It has never been more important to provide a transparent, and liquid platform for vetted projects to launch from. With illegitimate projects still prevalent in the DeFi space, the YFDAI Finance team have worked hard to build upon an already flourishing ecosystem that promotes sustainable and responsible growth.
With many new launchpads appearing in recent months, taking projects to market has become very competitive with issues that repeatedly occur. Insufficient liquidity is something that damages both the investor experience and the initial growth potential of projects utilising launchpads. By addressing this problem with integration into YFDAI’s SafeSwap DEX that draws in the liquidity of the entire market, Orion Protocol has opened up the potential for nascent DeFi projects to survive past initial launch stages and thrive well into the future.
Enabling Bottomless Liquidity
In less than 6 months, YFDAI has steadily grown its platform into a state of the art DeFi ecosystem that introduces a new standard in decentralization and personal financial autonomy. YFDAI’s SafeSwap is the first decentralized exchanged (DEX) that’s fully committed to security and transparency, as showcased by our rigorous listing criteria. We are now set to drastically improve our order book depth and liquidity through the new partnership with Orion Protocol.
By harnessing the power of Orion Protocol, we are able to offer an unmatched DeFi trading experience to users around the world. Orion Protocol is built on the most advanced liquidity aggregator ever developed, aggregating every CEX, DEX, and swap pool into one decentralized platform. This technology pools liquidity from the whole cryptocurrency market into our DEX, providing SafeSwap users with immediate access to massive liquidity along with the best, real-time prices from every centralized exchange, decentralized exchange, and swap pool. With the integration of Orion’s Liquidity Boost Plugin, SafeSwap-listed projects will also be awarded with a more frictionless user experience, reduced slippage for trading pairs, and meaningful cost effectiveness. This ample liquidity on SafeSwap will also assist projects in becoming more sustainable as they look to continually expand beyond their user base and exchange markets. In addition, Orion Protocol’s native ORN token will also be made available to purchase on SafeSwap providing the best price and minimal slippage.
Richard V., YFDAI’s legal advisor and SafeSwap Manager said “Our DEX is designed to protect users from bad actors in the crypto space by only offering projects that have passed our rigorous vetting process. Between the combination of Orion’s instant liquidity solution and our own SST — SafeSwap Token (which will be launched shortly) to incentivize liquidity, YFDAI’s DEX will be ushering in a new era in DeFi going forward.”
When asked about the YFDAI and Orion partnership, Phil Dow, YFDAI’s Lead Advisor said “For a Dex to be successful liquidity is key, by using the Orion Liquidity plug in SafeSwap will receive deep instant liquidity across all pairs, this coupled with the liquidity package provided by the new SST token along with the new UI ready to be deployed will ensure that SafeSwap offers a seamless trading platform, just without the illegitimate projects that have been plaguing the entire space.”
“We share YDFAI’s mission to build a safe and sustainable future of DeFi. As such, we’re excited to join forces through enabling bottomless liquidity to SafeSwap (their DEX designed to protect users from bad actors in the space) in order to provide the best price and minimal slippage.” Alexey Koloskov, CEO + Co-Founder of Orion Protocol
SafeSwap — Built for the Present and Future
The stage is set for YFDAI Finance’s SafeSwap DEX to become DeFi’s premier destination for new, vetted, DeFi projects while offering an ever-growing list of decentralized finance solutions. Our LaunchPad projects also benefit from the Orion Protocol partnership as they will take advantage of Orion’s Liquidity Boost as soon as they start listing on more exchanges beyond SafeSwap, automatically expanding their order book and liquidity in the process on our DEX.
We look forward to listing more projects on the SafeSwap exchange in the coming weeks and utilizing Orion’s liquidity booster to successfully propel all projects listed on SafeSwap into orbit.
YFDAI TEAM
Important Links:
Governance — https://governance.yfdai.finance
Telegram Governance — https://t.me/joinchat/TjNNP9ipD9ObYLUU
Farming — https://farm.yfdai.finance
Staking — https://stake.yfdai.finance
Website — https://yfdai.finance
Twitter — https://twitter.com/YfdaiF
Telegram Community — https://t.me/yfdaifinance
Telegram Announcements — https://t.me/yfdai
Discord — https://discord.gg/S3GRXRC
Bitcointalk — https://bitcointalk.org/index.php?topic=5295276.new#new
Reddit — https://www.reddit.com/r/YFDAI/
About Orion Protocol
Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one decentralized platform: providing a singular, non-custodial, gateway to the entire digital asset market. By providing access to the digital asset market in one place, Orion is building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.
