Alexey Koloskov on Orion Protocol's exchange aggregator platform

0:24yeah i'm really excited for our discussion today i'd love to kick it off with just an overview of what exactly is the focus of orion protocol right now and what are the main problems that your team is solving for yeah so the main focus of our project and of our orion protocol is a building liquidity aggregator and we already built the most advanced liquid

0:47aggregator on the market which aggregate liquidity order books trading pairs of every centralized debt centralized exchanges liquidity pools into into one digitalized platform so we created first the centralized portal to the entire crypto market as a result traders no longer need to waste time exchange open so traders can excess liquidity

1:15of entire crypto market in one place trader no longer need to worry about finding the best price inside our aggregator we built a smart routing solution which finds the best prices and lowest in the lowest fees possible on the market with almost zero slippage and zero spread the third great benefits to traders that traders

1:43no longer need to risk their assets to access liquidity so traders can simply connect their wallets to our terminal to orion and execute trades directly from their cold wallets accessing accessing all the available liquidity without the need of any exchange accounts

2:11that's really interesting alexi and sounds like a huge problem in the industry right now was this something that you personally found a problem in the industry where you had to switch between exchanges or just registering for all these different protocols and was that why you initially had created orion yeah for sure so in my opinion the biggest the biggest

2:38issues in the industry right now is fragmentation centralization and eventual liquidity there are there are ten tens of thousands of exchanges of assets that spread a lot across all of these exchanges and this can be really daunting for newcomers so this is our space further sealed

3:08between centralized and death entities and we've seen recently huge growth in the in decentralized exchanges which is still lack of liquidity and lack of a good terms and conditions for traders so yeah this is that was the main the main reasons behind rant and the main issues that we are trying to solve

3:35and with the platform has gained quite a bit of popularity already and you keep expanding do you have plans for helping to achieve widespread adoption of this technology beyond just the cryptocurrency traders and more into the mainstream definitely adoption is the most important part part here because

4:04We can we can see that steel cryptocryptin industries are relatively slow compared to with traditional markets and what's more important here is crypto industry and blockchain technology actually helps to solve to helps to solve problems

4:33much easier and much much cheaper than traditional markets like creation creating financial products creating some settlement functionality some products that requires funds and other other solutions i can be built on blockchain solution much more easier than in traditional markets so for sure when

5:00we eliminate and reduce existing issues in encrypted space this opens wider wider possibility for increasing and emerging of new products in the market yeah i definitely could see how a lot of institutional investors that aren't already in cryptocurrency and

5:26haven't gotten used to switching between platforms and you know spending all this extra time to trade are you could use orion protocol to get more involved have you noticed institutional interest in this kind of technology and do you see that as a big part of growing the industry yeah yeah we definitely see that institutional interest and interesting institutional

5:54Parties increase significantly especially this year and institutional actually search for solutions that they already already get used to in traditional markets so they want to have a greater liquidity as they want to see their products that already have all a tray and for example trading

6:22features training functionality created in one platform and as they for sure they search for more sophisticated tools that can that can be used and currently with this see this trend in crypto specials also many new interesting tools already emerged already created that allows

6:49fictitious institutional artists to come to crypt with orion they receive even more more great experience in crypto because as i already said if we aggregate and provide single access point to all crypto markets for sure it's a

7:19significantly simplified institutional investors institutional traders to enter into the market and they don't they know there is no more need for them to have multiple accounts to analyze and to incorporate in their systems all differences on

7:49different projects different apis of multiple exchanges for example they can on the country using orion they receive much easier much easier access to crypto to group them to crypto markets you definitely have a solid offering with the current products that are already built into orion protocol but as i was researching i know that your team is

8:16coming up to a brand new release with new functionality with the orion terminal now can you explain what is the new offerings that are coming in with orion terminal and how will that benefit the users in the industry yeah definitely after rigorous testing by our brokers in private mainnet we are releasing phase one of our orion terminal

8:45In public in public mainnet and it will be leave on december 15th early access will provide it based on the share rankings through a referral scheme full wide spread access will be leave earlier in quarter one next year but already in december we will we will start our terminal and we will on board new new traders and

9:15users in our platform we already have received a lot of applications up to our platform and will provide access greatly so with the new release it's it's in it or in december it will be full functional release with ability to trade deposit withdraw asset store trade across major pairs to swap between assets but in the coming months

9:47more features will will be implemented so we will continue and improve our efficiency of all our models our services because efficiency as is the core in our protocol because for sure aggregation

10:13is more sophisticated service then just simply access to one exchanges we need to occur to combat and to for speed for milliseconds actually here so next month we are planning updates and new products on top of protocol yeah it's exciting to see that release coming for the early users on december 15th and part of that update i was researching includes orion

10:41orn staking can you talk about who can stake what are the benefits to staking and are there incentives to do so yeah sure so staken is really underpins our orionic system because our protocol is built on a network of brokers actually brokers is their users who run around our orion broker

11:09software with success across to multiple exchanges and through serious brokers and through his run broker software will allows automatic execution of trades routed from our liquid aggregator where their trading accounts so yeah broker broker network will be completely decentralized so

11:36broker don't brokers don't need to trust any supporter than or share api keys or other things it's completely stored on the local machines what actually orchestrate all this network is our decentralized delegated proof of broker mechanism and

12:04which requires staking of orion into a smart contract which play a role as a collateral for trade settlements the other important part of staking is a broker are chosen based on how much orion are token its native token foreign system on how much broker state so broker receive

12:30So the more the more broker stakes the more frequently he will be chosen frequently he will receive orders and eventually the motor in fees broker received and this is the core part as i said staking for brokers but we also allows we called it non-broker stay stickers mechanism where

12:57other people can vote for before specific broker so they can us vote and stay for specific programs and broker later will share rewards share their transaction fee with people who vote for them so it's a mechanism that from the one side

13:25prevents monopolization of brokers because sure broker will be more interested to the provider greater to increase their stake they will be incentivized to provide greater terms for their their stakers for their voters the yeah they incentivize to attract

13:52More more more rates more non-broker stakers and this will increase the chance to carry out trades therefore increasing their rewards so yeah this is two to two type of staker staking mechanism which for first type of users that wants to run their their own broker notes it's more it's more

14:20Longer process but it allows to receive more rewards but for non-broker is there is no specific requirements to run any nodes people simply stake for specific broker and receive a reverse share that's really interesting i'm looking forward to seeing that released alongside the terminal now we're running out of time alexi but one last question that i have

14:49is what do you see as being one of the major key factors to the long-term success of orion protocol actually we're always looking for the current market for the current demand as you can see and as our community can see we are trying to solve only the real the current problems on the market so

15:17The long-term sustain is the first lies in steady and solid revenue streams and for this reason we don't we don't only focus on the protocol itself but we were also working on creating many products on top of this product so we already identify a lot of a lot of products a lot of

15:44features that we will implement very soon such as high margin trading such as leveraged ctf derivatives and ft tokens trading on our platform and we also have a big division of b2b solutions for other blockchain projects for other separate exchanges such as like right or oracle price such as price oracle such as wallet

16:13scope sdk collateral optimization ran enterprise trade liquidity boost plugin many other products are already identified by us and we're already working on them so we will will evolve a number of products and new type of instruments that will be run on orion product

16:40and if the viewers are interested in following alongside the new product releases to learn more about orion terminal and just to get involved with the orion protocol community what's the best way for them to learn more so yeah guys we also we're waiting you in our telegram account ryan protocol and twitter account there are lots of information on our

17:05website orion protocol.io and we have a computer we also have comprehensive block which is regularly updated also now sideblock dot that i o so please visit please stay tuned for our updates please subscribe to early access of ryan train terminal and see you soon thank you alexi i will leave those links in the description box below

17:32all the best moving forward with orion protocol all the best with the orion terminal launch and let's follow up in the near future yeah thank you guys thank you