Orion protocols are designed to aggregate liquidity from multiple cryptocurrency exchanges into a decentralized platform that provides a single, unmanaged gateway to the entire digital asset market. Founded in 2018 and launched in 2020 by Alexey Koloskov, it aims to solve some major problems in the field of decentralized finance (DeFi).
Orion aims to address the difficulties of executing profitable trades associated with the lack of liquidity on most cryptocurrency exchanges. This is true of both centralized and decentralized exchanges. Orion's solution to this was to aggregate the exchange's order book into a terminal that was easy to use and understand.
The goal of Orion protocols is to help users get the best return on their investment, while reducing the risks associated with using multiple exchanges.
Orion Protocol (ORN) was founded by Alexey Koloskov, who is now the project's chief executive. Prior to Orion, Koloskov was blockchain developer and chief architect of Waves Platform, as well as chief IT Project Manager for UniCredit Bank Russia.
Orion protocols work by collecting liquidity provided by multiple exchanges within the crypto market and presenting it in a common API. The API combines multiple order books and simplifies them for ease of use.
Orion Protocol also provides a portfolio management application that allows users to monitor and record their activity on exchanges, providing them with the ability to set up opportunity alerts and automate asset management.
In addition, Orion provides a marketplace for decentralized applications (DApps) that users can easily access and purchase.