Polkadot powered reinsurance platform UnoRe integrates with Orion Protocol »CryptoNinjas

Orion Protocol, a layer-2 solution that gives users access to deep, cross-chain liquidity through DEXs, CEXs and swap pools, today announced UnoRe as the latest partner to use the Orion Liquidity Boost Plugin (LBP). This integration will provide additional liquidity to UnoRe’s reinsurance risk pools while adding additional volume to the Orion network.

UnoRe is a unique Polkadot-based reinsurance platform that allows retail users to invest and trade in insurance products. Because it is the world’s first solution to enable decentralized reinsurance, greater access to the general public can be achieved without the need for a lot of capital. UnoRe provides more transparency in the industry and thus the community can be involved in proposals for new and innovative products.

UnoRe + Orion

The integration with the Orion Protocol brings cross-chain liquidity from CEXs, DEXs and swap pools to UnoRe’s risk pools. UnoRe also provides reinsurance for the insurance protocols used by the Orion Protocol, giving users an extra layer of protection.

Meanwhile, Orion traders will have the opportunity to access UnoRe’s risk trading platform through Orion Terminal; being able to trade UnoRe’s reinsurance risk pools and derivatives. Orion users can also participate in UnoRe’s risk pools for high returns.

As with any DeFi enterprise product, Orion receives a transaction fee. This is fed back to the decentralized brokerage and to the non-brokers as a reward. Furthermore, UnoRe strengthens Orion’s bond with the Polkadot ecosystem; with integration for Polkadot set for the Orion Terminal.

“Partnering with the world’s first decentralized reinsurance platform is an exciting prospect. We are creating an even higher level of access for Orion users to be able to use UnoRe’s risk trading platform via the Orion Terminal. UnoRe is a welcome addition to our growing network of Liquidity Boost Plugin partners looking to drive expansion through endless liquidity. “
– Alexey Koloskov, CEO of Orion Protocol

Each of Orion’s LBP partners have one thing in common: the need for liquidity to make their project sustainable. LBP customers are handpicked and fully vetted as top quality partners who focus on user base growth as a key measure of success. Any transaction using Orion liquidity will result in a transaction on the Protocol with regular fees, adding to the daily protocol volume. ORN staking rewards are generated through transactions on the protocol and will therefore increase through B2B partnerships.

“UnoRe and Orion share a common mission to expand existing DeFi networks; while removing current barriers to financial instruments. Our partnership with Orion Protocol enables UnoRe to access additional liquidity from the entire crypto trading community. Users can now trade directly from Orion’s trading terminal on our risk trading platform. “
– Sujith Sizon, CTO and Co-Founder of UnoRe

About Cryptoplatforming.com

Cryptoplatforming.com is a news websites which gets news around the globe on investing in Crypto. Our news has no backgroundcheck.

Leave a Comment