To connect various layer-2 blockchains, a platform that presents a leading bridge solution is Orbiter Finance.

 

Focusing on fast and efficient cross-network connections, Orbiter Finance enables low-cost and near-instant transfers of crypto assets between different networks.

 

To better understand what Orbiter Finance is all about, from its features and development to how to receive it, check out the full review below!

 

What is Orbiter Finance?

Quoting alchemy.com, Orbiter Finance is a cross-rollup decentralized bridge for transferring Ethereum-native assets. It offers low-fee and near-instant transfers.

 

Orbiter supports cross-rollup transfers (e.g. ETH, USDC, USDT, and DAI) between Ethereum, StarkNet, zkSync, Loopring, Arbitrum, Arbitrum Nova, Optimism, Polygon, BNB Chain, ZKSpace, Immutable X, dYdX, Metis, and Boba.

 

In addition, Maker has launched on the testnet, and you can become a Maker to receive liquidity immediately.

 

Orbiter Finance’s Top Features

 

 

Quoting docs.orbiter.finance, here are the top features of Orbiter Finance that you need to know about, including:

 

1. Security

Orbiter Finance gains security from rollups, resulting in minimal risks associated with synchronizing network data. This is because rollups synchronize their data with the main network, thus ensuring the security of the transfer process.

 

2. Compatibility

By supporting non-EVM L2 and L3, as well as EVM rollups, validium, and Dapp-specific rollups, this diversity enables a wide range of use cases, making Orbiter Finance an attractive option for users seeking flexibility in transactions.

 

3. Speed

Orbiter Finance’s turnaround time is exceptional, making it the fastest solution available. Transactions between two EOAs can be completed within 10 to 20 seconds.

 

4. Cost Efficiency

Orbiter Finance also offers the lowest base network cost, which is the sum of the gas fees for transactions between two EOAs on both the source and destination networks. Other solutions can rarely be found at a lower price than Orbiter Finance.

 

5. Openness

Orbiter Finance has developed a decentralized incentive front interface that allows third-party DApps to establish front interfaces compatible with the roll-up cross-bridge protocol.

 

This is significant in Orbiter Finance’s efforts to achieve absolute decentralization and trustlessness.

 

How Orbiter Finance Works

Quoting argent.xyz, Orbiter Finance works using two roles, the “sender” and the “maker.”

 

• Sender: Sends funds from the initial network or “source” – such as Ethereum to the creator.
• Creator: After receiving the funds, the creator sends the funds to the sender on the destination network – such as StarkNet.

 

Creators must deposit excess funds in the Orbiter contract before offering cross-rollup services to “senders.”

 

This margin is used as compensation if the sender does not receive their funds quickly from the creator. The creators earn revenue with every successful transaction.

 

Roadmap Towards Ultimate Trustless

Quoting docs.orbiter.finance, Orbiter Finance has achieved tremendous success in the cross-rollup market since its inception.

 

It built a substantial user base and has been key in connecting rollup environments and collaborating with various DApps to drive ecosystem growth in the cross-rollup space.

 

However, some decentralized projects face challenges, such as censorship or glitches in their user interfaces, which cause users to lose direct access to decentralized products.

 

To address these issues, we have developed various incentive mechanisms. These mechanisms empower third-party DApps to create front interfaces that support the roll-up cross-bridge protocol.

 

This decentralized incentive front interface is an important milestone in Orbiter Finance’s journey toward complete decentralization and trustlessness.

 

In addition to the previously mentioned roles in the Orbiter Finance protocol, two other roles play an important role in the decentralized incentive front interface.

 

Like the two roles mentioned above, the Dealer receives incentives for providing the decentralized front interface, and the Submitter is responsible for submitting the root of the revenue tree generated by the Dealer.

 

By utilizing open protocols, direct collaborative arrangements between creators and dealers are made possible. This allows creators to partner with multiple Dealers, promoting increased user interface diversity.

 

Through well-structured motivation, it encourages Dealers to establish reliable user interfaces.

 

Even when a particular Dealer intends to engage in malicious behavior, users can still choose an alternative Dealer service, thus minimizing the potential impact of financial losses.

 

Dealers use their dealer ID to identify themselves and register their fee rates with the Fee Manager Contract (FMC).

 

This contract tracks all Dealers, manages and updates the dividends they receive from creators, and accurately deducts the right amount of compensation after going through the arbitration mechanism.

 

As long as cross-rollup transactions are processed through Dealers and makers, the profit split between each Dealer and maker for each transaction can be accurately calculated. Similar to the identification code added to the last four digits of the transaction value in the target network, the DealerID, EBCID, and DestinationChainID will also be indicated in the last four digits of the transaction amount for creators to recognize and distinguish these elements.

 

Orbiter Finance Token Development Plan

 

 

According to boxmining.com, Orbiter Finance does not yet have tokens as they focus on protocol development and improving user experience.

 

However, in a recent Tweet, they strongly hinted at issuing tokens and the possibility of an airdrop.

 

In addition, Orbiter Finance has completed its first round of funding with participation from Tiger Global, A&T Capital, StarkWare, and even Vitalik Buterin.

 

Therefore, DeFi projects backed by major players will likely launch tokens upon product completion.

 

How to Receive Potential Airdrop Orbiter Finance Tokens

Quoting the boxmining.com page, the best opportunity to receive Orbiter Finance airdrop tokens is to bridge ETH or stablecoin assets between 11 supported networks. Here’s how to get the potential Orbiter Finance airdrop, namely:

 

• Connect MetaMask or another Ethereum/Polygon/zkSync/Arbitrum wallet.
• Select the chain where you want to send your assets.
• Complete the transaction.

 

While bridging assets frequently to increase your airdrop chances is recommended, there will be transaction fees.

 

However, Orbiter will modify its fees based on the Gwei of the destination network to maintain below-average fees. However, this will not happen often due to the volatile nature of gas fees. senders can view the current fees on Orbiter’s website.

 

Conclusion

To conclude, Orbiter Finance is a platform that offers a bridge solution to connect emerging layer-2 blockchains. The platform enables low-cost and near-instant transfer of crypto assets between various networks.

 

Orbiter Finance’s focus on fast and efficient cross-network connections opens up opportunities for the growth of the blockchain ecosystem. Through recent innovations and strategic partnerships, Orbiter Finance is a pioneer in providing reliable bridging solutions in the growing blockchain market.

 

Furthermore, as a disclaimer, it is important to understand that this article is for informational purposes only and does not constitute investment advice.

 

By its very nature, investing in cryptocurrencies involves a high degree of risk, and you are advised to conduct thorough research before making an investment decision.

 

In addition, Orbiter Finance does not guarantee investment returns, and readers should assess potential risks and returns.

 

That was the complete discussion about Orbiter Finance, a platform that offers a bridge solution to connect the blockchain layer, from understanding to how to accept it.

 

Furthermore, you can also read other interesting articles in the collection on INDODAX Academy.

 

By using the facilities provided by INDODAX Academy, you are expected to gain a deeper understanding of effective trading strategies.

 

Invest Crypto Assets on INDODAX

Now, you understand what Orbiter Finance is, from its features and development to how to receive it.

 

Furthermore, you should check the crypto market first on INDODAX Market for those who wish to invest in crypto assets.

 

Then, after checking the price, you can also purchase crypto assets on a trusted Crypto Exchange, namely at INDODAX.

 

Please note that INDODAX is Indonesia’s best and most trusted platform for buying and selling crypto assets.

 

Being a pioneer in crypto trading in the country, INDODAX has also built a reputation as a reliable platform for investors.

 

Through continuously improved services, INDODAX provides easy access to the crypto asset market and prioritizes user transaction security.

 

Furthermore, as a disclaimer, it is important to remember that investing in crypto assets carries a high risk due to its rapid fluctuations in value.

 

Therefore, it is highly recommended that you carefully research and understand the crypto assets you want to invest in in depth.

 

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