What is OrbiterFinance?
Orbiter Finance is a ZK-tech-based Ethereum acceleration engine that enhances L2 performance and reduces gas consumption.
More about OrbiterFinance
Orbiter Finance is a decentralized platform designed to facilitate cross-rollup transactions of Ethereum and Bitcoin native assets. The platform aims to provide a trustless and seamless experience for users, ensuring security and efficiency in the transfer process. Here’s a more detailed breakdown of how Orbiter Finance operates and the networks it supports:
How Orbiter Finance Works
- Cross-Rollup Transactions: DeRollups are Layer 2 solutions that bundle or "roll up" multiple transactions into a single batch to be processed on the main Ethereum chain, reducing gas fees and increasing transaction throughput. Orbiter Finance enables users to transfer assets between different rollups. For example, it allows the movement of Ethereum or Bitcoin from a zkSync rollup to an Arbitrum rollup seamlessly.
- Trustless Environment: The platform leverages smart contracts to ensure that transactions are executed in a secure manner without the need for intermediaries. Users do not have to trust a central entity; instead, they rely on the cryptographic guarantees provided by the blockchain and the smart contracts used by Orbiter Finance.
- Seamless Experience: Orbiter Finance aims to provide a user-friendly interface that abstracts the complexities of cross-rollup transactions, making it easy even for non-technical users to transfer assets. The platform integrates with various wallets and decentralized applications (dApps) to facilitate a smooth user experience.
- Supported Networks: Orbiter Finance supports a wide range of networks, both Layer 1 (main chains) and Layer 2 (rollups and sidechains), ensuring broad compatibility and flexibility for users. Here are the networks supported by Orbiter Finance:
- Ethereum: The primary Layer 1 blockchain for decentralized applications.
- zkSync Era and zkSync Lite: Layer 2 solutions using zk-rollups to enhance scalability and reduce fees.
- Linea: A Layer 2 network designed for improved scalability.
- Mantle: Another Layer 2 solution focusing on scalability and low transaction fees.
- Base: A Layer 2 network developed to optimize Ethereum's performance.
- StarkNet: A zk-rollup-based Layer 2 solution designed for high scalability.
- opBNB: A Layer 2 solution optimized for the Binance Smart Chain ecosystem.
- Scroll: A zk-rollup-based Layer 2 network focused on scalability and security.
- Arbitrum and Arbitrum Nova: Popular Layer 2 solutions using optimistic rollups for fast and low-cost transactions.
- Loopring: A zk-rollup-based decentralized exchange and payment protocol.
- Optimism: An optimistic rollup Layer 2 solution for scalable and low-cost Ethereum transactions.
- Polygon and Polygon zkEVM: Layer 2 solutions and sidechains providing high throughput and low transaction costs.
- BNB Chain: Binance’s blockchain offering fast and low-cost transactions.
- Zora: A protocol focused on enabling creators and communities to monetize digital assets.
- ImmutableX: A Layer 2 solution for NFTs, providing instant trade confirmation and zero gas fees.
- BOB, BEVM, Bitlayer, BSquared: Additional networks supported by Orbiter Finance, further extending its reach and functionality.
Orbiter Finance ensures that users can transfer assets across various ecosystems effortlessly, making it a versatile tool in the decentralized finance (DeFi) space.
Key services & use cases powered by OrbiterFinance as a Web3 infrastructure provider
- Cross-Rollup Asset Transfers: Enables seamless transfers of assets like Ethereum and Bitcoin across different rollups, enhancing liquidity and interoperability within the blockchain ecosystem.
- Decentralized Finance (DeFi) Integration: Facilitates DeFi applications by allowing assets to move freely between various Layer 2 solutions and rollups, optimizing yield farming, lending, and trading activities.
- Multi-Chain dApp Support: Supports dApps that operate across multiple blockchains and rollups, enabling developers to build more versatile and scalable applications.
- NFT Transfers: Allows for the transfer of NFTs between different rollups, making it easier to trade and utilize NFTs across various platforms and marketplaces.
- Cross-Chain Token Swaps: Facilitates the swapping of tokens between different blockchains and rollups without the need for centralized exchanges, promoting greater decentralization and user control.
