Orbit Protocol 🥮

Introducing Orbit - The native lending protocol on @Blast_L2

[Orbit Protocol 🥮 @OrbittLending]

$ORBIT Revenue Share is LIVE.

Claim your share here: https://t.co/Swm0k0PE1P

$65.13M USD in our USDB pool.
102.30K ETH in our ETH pool, equalling $403M USD.

[Pyth Network 🔮 @PythNetwork]

Being #PoweredByPyth sends out into orbit 🔮

@OrbitLending is a decentralized liquidity protocol that facilitates the lending and borrowing of assets on @Blast_L2.

Learn more about the integration below:

ℹ️ About Orbit

Orbit is a money market between lenders, wishing to earn additional yield on their asset holdings, and borrowers, looking to borrow assets with the use of other assets as collateral.

Orbit differs from other money markets as lenders can choose a predetermined lending period in return for Orbit Assets (oAssets), which represent the lender's initial principal as well as accrued yield.

Upon expiry of the predetermined lending period, oAssets can be redeemed for principal + accrued yield - this simplifies yield collection to be done just by holding on to them.

🔮 Being Powered By Pyth sends out into orbit

The price oracle is used within Orbit to know the current prices of collateral assets, which are then used to dictate whether borrows or liquidations are possible.

All prices within Orbit are #PoweredByPyth — thanks to the Pyth pull design, Orbit has access to 450+ price feeds, permissionlessly, on Blast.

[parsec @parsec_finance]

As we progress through the first week of @Blast_L2 mainnet, one particular project has caught our attention…

@OrbitLending, a native lending protocol has amassed $100m+ in TVL across their USDB and ETH markets as users earn the base APR, $ORBIT rewards and both Blast Points and Gold on top

[Orbit Protocol 🥮 @OrbitLending]

Orbit Lending on @Blast_L2 mainnet has just broke $400M in TVL 🥮 and over 3000 unique $ORBIT holders

$62.23M USD in our USDB pool
90.8K ETH in our ETH pool, equalling $355M USD

Start earning liquid $ORBIT on our updated interface at https://t.co/04kbHJSXPb

[Orbit Protocol 🥮 @OrbitLending]

Oouuhh...
Husbant...

You did not bridge to @Blast_L2 and realize the first thing to do is lend/borrow on @OrbitLending

We are homeress

[Orbit Protocol 🥮 @OrbitLending]

Orbit Lending on @Blast_L2 mainnet has just broke $300M in TVL 🥮

$45.84M USD in our USDB pool
67.69K ETH in our ETH pool equalling $255.4M USD

Start earning liquid $ORBIT on our updated interface at https://t.co/04kbHJSXPb

[Orbit Protocol 🥮 @OrbitLending]

We've partnered with @parsec_finance to integrate Orbit analytics!

You can find stats for all in/out flows and more

Glad to be working with Blast builders that are creating great products

[Orbit Protocol 🥮 @OrbitLending]

As of next week, 100% of Protocol revenue from borrower interest will be shared as $ORBIT rewards to $ORBIT stakers

All fees will be used to acquire $ORBIT from the open market, 100% of which is distributed to $ORBIT stakers

Earn $ORBIT on @Blast_L2 at https://t.co/eebYJXtKKl

[Orbit Protocol 🥮 @OrbitLending]

Our thesis is:

1. Give more rewards to $ORBIT stakers

2. Which is more value to $ORBIT

3. Leading to better rewards for lenders/borrowers

$ORBIT backers are not allowed to stake locked tokens. Reward priority and incentives are always focused on our users

[Orbit Protocol 🥮 @OrbitLending]

We have noticed an increase in high risk accounts. Be safe with your LTVs and lower your risk.

We shipped major updates to our dashboards to make this more friendly to users. Liquidations happen above 80%. Be diligent and check/manage your risk.

App: https://t.co/LI2EMUWBpl

[Orbit Protocol 🥮 @OrbitLending]

Public request for coinmarketcap listing

CMC Request ID: 864397
CMC Dexscan:
https://t.co/7U3py0CHHs

[Orbit Protocol 🥮 @OrbitLending]

🥮 Important @OrbitLending facts 🥮

1. 100% of @Blast_L2 deposit points get redistributed back to our users

2. We are among the first to complete our points API integration but the interface has a lag and points should show up on users balances over the week along with fixes

3. We have confirmed with the Blast team that they do not think Orbit is creating a liquid proxy for Gold - contrary to false rumors

4. 100% of Orbits Blast Gold goes back to our users and $ORBIT stakers - more details on our key incentive mechanics will be shared end of week

5. All of Orbit backers, angels and team are on vested schedules for their support. There is no outsized advantage - we prioritize rewarding users the most

6. Native yield that accrues from deposits is driven into the $ORBIT token as part of our reward mechanics - this is designed methodically to generate an attractive lending environment on @Blast_L2

Read about our yield and $ORBIT thesis here https://t.co/MJjk3RnKFg

@Blast_L2 and @PacmanBlur have performed an incredible feat so far and there are still lots to be built -

Orbit is here to be a foundational anchor on @Blast_L2 for the ecosystem to flourish

[Pacman | Blur + Blast @PacmanBlur]

gm gm. wanted to highlight some issues and changes we’re actively working on (most important ones highlighted in bold). will post updates as they get resolved

issues we’re currently fixing
- having less points after migrating to mainnet (this is due to referral points not showing, eta later today)
- not earning points despite having a balance on mainnet/users seeing 0 points per hour (eta mid-week)
- not seeing the # points dapps have distributed to you (eta late this week)
- seeing less than a 10x bonus in the mainnet transition flow (ui/design issue, will share an eta once design is updated)
- seeing a warning that you won’t earn your bonus in time despite having the same amount of funds on mainnet as before mainnet (eta for most users later today, for some users late this week)
- points + gold system being unclear — the confusion is exacerbated by the ui bugs above. fixing the issues should help a lot, but we’re actively working to improve the ui to make everything clearer. will share updates as we make progress

changes we’re making
- delegating to wallets to earn multipliers (eta tbd but aiming to have done before the first multipliers go live on mar 13)
- blastscan colorscheme (we’re working with the @etherscan team to improve this)
- mainnet leaderboard (current one is early access leaderboard, eta mid-late this week)

incentive issues
- holding funds onchain gives you blast points. using dapps gives you blast points + gold + individual dapp airdrops (as applicable). so it is strictly better to be using dapps, but that’s only after dapps have properly integrated with the api. it’s important to note that gold has not been distributed to dapps yet. we’ll make an announcement when the first gold has been distributed
- once dapps have properly integrated with the points api to send points back to depositors, it should be a lot easier to actively use dapps. we’ll highlight dapps that are properly set up as their integrations go live

we’ve also gotten questions on how dapps can be listed on the airdrop page. guidelines for that will be shared later this week

if there’s anything else we’re missing, please lmk. in terms of how we got here, we put A LOT of energy into the on-chain/l2 side of things, since that’s where the stakes were highest. but that took away focus from the points side of things, which has lead to a lot of confusion and frustration. we’re now correcting that mistake and we will put much more energy into the points side of things moving forward. apologies for the confusion everyone! we’ll share updates on everything as improvements go live

[Orbit Protocol 🥮 @OrbitLending]

We're doing an upgrade on our website! 🥮

You will now see how borrowing and the amount you supply as collateral affects your risk of liquidation

We've also updated the dashboard to reflect the available $ORBIT you're eligble to claim.

Points stats and more coming soon!

[Orbit Protocol 🥮 @OrbitLending]

Our retroactive rewards airdrop is complete

All users from day one have been airdropped their earned emissions

Lend now and receive addtional apy in $ORBIT

[Orbit Protocol 🥮 @OrbitLending]

We have completed integration with the @Blast_L2 Mainnet Points API 🥮🥮

Orbit lenders will start seeing their Blast Points rolling into their accounts

100% of TVL Blast Points goes back to Orbit users

Start lending: https://t.co/LI2EMUWBpl

[winnie @xuwinniexu]

Feeling so excited to see the two protocols I worked with last month reach the top position on @zksync and @Blast_L2🏅
Who's next? My 🐋 logo will surely bring some good luck! Eating hackers, attracting whales.

[Orbit Protocol 🥮 @OrbitLending]

Orbit Lending on @Blast_L2 mainnet has just broke $200M in TVL 🥮

$26.4M USD in our USDB pool
56.41K ETH in our ETH pool equalling $193.5M USD

Start earning liquid $ORBIT at https://t.co/04kbHJSXPb

This takes @OrbitLending to 10% of the entire $2B @Blast_L2 ecosystem 🥮

[Orbit Protocol 🥮 @OrbitLending]

Orbichan tell coingecko to list us, we're the highest TVL protocol on Blast

Request ID: CL0203240011
GeckoTerminal: https://t.co/xG07FSKtai

[0xSun @0xSunNFT]

昨天 @Blast_L2 主网上线后发布了新规则，简单理解就是资金后续要留在Blast链上参与Dapp的交互才能获得Multiplier加成系数，存在这些Dapp里的ETH/USDB等资金会获得积分和Gold，一般项目方都会承诺将100%的积分和Gold返还给用户。虽然规则出来后大家都觉得被PUA了，不过想要利益最大化也只能多参与生态了，这里分享几个我自己交互了的Dapp，新链不保证安全性，仅供大家参考：

1、 @OrbitLending
目前TVL排名Blast链第一的借贷协议，参与方式比较简单，存入ETH或USDB作为抵押物，也可以借出ETH或USDB，并且已经发币了，目前FDV为100M，可以选择在官网质押 $ORBIT 获得Gold奖励。

2、 @YOLO_Blast
有Looksrare团队支持的链上赌博游戏，根据用户的Blast质押金额空投了 $Boost ，是不可交易的，仅用于参与游戏，用户需要将自己的 $Boost 消耗完毕后才能转化为积分，后续将根据积分空投可交易的 $YOLO 。

另外也可以选择直接用ETH参加游戏，模式就是幸运大转盘，每轮押注金额越多中奖概率越高，平台会收取1%的手续费，所以这个游戏的期望收益是-1%，当然前提是大数定律，必须参加足够多轮游戏，如果认为最终空投的收益会大于这1%的话可以考虑参与��一下积分，不建议纯粹赌博。项目方的文档里面也提到说这1%的手续费后续会作为平台奖励返还给用户。

https://t.co/T9GlTtNhSY

3、 @SynFuturesDefi
完成过2轮共36M融资的衍生品交易平台，投资机构包括 @polychain @PanteraCapital @dragonfly_xyz 等等，是目前Blast上融资和背景都相当顶尖的项目，参与方式主要是组LP或挂限价单获得积分。

这里值得注意的一点是该平台的LP和Dex的LP不太一样，如果超出区间后会自动转化为合约订单，这时候就有被清算的风险，建议在设置LP的时候将区间调整大一点。

https://t.co/iWXF64mc8u

4、 @pacmoon_
推特上热度很高的Meme币项目，同样是根据质押金额给空投，很多知名大V都有转发参与，可以关注一下开盘情��。

https://t.co/fUbDfQMJb9
邀请码：1077063