OrbsPrice

(ORBS)

Orbs is a decentralized Layer-3 (L3) public blockchain infrastructure designed to enhance existing smart contracts with complex logic, such as automation and aggregation, without requiring liquidity to move to a new chain. Unlike Layer-1s or Layer-2s focused on security and scalability, Orbs (L3) specializes in execution, providing essential services like fetching external data or executing time-based triggers. This is all maintained through its decentralized network of Proof-of-Stake "Guardians."

The ORBS token serves three primary functions. Firstly, it's used for Staking, where Guardians (validators) and Delegators (token holders) stake ORBS to secure the network. Secondly, it acts as a Fee mechanism, used to pay for the execution of services on the network, although end-user protocols often abstract this. Lastly, ORBS enables Governance, allowing token holders to vote on "Orbs Improvement Proposals" (OIPs) and influence the project's future.

Users can stake ORBS by "delegating" their tokens to a Guardian, typically through the official Orbs staking interface known as the Tetra Wallet. This wallet supports staking on both Ethereum and Polygon to offer gas fee efficiency. Regarding unstaking, Orbs imposes a mandatory 14-day cooldown period. Once tokens are unstaked, users must wait 14 days before their tokens become transferable, and no staking rewards are earned during this cooldown period.

dLIMIT and dTWAP are Orbs' flagship DeFi protocols integrated into major decentralized exchanges (DEXs). dLIMIT enables decentralized "Limit Orders" on-chain, allowing users to set specific prices for buying or selling. dTWAP (Time-Weighted Average Price) orders facilitate executing large trades in smaller increments over time, effectively reducing price impact. Complementing these, the "Liquidity Hub" allows DEXs to access external liquidity, including from CEXs like LBank, ensuring users get optimal swap prices at the protocol level.

Orbs is a key contributor to The Open Network (TON) ecosystem, developing several critical tools. These include TON Access, a decentralized RPC provider that enhances dApp connectivity; TON Vote, which serves as the official governance platform for TON DAOs, fostering decentralized decision-making; and TON Verifier, a tool designed to verify source code for TON smart contracts. These contributions significantly bolster TON's infrastructure, decentralization, and developer tooling.

No, the Orbs (ORBS) crypto project is not related to the "Orb" iris-scanning hardware device used by Worldcoin (WLD). This is a common point of confusion among investors. The two entities are entirely separate and distinct. Users should always verify the correct project ticker (ORBS) and official website (orbs.com) to ensure they are interacting with the genuine Orbs project and to avoid potential scams arising from this naming similarity.