Orbiter Finance is a new decentralized cross-rollup bridge. It is a great solution for transferring Ethereum-native assets. Besides, this platform offers low-cost, along with rapid, almost instant transfers. Orbiter will support cross-rollup transfers between Ethereum, Polygon, BNB Chain, zkSync, StarkNet, Arbitrum, Loopring, Optimism, Arbitrum Nova, ZKSpace, Boba, Immutable X, dYdX, and Metis.
Unlike other cross-L1 bridges, this company offers a top-notch security system. It also stands out among similar projects with its cheap and instant transfers between the Sender and the Maker’s externally owned address (EOA). However, Senders won’t interact with the contract address. Users don’t need to mint assets on this platform. It will support liquidity in a decentralized way.
The team designed Orbiter Finance as a cross-rollup bridge to make transferring ETH-native assets easier. As mentioned above, the system has only two roles: Sender and Maker. The platform requires the Maker to deposit excess margin to its contract. Only after that will they qualify to become a cross-rollup service provider to the Senders. The system is quite straightforward. The Sender sends assets to the Maker using the Source Network. On the other hand, the Maker will return assets to the Sender on the so-called Destination Network.
According to the company, there will be three types of smart contracts in Orbiter Finance’s security model. The first one is MDC – Maker Deposit Contract. It will keep Maker’s Margin, along with handling the arbitration for Senders. The second one is EBC or Event Binding Contract. It will store Makers’ charging standards and margin rules. The last one is SPV, aka Simple Payment Verification. The latter proves the existence of the transaction on the platform.
Orbiter’s technology will create SPV for every domain the project supports. The team will deploy EBC, MDC, and all the SPVs in the ETH ecosystem.
What is Orbiter Finance’s goal?
The founder team created Orbiter because of the maturity of ETH Layer2 Rollup technology. While Ethereum mainnet is one of the most well-known, there are also other products on the market, such as ZK-Rollup projects (Scroll, zkSync, etc.), Optimism, Arbitrum, StarkNet, Loopring, dYdX, and so on.
Moreover, the company introduced innovative and interesting gameplay with its own native utility token. Orbiter plans to launch its ICO sale soon. Meanwhile, investors can learn more about this project and its aspirations.
According to the plot, humans want to move to other planets to live. It’s just like Interstellar exploration, but unfortunately, the spaceways are not open yet. People don’t have the technology needed to move their supplies quickly and safely between the stars. There are sidechain planets, such as BSC, Matic, and xDai, as well as rollup-based L2 planets.
Furthermore, there are many migrants on these planets. They wanted to travel between the stars, but the high cost of interplanetary travel and moving supplies discouraged them. Thus, the main source – Orbiter, is working hard to build an organization in the multi-chain universe. It will be much like Dune’s SpacingGuild, creating the cheapest and safest route through space to fulfill the needs of an interstellar journey.
.png)
