Orbit lending/borrowing and the $ORBIT token are now both live on
@Blast_L2
mainnet🥮🚀
Heres how you can skip the endless points by earning liquid $ORBIT yield and owning your Blast allocation 🧵
Get started:
The price feed for ezETH on Blast in our isolated
@RenzoProtocol
pool will update later today to
@PythNetwork
ezETH feed
Given the recent volatility in ezETH, the
@PythNetwork
ezETH feed is more secure and lower risk
If you are looping this pool with a high risk LTV (75%+),
The Orbit village is growing with a major strategic round 🚀
🥮 Skip endless points, liquid $ORBIT incentives launches day 1
🥮 100% of our Big Bang winnings go to $ORBIT
🥮 At our core we have built lending for billions in TVL
Lending on
@Blast_L2
at
Orbit announces its first strategic partnership with
@particle_trade
🥮
Particle has tapped Orbit an important partner to offer instant liquidity to its users
Heres how lending & leverage trading protocols working together are critical to your trading strategy
1/6
Orbit Lending on
@Blast_L2
mainnet has just broke $100M in TVL 🥮
$23.08M USD in our USDB pool
27.14K ETH in our ETH pool equalling $93M USD
Start earning rewards at
P.s. We are rank 1 in the entire
@Blast_L2
ecosystem! 🥮
Orbit ETH V2 pool launches w/ native yield buybacks enabled 🥮
- ETH V2 earns full rewards, starting now
- ETH V1 rewards decay to 0, March 15, 11:59 PST
- Native yield goes to $ORBIT 🥮
With $400M migrating, thats ~$17M $ORBIT buybacks a year
Read👇🏻
Orbit Lending won the Big Bang competition! 🥮🥮
100% of our airdrop will be distributed to our $ORBIT community
$ORBIT will be launching day 1 of main net as a liquid token incentive for our lenders and borrowers
Thank you to
@Blast_L2
,
@PacmanBlur
and all the judges
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
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
This takes
@OrbitLending
to 10% of the entire $2B
@Blast_L2
ecosystem 🥮
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:
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
Orbit has received distribution 1 of
@Blast_L2
Gold as winners of the Big Bang competition🏅🥮
Orbit protocol users will receive 100% of all Orbit Gold and distributions from Blast over the coming weeks
The first thing users do on
@Blast_L2
is lend on
@OrbitLending
🥮
To support Dapps on Blast, we've distributed 10 million Blast Gold to Big Bang Winners and Mainnet Dapps.
We've also given 1 Gold to Blast users active in the past week to introduce the community to Gold.
Distribution 2 is up next! Learn more👇
Orbit staking reward emissions and claims are now live 🥮
Staking $ORBIT is key to earning more
@Blast_L2
Gold, based on staked amount+time, and now you also earn boosted $ORBIT APY
P.s. Selling rewards leads to a penalty on your Gold allocation
Orbit has become a top 100 protocol on-chain by TVL in just 25 days
Making us one of the fastest growing Dapps ever since the
@Blast_L2
Mainnet launch
P.s. Orbit Gold will start distributing this week
Lend with us today:
Blast has become the 7th largest chain by Dapp TVL (2nd largest L2).
It's only been 25 days since Mainnet launch. There's much more to come from here. Stay tuned for April!
Orbit has now distributed over 1 Billion Blast Points back to
@Blast_L2
users
100% of your Blast Points go back to users while also earning liquid $ORBIT and Blast Gold allocation
Lend and borrow with us at
We are hosting a community call tomorrow, March 24 at 12PM ET in our Discord
Join in for announcements, an AMA and community discussion on all things Orbit 🥮
All Orbit Gold from the Blast Gold Distribution 1 has been sent to users 🥮👑
Orbit is the first Dapp that a user visits when they bridge to
@Blast_L2
so they can start by lending and borrowing
So heres how Gold works 🧵🧵
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
🥮 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
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
$ORBIT is now tracked on
@CoinMarketCap
and
@coingecko
🥮🥮
CMC:
CG:
Liquid $ORBIT rewards means you can buy, sell or stake your reward emissions that you earn for lending/borrowing at
Phase 2: Liquidity Hook on Blast has begun!
Orbit Farming Hook, the first Hook on Blast is now available exclusively for $ETH and $USDB lenders on
@OrbitLending
to maximize your Blast rewards and earn INIT points.
See how to make more gains but no pain with INIT🧵
New Orbit pool alert 🥮🔔
The
@RenzoProtocol
ezETH pool is now available alongside
@ProtocolRing
fwwETH and ETH
Lend and borrow assets to earn up to:
2x ezPoints *3
1x EigenLayer points *3
$ORBIT emissions
Blast Gold
Blast Points
Ring Points (future airdrop)
Orbit Lending Testnet and GitBook are now publicly available
Heres how we innovated on
@Blast_L2
and our novel "Indirect Distribution by Bringing Forward Future Yield" design
Study $ORBIT with Orbi chan in this thread 🥮🥮🥮
Come find us on
@DistrictOneIO
, Orbichan likes to hang there
We've entered our social sprint phase and will have rewards to all of our D1 shareholders
Access will be given to $ORBIT holders
Sprint
Invite
Orbit Lending on
@Blast_L2
mainnet has just touched $50M in TVL 🥮🥮
13.24M USD in our USD pool
10.68K ETH in our ETH pool equalling
Come lend and borrow on Blast to start earning liquid rewards today
800 ETH has been deposited into our new
@RenzoProtocol
pool in the first few hours
When you supply ezETH you earn:
2x ezPoints
1x EigenLayer points
Native restaking on
@Blast_L2
is just getting started at
All
@Blast_L2
Gold Distribution 2 has been sent to Orbit Protocol users 🥮🥮
Read:
1. How 549,954 Gold was distributed
2. New $ORBIT staking Gold rewards dashboard
3. New community Gold rewards pool
4. Gold Distribution 3, new revenue incentives and 🔥🔥
Thread 🧵
Masterclass from our frens at
@YESMONEY420
@BaselineMarkets
to improve ongoing security
If you are providing LP to the ORBIT<>YES pool, then withdraw your LP and convert to our ORBIT <> ETH pool
Orbit<> Yes V2 pool with
@YESMONEY420
coming soon
TL;DR: A capital inefficiency issue was found with YES. The team collaborated with researchers on a whitehat operation to secure the $YES premium for all holders and is working on YES v2.
FUNDS ARE SAFU. The Protocol remains solvent.
Details below 🧵
We are excited to be allocated 549,954
@Blast_L2
Gold for
@OrbitLending
users 🥮🏅
As the largest and most secure lending market on
@Blast_L2
, we received a Gold tier quality weighting and the third highest allocation
Lend/borrow and earn Gold at
Gold Distribution 2 is now available for review!
10 million Gold will be sent to Dapps next week.
Important: this distribution includes adjustments based on how Dapps use incentives.
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!
A standard Orbit reward emission update created a temporary clog in withdrawals and displayed incorrect rewards over the last few hours
The fix is going live now and will update for users over the next few minutes
The maintenance and issue do not effect users funds at all
Announcing newest
@KelpDAO
pool! 🥮
The
@KelpDAO
rsETH pool is now available alongside
@ProtocolRing
fwwETH and ETH
Lend and borrow assets to earn up to:
2x Kelp Miles *3
1x EigenLayer points *3
$ORBIT emissions
Blast Gold
Blast Points
Excited to announce The Orbit Timelock is live and we are now in the process of switching the admin for Space Station from the EOA to the timelock (which takes 24h) 🥮🥮
@OrbitLending
is the safest and most secure lending market on
@Blast_L2
227 ETH or $726,656.83 has been used to buyback and burn $ORBIT!
Supported by Orbit's native yield, this allows us to offer a more appealing emissions APY in addition to interest you are already earning 🥮
The issue was caused due to a standard reset in $ORBIT reward emission rates for some users that were experiencing problems
In the Compound V2 contracts, withdrawals are linked to the token emissions- during a withdrawal, the user's token rewards also get an update
However
A standard Orbit reward emission update created a temporary clog in withdrawals and displayed incorrect rewards over the last few hours
The fix is going live now and will update for users over the next few minutes
The maintenance and issue do not effect users funds at all
New Listing: $ORBIT is now live on Ring Protocol!
You can now trade $ORBIT
@OrbitLending
on Ring at
Deposit ORBIT/ETH into Ring Earn Pools to earn Ring Point, including Blast Points, Blast Gold, and $RING.
Earn at
Let’s ring
We just hit over 80% utilization on all ETH assets in our new
@RenzoProtocol
lending pool and $5M in ezETH now deposited
Start lending and borrowing
@Blast_L2
assets today:
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
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
986,898 $ORBIT (0.986% of total supply) has been burned in the last 30 days to burn address: 0x000000000000000000000000000000000000dead 🥮🥮🔥🔥
Track ongoing burns on our dashboard:
Introducing the Blast Jackpot — a new way for Blast token and NFT holders to earn Gold.
All Blast token and NFT holders are eligible to win the 1,000,000 Gold Jackpot!
Learn how 👇
With over $200M of assets being borrowed and utilized in dapps, Orbit is the biggest and most secure lending market on
@Blast_L2
🥮
- Verified and low risk smart contracts
- Audited by top security researchers
- Timelock protection
- Isolated pools for higher risk assets
- The
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
We are partnering with
@API3DAO
as the core oracle provider for ETH in our main Orbit Pool starting tomorrow 🥮🥮
Fully integrated with their
@OEVNetwork
, we are excited to begin recapturing protocol MEV on
@Blast_L2
and further fuel our growth
Over $1 Million has been used to buy back $ORBIT!
AND we just burned another 1% of $ORBIT supply, totaling 2.25% of all supply burned forever 🔥
Track on-going burns here
$ORBIT staking epoch 7 is now live 🥮🥮
Stakers received up to 500% APY on 4 years of staking $ORBIT
Staking APY rewards will further decay to sustainable ranges in the next epochs
Buy $ORBIT on
@ThrusterFi
and stake for a capped
@Blast_L2
Gold Boost:
We have completed an audit with the highest ranking #🥇
@code4rena
security researcher -
@xuwinniexu
Thank you Winnie for sharing your expertise and for a seamless audit experience
Orbit Lending launches day 1 of
@Blast_L2
mainnet on February 29
The Lending 2x Multiplier just dropped from
@Blast_L2
🥮🥮
@OrbitLending
is the largest and most secure Lending Protocol on
@Blast_L2
Start lending today to earn 2x on your Blast points, Blast Gold, $ORBIT rewards and more..
Excited to start the partnership with
@redstone_defi
as the core oracle provider for USDB in our main Orbit Pool starting later today moving forward 🥮
Redstone has built the most robust and secure USDB feed that is native to Blast
Feed:
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:
If you see your rewards reset now, there will be a snapshot and retrospective $ORBIT airdrop for those affected with a bonus boost for the inconvenience
Read more about our token mechanics on our docs and migrate to V2 pool within the next 2 days to keep receiving rewards
THIS IS THE END OF THE THREAD
Beware of fake accounts posting links in the comments
For e.g., even if all native yield were to be given to lenders, the initial higher yield makes borrow interest rates unattractive
Borrow demand drops to avg market interest rates - but at this point the total lending yield would also decrease to the average market lending yield
Beware scammers in the comments pretending to be Orbi-chan. There is no thread or promotion. Everyone wants to be Orbi-chan but theres only one Orbi-chan.
Today we introduce, Strategies: Long and Short
@blast
assets up to 10x directly on
@OrbitLending
🥮🥮
Try now at
Heres how you can start earning
@blast
Gold from Orbit and Wasabi, Points, APY, and up to a 10x leveraged Short or Long position:
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
We are excited to share that
@OrbitLending
is using dAPIs to power their decentralized liquidity protocol on
@Blast_L2
💥
Orbit leverages Blast’s native yield to enhance lending and borrowing, generating more competitive yields for Blast assets. dAPIs will be fully integrated
On our Renzo and Kelp pools, we are increasing interest rates for ETH and FWWETH on high utilization later today due to sustained high utilization
If your loan to value ratio is high, then make sure to derisk as interest accruing can put your position at risk of liquidation
Theres was a temporary false label by seal911 and pocket universe on our app page.
We have corrected their teams and they have removed the false report and label.
A reminder to beware of scams, do not trust unofficial links or DMs.
What are $DETH and $DUSD?
They are Duo Restaking Tokens (DRTs) native on Blast. Depositing ETH, WETH or USDB will mint an equivalent amount of DETH or DUSD
DRTs allow LPs to recycle liquidity to
@ThrusterFi
for swapping,
@hyperlockfi
for staking,
@OrbitLending
for lending, etc
🥮 x🌳
Orbit is building an ecosystem of awesome partners like
@MangroveDAO
for users to have diverse and rich options to put their loans to work
Orbit's
@Blast_L2
Mainnet launch is coming soon
Due to sustained higher than expected utilization rates on our USDB pool, we are increasing interest rates on high utilization later today
If your loan to value ratio is high, then make sure to derisk as interest accruing can put your position at risk of liquidation
so far
@BaselineMarkets
@OrbitLending
are the only two notable projects launching with a token right away
study blast projects that launch token right away
One of our team members Telegram account got locked and they are now on a backup account - we have reached out to all partners and investors
If you're a partner that we missed please reach out to us here on Twitter and we can reopen a chat
>> If you're here this early heres your chance:
Join our Discord to start racking rewards
Native yield is a whole lot more liquid in Orbit
7/7 🌓
<This is the final tweet of this thread>
We are officially live on
@DistrictOneIO
and have been given 500k gems to give away
Orbichan wants to airdrop you some gems
Invite if you haven't joined yet
>> <REDACTED> Orbit token / rewards
To stimulate early orbit ecosystem members, Orbit will be launching a native ecosystem token to reward early borrowers, lenders and community members.
How can you get involved? ⬇️⬇️⬇️
6/7 🌒
Part 1: 40% based on user time-weighted supply-borrow, relative to total
Part 2: 40% scaling with user (supply-borrow) * BlastAssetNativeYield and loan rates considered, relative to total
Part 3: 20% allocated to $ORBIT stakers as a capped boost --
10,000 Gold has been set
=========================================
- ORBIT LENDING v1.0.0 -
=========================================
>> ALL SYSTEMS CLEAR
>> PREPARING FOR LAUNCH
@gainzy222
Glad to see this and I am in. Why? Well having 7 figures in the Blast bridge I have zero desire to chase points for a Dapp. TY
@OrbitLending
and mark me down as joining bc of Gainzy tweet.
Orbichan is cooking in the lab 🥼🧪
We're working with
@particle_trade
to launch a pool on Orbit for users to be able to lend and borrow $DETH starting later today
$DETH has over $70M in TVL and farms Particle points, Blast Gold, Blast Liquidity Points (if it's on the point
Over $50M has been deposited into our new Moon Pool in the first 48 hours 🌖🌖
For the next 24 hours, $DETH, $DUSD and $ETH receive:
- 2x Blast Gold boost from
@OrbitLending
- 3x Blast Gold boost from
@DuoExchange
- Boosted
@particle_trade
points
- Boosted $ORBIT emissions
-
Over $50M in liquidity on
@OrbitLending
, the deepest lending market, between USDB and ETH on
@blast
for all your portfolio strategies in size during market turbulence
We are performing an upgrade to the space station contract to get emissions up to expected values
Rewards are being tracked and will be available tomorrow but Orbit reward claims are paused until then
Sorry for the reward turbulence
- Orbi Chan
Orbit is excited to announce a strategic investment and partnership with
@ManifoldTrading
One of the most based quantitative crypto investment firms in our space
Orbit is here to be the top money market on
@Blast_L2
for the long term 🥮🤝
The million-dollar question:
Where should we deploy our assets to maximize rewards on Blast?
How you spend your time and resources can change whether you multiply your balances to simply collecting a paltry yield.
The clear priorities are:
1. Maximize upside vs capital invested