Revault Network and Orbs announced a collaboration to improve the Revault protocol using Orbs Layer-3 (L3) architecture. Revault will use the functionality of Orbs 3.0 to decentralize the procedure of its protocol’s tools and features, which are presently centralized.
The Orbs public blockchain infrastructure, which is driven by its Guardians (a public network of permissionless validators), actually unveiled its L3 execution layer idea, which works in tandem with EVM-based L1s and L2s to improve the safety and integrity of DeFi apps. Revault is a vault aggregator that aspires to be DeFi’s “Google search engine.”
At any given time, the Revault engine finds as well as deposits funds in the top overall vaults in the market.
Revault constantly indexes each vault in the industry in order to provide its consumers with the best results for any asset at any moment. If Revault discovers a good vault for one’s assets, an alert is sent, and you can transfer your funds from your current vault to the better one with a single click, maximizing your APY.
The Revault network will use Orbs 3.0 capabilities to power three of its main features, enhancing their reliability, serviceability, and safety:
1) Automated compounding
Revault’s auto-compound device, which is currently centralized, allows Revault consumers who are staking REVA tokens to automatically re-stake one‘s earned REVA in order to boost their APY.
2) Calculation of TVL-APR
The Revault Network’s native token is $REVA. It serves a few utility functions, including serving as the Revault DAO’s governance token for voting on various protocol proposals and being qualified for a portion of protocol revenues.
REVA can also be used to encourage customers to deposit funds in Revault vaults in order to obtain extra REVA rewards on top of the vault’s APY. Revault will be using Orbs to measure the overall vault’s TVL in order to determine the REVA rewards APR for this function.
3) Automatic rebalancing
The auto-rebalancing function is scheduled for later in the project’s timeline and will be among the main features provided by the Revault network.
The Revault engine, as previously stated, indexes the superior hits for any asset at any particular time. Whenever a vault with such a higher APY is discovered, an alert is sent to the consumer, prompting them to restructure their place into a better vault.
Orbs: Decentralizing DeFi
Many of today’s DeFi applications, like Revault, run several of their features centralized. This is due to the limitations of EVM-based L1 and L2 chains, which were not designed to provide the necessary infrastructure for the decentralized execution of these functionalities.
Orbs’ distinctive hybrid approach, intended for connectivity with EVM compatible blockchains such as Polygon, Binance Smart Chain, Ethereum, and Avalanche, could provide tools for improving the capacity of EVM smart contracts.
Orbs’ novel L3 value proposition opens up the door to many more innovative and exciting DeFi apps that are currently unavailable. They anticipate that many more DeFi protocols will take advantage of the Orbs network’s distinctive features in order to obtain more valuation for their customers.