Revault Network and Orbs announced a collaboration to enhance the Revault protocol using the Orbs Layer-3 (L3) architecture. Revault will use the functionality of Orbs 3.0 to decentralize the process of its protocol tools and features, which are currently centralized.
Orbs’ public blockchain infrastructure, which is driven by its Guardians (a public network of permissionless validators), has actually unveiled its idea for an L3 execution layer, which works in tandem with the L1 and L2 based on EVM to improve the security and integrity of DeFi applications. Revault is a vault aggregator that aspires to be the “Google search engine” for DeFi.
At all times, the Revault engine finds and deposits funds in the best safes on the market.
Revault continuously indexes every vault in the industry to provide its consumers with the best results for any asset at any time. If Revault discovers a good vault for its assets, an alert is sent and you can transfer your funds from your current vault to the best one with just one click, maximizing your APY.
The Revault Network will use the capabilities of Orbs 3.0 to power three of its core features, improving their reliability, serviceability, and security:
1) Automated dialing
Revault’s Auto-Stake facility, which is currently centralized, allows Revault consumers who stake REVA tokens to automatically re-stake their earned REVA to increase their APY.
2) Calculation of TVL-APR
Revault Network’s native token is $REVA. It performs a few utility functions, including serving as the governance token of the Revault DAO to vote on various protocol proposals and qualify for a portion of protocol revenue.
REVA can also be used to encourage customers to deposit funds into Revault Vaults to earn additional REVA rewards on top of the Vault’s APY. Revault will use Orbs to measure the overall Vault TVL to determine the REVA rewards APR for this feature.
3) Automatic rebalancing
The auto-rebalancing feature is planned later in the project timeline and will be one of the main features provided by the Revault network.
The Revault engine, as mentioned earlier, indexes the top results for any asset at any given time. Whenever a vault with such a high APY is discovered, an alert is sent to the consumer, prompting them to restructure their place in a better vault.
Orbs: Decentralizing DeFi
Many DeFi apps today, like Revault, perform many of their features centrally. This is due to the limitations of EVM-based L1 and L2 chains, which were not designed to provide the infrastructure needed to run these features decentralized.
Orbs’ distinctive hybrid approach, aimed at connectivity with EVM-enabled blockchains such as Polygon, Binance Smart Chain, Ethereum, and Avalanche, could provide tools to enhance the capability of EVM smart contracts.
The new L3 value proposition of Orbs opens the door to many more innovative and exciting DeFi applications that are not currently available. They predict that many other DeFi protocols will take advantage of the distinctive characteristics of the Orbs network to achieve greater valuation for their customers.