Orbiter Finance is a tool that helps users move Ethereum assets between different networks. It's a Layer 2 solution, which means it works on top of Ethereum to make things cheaper and faster.
Description
Here's how it works:
- Two Roles: In Orbiter Finance, there are "Senders" and "Makers". Senders are users who want to move their assets. Makers are like helpers who have assets on the network where the Sender wants to move their assets.
- How It Works: If you're a Sender, you put your assets into Orbiter's system. Then, Orbiter finds a Maker on the network where you want to send your assets. The Maker has the same kind of assets there. Your assets are then sent to the Maker's account on the new network.
- Paying the Maker: The Maker helps move your assets and gets a small fee for this service.
- Decentralized and Secure: Orbiter Finance isn't controlled by one person or company. It's decentralized, which makes it more secure.
In summary, Orbiter Finance is like a bridge that makes it easier and cheaper to move your Ethereum assets from one place to another. It's useful if you want to use different blockchain networks without paying a lot of fees.
Funding
Undisclosed
Undisclosed
Total Funds Raised
Undisclosed
Undisclosed
Investment round
Led by Tiger Global, matrixport, A and T Capital, StarkWare, Mirana, Lemniscap, Dialectic, Loopring, Redpoint, Amber, cobo Ventures, imToken, Mask, ZONFF Partnets, Catchervc, GGV Capital, Formless Capital, DWEB3.