Home / Cases / Development of Orderly Network within Near Ecosystem

Development of Orderly Network within Near Ecosystem

Orderly.Network represents the cutting-edge trading infrastructure designed for dApps, operating on a permissionless and modular protocol. It empowers web 3.0 builders by providing them with liquidity and a CLOB (Central Limit Order Book) infrastructure.

IdeaSoft has developed a decentralized exchange protocol and modular ecosystem with an opportunity to work on a hybrid model. It uses an off-chain order book to provide a platform complete with a risk engine, matching engine, and shared asset pools for dApps to build on top of, intending to move to an entire on-chain mechanism.

Learn more information about our Blockchain Development Services

Client Orderly

Services Blockchain Software

Technologies Blockchain - NEAR Back-End - Rust

Link orderly.network

Project Description

Orderly Network overview

Orderly stands as a modular ecosystem for DEXes operating on the NEAR blockchain. Presently, it employs an off-chain order book to facilitate dApps with essential components like a risk engine, matching engine, and shared asset pools. However, the ultimate objective is to transition to a fully on-chain mechanism.

Despite significant advancements in on-chain trading experiences over recent years, certain prominent issues persist within the DEX space. Notably, high gas fees, commissions, and slippage continue to pose challenges for DEX trading. Additionally, professional traders often avoid DeFi platforms due to the need for fast and liquid markets. Furthermore, there is a noticeable absence of white-labeling solutions tailored for derivative DEXs. Addressing these concerns and embracing the move towards an entirely on-chain approach will further enhance the trading capabilities and accessibility of the Orderly network for both traditional users and professional traders alike.

Security Orderly has been audited by Halborn, award-winning ethical blockchain hackers. The secondary audit has been conducted by CertiK.

Target Audience

The versatile solution proposed by Orderly.Network seamlessly integrates with various platforms, such as exchanges, lending, staking, borrowing services, and more, all of which are based on NEAR blockchain. However, it is not limited to just these specific platforms. The innovative bridging mechanism enables the efficient transfer and utilization of liquidity in a cross-chain mode, allowing for enhanced interoperability across different blockchain networks.

This broad approach ensures that users can tap into a wide array of decentralized financial services, optimizing their trading and investment strategies while benefiting from the liquidity pool available on multiple chains. The protocol’s adaptability and compatibility with diverse ecosystems make it a valuable asset for the rapidly evolving landscape of web3 applications and blockchain-based finance.

Implemented Solution

NEAR-based ecosystem;
Deep liquidity via world-class market makers;
Implementation of composable infrastructure;
Enabling middleware for DeFi protocols;
Developed functionality that provides trading access to users with the help of Lending/Borrowing protocol available to an entire ecosystem of traders and composing projects and Shared liquidity pool accessible by a whole ecosystem of managing projects;
Optimizing liquidity for ecosystem’s dApps.
Optimization of order matching engine that provides superior liquidity by utilizing off-chain flow.