Orderly Network: Revolutionizing Decentralized Trading Infrastructure

Orderly Network is a groundbreaking project that merges the efficiency of centralized exchanges with the transparency and security of decentralized systems. Built as a unified trading infrastructure, Orderly Network is designed to provide a robust orderbook-based trading system for decentralized exchanges (DEXs), offering both spot and perpetual futures trading with deep liquidity.

What is Orderly Network?

Orderly Network is a pioneering trading infrastructure that combines an orderbook-based system with a comprehensive liquidity layer, making it a unique solution in the decentralized finance (DeFi) space. Unlike traditional platforms, Orderly Network doesn’t offer a front-end trading interface. Instead, it functions as the underlying infrastructure that powers various projects built on top of it, providing essential services like liquidity and trade execution.

The platform's white-label DEX solution is tailored to save builders time and capital while offering them access to bootstrapped liquidity. This approach allows developers to create trading applications that inherit the best features of centralized exchanges (CEXs), such as high performance and deep liquidity, while still maintaining the core benefits of decentralization, including on-chain settlements and full self-custody of assets. With Orderly Network, anyone can build and operate a trading platform with minimal effort, leveraging the infrastructure’s composability and plug-and-play capabilities.

How it Works

Orderly Network operates by providing a seamless plug-and-play trading infrastructure that can be utilized across various applications and use cases. Whether it’s brokers looking to create their own decentralized exchanges (DEXs) on NEAR or Ethereum Virtual Machine (EVM) chains, or spot aggregators aiming to secure the best market rates, Orderly Network offers the tools needed to get started quickly and efficiently. The platform’s robust API and SDK empower developers to integrate Orderly’s liquidity and trading capabilities into their own products without having to build a trading engine from scratch.

One of the standout features of Orderly Network is its omnichain approach, which allows users to trade across multiple blockchains using the same orderbook. This unified system eliminates the need for complex bridging between different ecosystems, enabling seamless and efficient trading experiences. By unifying liquidity across chains, Orderly Network not only simplifies cross-chain interactions but also enhances the overall DeFi ecosystem by providing a more accessible and versatile trading infrastructure for developers and users alike.

Key Features

Orderly USDC Perpetual Futures contracts

• Cross-margin: Orderly currently offers cross-margin mode, where deposited USDC collateral is shared across all open positions to calculate the margin ratio.
• Supported leverages: Orderly supports various leverage options including 1x, 2x, 3x, 4x, 5x, 10x, and 20x.
• Position mode: Traders can only hold one-sided positions for a single Perpetual Futures contract, meaning you cannot hold both long and short positions simultaneously.

Spot Trading

Spot trading on Orderly involves the immediate exchange of assets at their current market price. All spot markets on Orderly are traded against USDC without any leverage, requiring an exchange of USDC for every trade.

Accounts

Orderly has implemented an account structure where each user’s address can have multiple accounts, each linked to a specific front-end on Orderly. This compartmentalization ensures that trading activities such as trades, fees paid, and volume are independent across different accounts, even if they are owned by the same wallet.

Order Types

Orderly supports five order types:

• Market: Matches until the full size is executed. If not fully executed, the remaining quantity is canceled.
• IOC (Immediate or Cancel): Matches as much as possible at the order price, canceling the unexecuted portion.
• FOK (Fill or Kill): Fully executes the order at the order price or cancels it without execution.
• Post Only: Cancels the order if it executes with any maker trades at placement.
• Reduce Only: Executes buy or sell orders that only reduce an existing position.

Orderly Network's Advantages

Orderly Network provides a range of advantages that make it a standout in the DeFi space. By leveraging a unified orderbook and liquidity layer, the platform offers a seamless and efficient trading experience across multiple blockchains. Below are the key advantages of using Orderly Network.

• Unified Orderbook and Liquidity: Access all major chains through a single, unified trading infrastructure.
• Quick & Easy Development: Utilize the SDK to develop and launch in 1-2 weeks.
• Ready-to-Use Liquidity: Multiple top-tier Market Makers ensure continuous liquidity.
• Revenue Sharing: Earn a share of fees generated by your platform.
• CEX-Level Performance: High-frequency trading strategies with low latency, while maintaining full on-chain transparency.
• Gasless Trading: No gas fees post-funds deposit, with seamless trading activation.
• One-Click Trading: Simplified trading sessions with no additional signatures or approvals.
• Self-Custody: Full control of assets, eliminating insolvency risks.
• Collaborative Ecosystem: Join a thriving, like-minded community for greater success.

ORDER Tokenomics

Token Utilities

The $ORDER token is integral to the Orderly Network, offering various utilities that align the interests of stakeholders and drive platform adoption. These utilities are designed to create a positive feedback loop, enhancing the value proposition of the platform for all users.

• Governance Rights: $ORDER staking empowers token holders to participate in decentralized governance over key aspects of the Orderly Network as the governance process is formalized. Further details will be announced in due course.
• Earning VALOR: VALOR measures a user’s $ORDER staking position in terms of amount and duration, entitling users to a corresponding share of the protocol treasury.
• Boosting Trading Reward: By staking $ORDER, traders receive a higher share of the trading rewards.
• Boosting Market Making Reward: Staking $ORDER enables market makers to receive a higher share of the market-making rewards.
• Other Utilities: Additional $ORDER token utilities will be introduced in Orderly Network’s upcoming products and third-party DeFi protocols.

Token Distribution

The total supply of $ORDER tokens is 1,000,000,000. This supply is strategically distributed across various stakeholders and use cases to ensure the sustainable growth and development of the Orderly Network ecosystem. Below is the breakdown of how the $ORDER tokens are allocated:

• Retroactive Airdrop (13.3% - 133,000,000 $ORDER): Unlocked at the TGE as retroactive rewards to early supporters.
• Trading Rewards (15% - 150,000,000 $ORDER): Unlocked over 200 epochs (approx. 7 years), with a decreasing amount locked per epoch.
• Market Making Rewards (10% - 100,000,000 $ORDER): Unlocked over 200 epochs (approx. 7 years) with a linear unlock of 500,000 $ORDER per epoch.
• Builder Rewards (8.35% - 83,500,000 $ORDER): Given as builder grants to incentivize developers, based on criteria like trading volume and active users.
• Future Product Launches (8.35% - 83,500,000 $ORDER): Locked until usage is formally established and communicated.
• Strategic Investors (15% - 150,000,000 $ORDER): Locked for 6 months post-TGE, with 3.5 years of linear vesting thereafter.
• Team and Advisors (20% - 200,000,000 $ORDER): Locked on a 1-year 25% cliff, with 3-year linear vesting thereafter.
• Foundation (10% - 100,000,000 $ORDER): Designated for $ORDER liquidity on CEX and DEX platforms, ecosystem grants, and partnerships. Initial 31,000,000 $ORDER tokens available post-TGE, with transparency regarding further utilization.

Team and Investors

Orderly Network was co-founded by a team with deep experience in both traditional finance and the crypto industry:

• Ran Yi (Co-founder & CEO): With over 15 years in global asset management and 5 years in the crypto industry, Ran Yi has a strong background in financial services. He previously worked at Freddie Mac during the 2008 financial crisis, which led him to lose faith in traditional financial systems and eventually enter the world of crypto. Ran is also deeply involved in WOO Network, which played a role in incubating Orderly Network​.
• Terence Ng (Co-founder & CTO): Terence Ng brings extensive expertise in computer engineering and trading technology. He has co-founded Orderly Network while also serving as the CTO of WOO Network. His previous roles include CEO of HaiChuanTech and COO of Derivatives China Capital.
• Arjun Arora (COO): Arjun Arora has a background in business development and leadership strategy, with significant experience at Google, where he held various leadership roles. He has been instrumental in scaling Orderly Network from a small team to a larger organization.

Orderly Network has successfully completed multiple funding rounds to fuel its development and expansion.

• Series A Round (June 9, 2022): In its Series A round, Orderly Network raised $20 million from leading venture capital firms, including Pantera Capital, Dragonfly Capital, and Sequoia Capital. This funding round also saw participation from other notable investors such as IOSG Ventures, Jump Crypto, Mirana Ventures, MEXC, Amber Group, Raydium, and C² Ventures. The capital raised during this round was instrumental in establishing the foundational infrastructure of Orderly Network and supporting its early-stage growth.
• Strategic Funding Round (August 15, 2024): Later, in a strategic funding round, Orderly Network secured an additional $5 million. This round was backed by prominent investors, including OKX Ventures, Nomad Capital, Manifold, Presto Labs, LTP | LiquidityTech, and Origin Protocol. The funds from this round are aimed at enhancing the platform's capabilities, expanding its ecosystem, and supporting the launch of new products​.

Conclusion

Orderly Network is poised to revolutionize the decentralized trading landscape with its innovative infrastructure and liquidity solutions. By combining the best aspects of centralized and decentralized exchanges, it offers users a seamless, secure, and efficient trading experience. With its vision of becoming an omnichain protocol, Orderly Network is set to become a key player in the future of decentralized finance.