Orbs Names Ran Hammer CEO Amidst DAO Launch and Trading Suite Upgrade

Orbs has undergone a strategic leadership transition by naming Ran Hammer as its new CEO. The move comes after a series of significant developments for the protocol, including the successful passage of OIP-9, which formally established the Orbs DAO.

The proposal drew over 350M ORBS in support from staked ORBS holders who voted on Snapshot between July 30 and August 6. With the creation of the DAO, governance is now being handed over to the protocol's global community.

Orbs has also made strides in its trading infrastructure, launching Perpetual Hub Ultra 2.0, a full in-house perp trading suite built on its layer 3 infrastructure. This move eliminates third-party dependencies and provides a more seamless experience for traders.