The Orbs Network a public blockchain infrastructure with a focus of enriching the capabilities of EVM smart contracts (kind of like an L3 that can work in conjunction with L1 and L2 solutions as part of a tiered blockchain stack). The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus. The Orbs protocol relies on the ORBS token, which is used for the settlement of fees related to app execution and provides the system of incentives used to elect validators (who are referred to as “Guardians”) in a secure and decentralized manner.
Tetra is the official staking wallet by the Orbs team, from which any ORBS holder can easily stake tokens with a Guardian of their choice. For the release of Orbs PoS V3: Multi-chain staking, Tetra has been updated to enable staking on Polygon with a simple and intuitive UI to switch between the Ethereum and Polygon networks.