Blockchain infrastructure provider Orbs has announced the integration of its dLIMIT and TWAP protocols into SpookySwap on Sonic. This enables DeFi traders on Sonic’s L1 to access advanced order types through SpookySwap’s popular decentralized exchange.
The integration of Orbs’ flagship trading protocols into SpookySwap allows traders to set advanced orders while working within a user-friendly interface. Seamlessly incorporated into SpookySwap’s existing user flow, dLIMIT and TWAP allow trades to be broken down into multiple orders to deliver a CEX-style trading experience.
dLIMIT lets SpookySwap users create limit orders to buy and sell tokens at specific price points. This optimizes pricing by allowing traders to enter a position at a favorable price. Its integration into SpookySwap has been accompanied by TWAP (Time-Weighted Average Price) by Orbs, a popular trading strategy that is synonymous with CEX trading.
TWAP by Orbs makes it easier for traders to build up a large position in a desired asset without being impacted by slippage or liquidity pool volatility. Rather than obliging traders to execute a large trade in a single swap, TWAP breaks the order down into smaller portions that can be executed over time. This also ensures a more favorable average entry price that reduces the likelihood of buying at the highest price point.
With a 30-day volume of more than $30M, SpookySwap has become a competitive Sonic DEX. V3 of its protocol, deployed on Sonic’s high-speed Layer 1, supports swaps, staking, earning, and a token launchpad. The integration of dLIMIT and TWAP will further expand the range of services available to SpookySwap users.
dLIMIT and TWAP have become the industry standard for delivering algorithmic orders across the DeFi landscape. Together with Liquidity Hub for aggregated liquidity and Perpetual Hub for decentralized onchain perpetual futures, Orbs protocols have been implemented by 15 prominent DEXs spanning nine chains.
About Orbs
Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced onchain trading. Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs powered protocols such as dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the boundaries of DeFi and smart contract technology, introducing CeFi-level execution to onchain trading.
Learn more: https://www.orbs.com/
About SpookySwap
SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) built on UNIV3 for EVM-compatible networks. As the premier DEX on Fantom, Horizen, and BitTorrent Chain, Spookyswap is committed to delivering a seamless DeFi experience with a strong foundation powered by its BOO token, which supports governance, diverse farming options, and a built-in bridge.
Learn more: https://www.spooky.fi/
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