As a seasoned analyst with years of experience in the crypto space, I find this development between SushiSwap and Orbs to be quite intriguing. The integration of layer-3 protocols such as dLIMIT and DCA brings a new dimension to decentralized trading, offering users more control over their trades.
The decentralized cryptocurrency trading platform, SushiSwap, has recently incorporated Orbs’ layer-3 protocols. This integration allows for additional order types, such as the capability to distribute orders across different periods.
SushiSwap, a decentralized trading platform and automated market maker, has incorporated the layer-3 Orbs’ (ORBS) dLIMIT and DCA decentralized strategies, providing users with fresh methods to handle transactions.
In a press release distributed to crypto.news on August 20th, Orbs announced that the dLIMIT protocol has been integrated into SushiSwap. This means that traders on SushiSwap can now set limit orders directly on a blockchain network. They can specify buy or sell prices for their trades and these will only be executed when market conditions meet the stipulated parameters. Additionally, users have the ability to customize order execution and monitor their transactions via an ‘Order History’ tab.
“Transactions will be completed only if the current market price matches or surpasses the predefined Limit price. The Limit value also considers existing market circumstances, prices, and gas charges.”
Orbs
Orbs brings new DeFi features to SushiSwap
As a crypto investor, I’m excited about the recent update on SushiSwap that now supports Orbs’ DCA (Dollar Cost Averaging) protocol. This means I can now place “time-weighted average price orders,” which is a feature that lets me set the frequency and number of trades. With this, I can gradually accumulate a position in my desired token over time, as suggested by Orbs. This strategic approach could potentially help me manage risk better and make more informed investment decisions.
Orbs, a platform that uses a proof-of-stake system, is designed to boost the capabilities of decentralized finance (DeFi) by serving as a middle layer. In 2023, Orbs managed to secure $10 million by selling its native tokens to DWF Labs, and since then, it has been extending its services across various blockchain networks such as Ethereum, Polygon, and the Open Network.
In July, the project launched its liquidity hub, Fenix Finance, in July on the Blast-based decentralized exchange protocol, aimed at improving liquidity and capital efficiency for its users. Following the integration announcement, the price of the ORBS token increased by over 5% to $0.025.
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2024-08-20 17:00