Orbs’ dLIMIT and dTWAP protocols now on PancakeSwap’s decentralized exchange
PancakeSwap, a prominent multi-chain decentralized exchange (DEX), has integrated Orbs’ innovative dLimit and dTWAP protocols, according to information shared with Finbold on April 11.
Marking a significant advancement in decentralized finance (DeFi) trading capabilities, the integration enables PancakeSwap traders to employ advanced order types, ensuring guaranteed price execution and breaking down large orders into more manageable trades.
The wide application of Orbs’ solutions
As the largest DEX by trading volume to embrace this technology, PancakeSwap joins a roster of leading platforms including QuickSwap, SpookySwap, and Thena, in integrating Orbs’ solutions.
The move underscores both Orbs’s position as a frontrunner in DeFi and the power of its layer-3 technology in pushing the boundaries of smart contract functionality.
PancakeSwap, boasting a staggering $6 billion in weekly transaction volume across various EVM chains such as BNB Chain, Ethereum, zkSync, and Arbitrum, stands to significantly enhance its offerings through the incorporation of dLIMIT and dTWAP.
These protocols not only expand PancakeSwap’s product portfolio but also afford users greater flexibility in their trading strategies.
Seamless algorithmic trading
dLIMIT, a fully decentralized and composable DeFi protocol, offers advanced order types without any additional costs.
On the other hand, the integration of decentralized time-weighted average price orders (dTWAP) allows users to execute such popular algorithmic trading strategies seamlessly.
Ran Hammer, VP of Business Development at Orbs, emphasized the value dLIMIT and dTWAP bring to millions of DeFi enthusiasts:
“PancakeSwap’s integration of dLIMIT and dTWAP brings powerful new trading features to millions of DeFi users. In the process, it reinforces the protocol’s status as the preeminent solution for supporting advanced order types. Thanks to dLIMIT and dTWAP, PancakeSwap users will be able to trade more efficiently and enjoy better order execution without compromising on decentralization.”
— Ran Hammer, VP of Business Development at Orbs
Indeed, the dLIMIT and dTWAP protocols have emerged as the industry standard, with implementation spanning six chains and facilitating over $40 million in trading volume.
Enhanced user experience
Upon selecting a dLIMIT trade, PancakeSwap users will be presented with an intuitive interface (UI), complete with an order history tab for transaction monitoring.
dLIMIT considers factors such as market conditions, prices, and gas fees to ensure optimal trade parameters.
Similarly, dTWAP orders require users to specify the number of individual trades, with the UI calculating the total transactions required and the estimated trading interval.