In this post:
- Orbs has unveiled the gration of its flagship trading protocols TWAP and dLIMIT into SpookySwap on Sonic.Â
- The Blockchain infrastructure provider revealed that the dLIMIT protocol allows users to develop limit orders that can only be executed at certain price points.Â
- Orbs highlighted that the TWAP protocol will help in dividing large trades into smaller portions that are executed over time to avert slippage and minimize exposure to temporary price fluctuations.
Orbs, a Blockchain infrastructure provider, has announced the introduction of its dLIMIT and TWAP features into SpookySwap, which is based on the Sonic blockchain. According to Orbs, these new features will allow users on Sonic’s L1 to gain access to improved types of orders through the decentralized exchange SpookySwap.
On April 15, Orbs announced a partnership with the decentralized exchange SpookySwap. Reportedly, SpookySwap, which is based on Sonic blockchain, will integrate flagship trading features powered by Orbs. According to Orbs, dLIMIT and TWAP protocols will enable users on Sonic’s L1 to use advanced types of orders easily. Orbs promised traders that they would now have access to these two new protocols on the decentralized exchange. Orbs revealed that the dLIMIT protocol will offer traders an advanced strategy for entering and exiting trades.
SpookySwap gets new features
The Blockchain infrastructure provider Orbs has announced its partnership with SpookySwap, a decentralized exchange (DEX) based on Sonic. Orbs said it has integrated its dLIMIT and TWAP (Time-Weighted Average Price) orders into the DEX. The blockchain infrastructure provider revealed that the dLIMIT protocol will allow traders to create limit orders.
According to Orbs, limit orders are trades that are only processed at specified price points. The blockchain technology provider explained that the dLIMIT protocol will provide traders with advanced entry and exit techniques.
The blockchain infrastructure platform Orbs also introduced the TWAP feature into SpookySwap. Orbs explained that the TWAP protocol breaks up large trades into smaller chunks, which are executed over a period of time. The decentralized infrastructure protocol provider added that dividing the trades into manageable chunks, executed over time, helps traders avoid slippage and minimize vulnerability to temporary fluctuations in price.
SpookySwap continues to evolve
Orbs confirmed that users can access these new features without disrupting the DEX’s standard user experience. Reportedly, this integration helps improve the capabilities of SpookySwap beyond its usual simple swaps. Orbs further explained that the new features provide a broader range of exchange capabilities on the DEX.
Reportedly, SpookySwap has experienced a trading volume of over $30 million in the last 30 days. According to Orbs, the new protocols, dLIMIT and TWAP, will further expand the variety of services provided by the DEX. Orbs noted that dLIMIT and TWAP have already been accepted as the benchmark for delivering algorithmic orders in the DeFi realm.
Orbs said its protocols are now integrated in over 15 leading DEXs across nine different blockchains. According to the blockchain technology provider, such protocols include Liquidity Hub for aggregated liquidity and Perpetual Hub for decentralized on-chain perpetual futures.
