- The dSLTP protocol lets traders automate swap execution and manage risk directly on a decentralized exchange without third-party bots.
- Orbs’ Layer 3 infrastructure powers the system, offering a permissionless and trustless alternative to centralized trading automation.
- Orbs’ Ran Hammer says the integration advances CeFi-style automation within DeFi and expands what traders can do on decentralized markets.
Automated market-making decentralized exchange SpookySwap has integrated Orbs’ dSLTP protocol, becoming the first of its kind on the Sonic blockchain to offer automated stop-loss and take-profit orders.
The dSLTP protocol allows traders to set automated conditions for any swap, enabling them to manage risk and execute trades with precision directly on a DEX.
The protocol is powered by Orbs’ decentralized Layer 3 infrastructure, making it permissionless, trustless, and composable, a perk it has over traditional exchanges.
Sharing his thoughts on the integration and what it means for Orbs and SpookySwap, Ran Hammer, the Vice President of Business Development at Orbs, stated that “Bringing decentralized stop loss and take profit orders on-chain advances Orbs’ mission to deliver CeFi-level trading automation across DeFi ecosystems.”
He added: “SpookySwap’s integration shows how Layer 3 infrastructure can enhance user experience and expand what is possible for traders who rely on decentralized markets.”
According to the team, with the availability of stop-loss and take-profit functionality on the platform, users can now “protect positions, secure gains, automate execution, and maintain risk discipline without needing to monitor markets around the clock.”
Orbs’ dSLTP automatically resolves one of DeFi’s biggest headaches
While centralized platforms have offered stop-loss and take-profit functionality for years, DeFi traders had to monitor markets closely or rely on third-party bots to protect their positions and secure gains.
This latest integration gives SpookySwap users the ability to automate execution and maintain risk discipline without constant market surveillance. As one of the busiest exchanges on Sonic, SpookySwap provides a venue for active traders who require such automated tools to manage volatility.
The dSLTP protocol joins Orbs’ existing suite of advanced trading products, such as dLIMIT and dTWAP, which the team says together “support millions in automated monthly trading volume and provide a foundation for decentralized execution that mirrors the sophistication of centralized platforms.”
Building on an established partnership
SpookySwap is built on Uniswap V3 architecture for EVM-compatible networks, and it has established itself as a leading DEX on Fantom, Horizen, and BitTorrent Chain. The platform’s expansion to Sonic aligns with the blockchain’s growing DeFi ecosystem, which encompasses lending protocols, AMM DEXs, liquid staking, and yield farming.
Last month, THENA, a DEX on the BNB chain, announced that it had become the first to integrate Orbs’ dSLTP in a bid to offer traders the stop-loss and take-profit orders functionality as well.
Orbs, which operates as a decentralized Layer 3 blockchain designed for advanced on-chain trading, uses a proof-of-stake consensus mechanism to act as a supplementary execution layer.
