• Orbs, a layer three infrastructure network for decentralized applications, has announced the integration of its revolutionary dLIMIT and dTWAP protocol on Chronos, one of the largest decentralized exchange platforms on Arbitrum.
• The integration allows traders to access advanced order types such as ‘limit’ orders and time-weighted orders (TWAP).
• This integration further solidifies Orbs’ status as the market leader in DeFi innovation.
Integration of Orbs Protocols with Chronos DEX Platform
Orbs , the layer three infrastructure network for decentralized applications, has announced the integration of its dLIMIT and dTWAP protocol on Chronos , one of the largest decentralized exchange platforms on Arbitrum. The integration means that users can now access advanced order types that guarantee pricing on their trades and break up larger orders into smaller transactions.
Advanced Order Types Available
The two new order types available are ‘limit’ orders and time-weighted orders (TWAP). A ‘limit’ order enables traders to buy or sell tokens at a specific price or better, where there is guaranteed pricing but not necessarily guaranteed execution. TWAP orders are an algorithmic trading strategy which breaks large orders into smaller segments so that they can be executed over a specified period of time at more optimal prices.
Growing Club of Prominent DEXs Integrating Orbs’ Protocols
With each new integration of dLIMIT and dTWAP, it further solidifies Orbs’ status as the market leader in DeFi innovation, showcasing the ability of its novel layer three technology to push the boundaries of smart contract capabilities. QuickSwap, SpookySwap and Thena are some other prominent DEXs which have integrated these protocols from Orbs.
Benefits for Traders on Chronos DEX
Traders on Chronos DEX can now utilize both order types without sacrificing decentralization – something which would not have been possible before this integration took place. These features allow traders to acquire assets over a longer duration at more optimal prices while reducing overall price impact when executing larger trades in liquidity pools.
Conclusion
The recent announcement by Orbs that its protocols will be integrated with Chronos DEX platform provides traders with numerous benefits such as access to advanced order types like ‘limit’ and TWAP orders without sacrificing decentralization. This further cements Orbs’ position as a leader in DeFi innovation by showcasing what their layer three technology is capable off.
