Hassan Maishera
Decentralized exchange PancakeSwap has integrated dLimit and dTWAP protocol powered by Orbs into its multi-chain DEX.
In a press release shared with Cryptowisser, Orbs said PancakeSwap users can now access advanced order types for guaranteed price execution. The features also allow users to break large orders into smaller trades.
According to the team, the integration of these features comes after the successful integrations with other prominent DEXs including QuickSwap, SpookySwap, and Thena.
PancakeSwap is currently the leading decentralized exchange across multiple EVM chains including BNBChain, Ethereum, Arboitrum, and zkSync, thanks to the $6 billion it processes weekly.
The team added that the integration of dLIMIT and dTWP will expand its current products while making it easier for users to access other trading options.
dLIMIT is powered by Orbs Network and it is a decentralized, permissionless, and composable DeFi protocol. Its integration with PancakeSwap grants traders access to advanced order types at no extra cost.
Furthermore, PancakeSwap integrated decentralized time-weighted average price orders (dTWAP) by Orbs, enabling the execution of this popular algorithmic trading strategy.
While commenting on this latest development, Orbs VP of Business Development Ran Hammer said,
“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.”
When using dLIMIT on PancakeSwap, users can also keep track of previous transactions via the history tab. dLIMIT takes into account current market conditions, prices, and gas fees. Once the parameters are set, the user can approve the source token before placing and reviewing the order.
Furthermore, dTWAP orders on PancakeSwap require users to specify the number of individual trades. This allows the UI to calculate the total number of transactions required to complete the entire order and the estimated trading interval.
Orbs is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators. Orbs’ decentralized execution layer operates between existing L1/L2 solutions and the application layer, forming a tiered blockchain stack that avoids the need to move liquidity onto a new chain.
