PancakeSwap

DeFi

when

Orbs

PancakeSwap’s multi-chain DEX has integrated&nbsp;the Orbs-powered dLimit and dTWAP protocol. Because of this, traders on PancakeSwap have access to sophisticated order types that ensure price execution and allow them to split larger orders into smaller trades. The biggest DEX to integrate&nbsp;the technology, based on trading volume, is PancakeSwap.
Following successful integrations with other well-known DEXs like QuickSwap, SpookySwap, and Thena, dLimit and dTWAP have been added to PancakeSwap. The growing use of these trading solutions demonstrates how Orbs’ layer 3 technology can push the limits of smart contracts and further reinforces the company’s leadership position in the <a href="https://thenewscrypto.com/base-hits-record-transaction-volumes-in-march-defi-activity-surges/" target="_blank" rel="noopener noreferrer nofollow">DeFi</a> innovation sector.
PancakeSwap is a leading&nbsp;decentralized exchange (DEX) on many EVM chains, including&nbsp;BNB Chain, <a href="https://thenewscrypto.com/usdc-issuer-circle-announces-integration-with-ethereum-zksync/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>, zkSync, and Arbitrum, with $6 billion in weekly transaction volume. By adding dLIMIT and dTWAP, PancakeSwap will be able to provide its consumers even more trading choices&nbsp;while also expanding its existing product line.
dLIMIT is a completely decentralized, permissionless, and composable DeFi protocol, driven by the Orbs network. Because of its integration&nbsp;with PancakeSwap, traders may access sophisticated order types at no additional cost. PancakeSwap is incorporating Orbs’ decentralized time-weighted average price orders (dTWAP) in addition to dLIMIT, allowing for the implementation of this popular&nbsp;algorithmic trading technique.
Orbs VP of Business Development Ran Hammer said:
<blockquote class="wp-block-quote">
 “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.”
</blockquote>
On PancakeSwap, users are greeted with an intuitive UI and an order history tab&nbsp;for monitoring past transactions when they choose a dLIMIT trade. Prices, gas fees, and market circumstances are all taken into consideration by dLIMIT. The user may authorize the source token once the parameters are established, but only after placing and examining the order.
The user has to indicate how many separate trades they want to make when placing a dTWAP order on PancakeSwap. The projected trading period and the total number of transactions needed to execute the order are automatically determined by the user interface. Across six chains, 10&nbsp;well-known DEXs have adopted the protocol, enabling trade volume exceeding $40 million.

PancakeSwap Integrates Orbs-Powered dLIMIT and dTWAP Protocol

TheNewsCrypto

Інші статті, опубліковані 12 квіт. 2024 р.

Shiba Inu flashes this dangerous warning sign

Trader Says This Ethereum-Based Altcoin ‘One of the Strongest Coins,’ Updates Outlook on Solana a...

Messari CEO Eager To Join SEC Investor Advisor Committee, A Pro-Crypto Move?

Solana congestion: Is a weekend recovery on the cards for the network?

Cardano Crash: ADA Down -17%, What's Happening to Cardano?

The Newest Learn-To-Earn Crypto Presale Now Raises Over $190,000 – Could It Be the Next Bitcoin?

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!