Key Takeaways
- Thena announced the exchange integration of the Orbs-powered dTWAP and dLIMIT protocols.
- Thena traders can benefit of both traditional finance orders while maintaining decentralization.
- The integration of dLIMIT and dTWAP into Thena will improve the trading experience while highlighting Orbs’ cutting-edge Layer-3 technology.
Thena, one of the most extensive exchanges on the BNB chain, proudly announced the exchange integration of the Orbs-powered dTWAP and dLIMIT protocols. Thanks to this integration, Thena users will benefit from advanced order types, including limit orders, enabling them to secure the price of orders or divide up large orders into smaller trades.
Thena traders can now begin taking advantage of both essential traditional finance (TradFi) orders without sacrificing decentralization.
Orbs Protocol has previously completed its integration with SpookySwap, Pangolin, QuickSwap, and SpiritSway. Orbs’ leadership in the DeFi market becomes undisputed with Thena integration. Smart contract controls and rich developer documentation are cited in both protocols as the sources of this technical collaboration between Orbs and Thena.
- Advanced Order Types with No Extra Fees: Traders can use dLIMIT to gain access to advanced order types without paying any more fees. This enables users to employ advanced trading tactics and select from a variety of order execution choices.
- Efficient Algorithmic Trading with dTWAP: Traders can easily implement algorithmic trading methods. dTWAP reduces the impact on pricing and allows traders to progressively trade digital assets over a specified period of time, resulting in better trading results and overall performance.
The integration of dLIMIT and dTWAP will grow Thena’s existing offerings, which include multi-chain swaps, LP locking, and governance.
Vice President for Business Development of Orbs Ran Hammer has honored dLIMIT, stating it offers DEX users “an unprecedented ability to execute limit orders at optimal prices with fair fees.” The decentralized limit order solution, which is built on Orbs’ unique Layer-3 infrastructure, has proven highly successful since launching at the beginning of June.
When performing a dLIMIT’swap’ on the Thena exchange, traders are provided with an easy-to-use user interface and an order history page that allows them to follow past transactions.
- Trader must specify the following parameters before executing a dLIMIT order;
- From: The token they currently possess
- To: The token they want to swap for
- Limit Price: Trades are only executed when the available market price is equal to, or better than, the limit price.
After filling out all of the fields, traders can authorize the specific source token, activate the order, and watch it in real-time through the Order History tab.
When setting up a dTWAP order, three additional parameters need to be configured:
- Number of Intervals: Determines the number of individual trades required to complete the order. The user interface automatically calculates the total number of transactions needed.
- Max Duration: Defines the maximum time allotted for executing all the individual dTWAP order trades.
- Trade Interval: Sets the time gap between each trade.
Thena’s integration of dLIMIT and dTWAP will enrich the trading experience on Thena while emphasizing Orbs’ cutting-edge Layer-3 technology.
About ORBS
Orbs is a decentralized blockchain network that develops smart contracts, opens new possibilities in fields such as Web 3.0, GameFi, DeFi, NFT. Orbs Blockchain works as a separate layer between existing blockchain solutions and the application layer without impacting liquidity. Founded in 2017, Orbs has a dedicated team of over 30 people and offices in Tel Aviv, London, New York, Tokyo, and Seoul.
