Key Highlights:
- QuickSwap, the largest native DEX on the Polygon network, has incorporated dTWAP protocol powered by Orbs into its ecosystem.
- Orbs is on a relentless move to establishing itself as a market leader in DeFi innovation.
QuickSwap, a leading native decentralized exchange (DEX) on Polygon, has announced today its integration of the dTWAP protocol, powered by Orbs. The move follows QuickSwap’s plans to enhance users’ trading experience on its platform.
Following the new partnership, dTWAP, a fully decentralized and permissionless protocol developed by Orbs, will become accessible to QuickSwap traders without any additional cost. Basically, the partnership will provide QuickSwap traders (popularly known as dragons) with the opportunity to access an advanced algorithmic trading strategy that will trigger effective reduction of the price impact of their orders.
Notably, the Time-Weighted Average Price (TWAP) is a commonly used algorithmic trading strategy in centralized finance (CeFi) that aims to mitigate the impact of large orders on the market. By breaking down substantial orders into smaller portions executed over time, this approach reduces price volatility and allows traders to gradually accumulate assets. With the integration of dTWAP, QuickSwap’s dragon traders can now enjoy the benefits of this strategy without sacrificing the decentralization offered by the platform.
With QuickSwap supporting a transaction volume of $209.8 million in the past week alone, the integration of dTWAP will broaden the DEX’s offerings and attract higher volumes from traders seeking to minimize price impact. The dTWAP algorithmic trading strategy, commonly used in traditional finance, allows for the gradual execution of large orders over time, mitigating adverse price fluctuations. By implementing this strategy, dragon traders can enjoy the benefits of decentralized trading without compromising on functionality.
The introduction of dTWAP on QuickSwap comes with a user-friendly interface that allows traders to customize their orders in real-time. Before executing a dTWAP order, traders specify three key parameters, which include the number of intervals, the maximum duration for executing the order, and the trade interval. These parameters provide flexibility in tailoring each order to market conditions and gas fees. The dTWAP UI supports both market and limit orders, offering a seamless trading experience.
Orbs establishes itself as a market leader with multiple DEX integrations
The Orbs protocol operates on a public network of permissionless validators, utilizing Proof-of-Stake (PoS) and boasting a total value locked (TVL) of over a hundred million dollars. By leveraging the Orbs decentralized network, Orbs pioneers the concept of L3 infrastructure, expanding the capabilities of existing Ethereum Virtual Machine (EVM) smart contracts and unlocking new possibilities for Web 3.0, DeFi, NFTs, and GameFi.
Meanwhile, the implementation of Orbs’ infrastructure for Limit Swap orders further showcases the close technical collaboration between the two projects. Smart contract audits and robust developer documentation played a pivotal role in making dTWAP a reality on QuickSwap. This development marks a significant milestone for dTWAP. Also, with successful integrations on SpookySwap, Spirit, and Pangolin, dTWAP is positioning Orbs as a market leader in DeFi innovation.
Prior to this integration, the dTWAP protocol, powered by Orbs’ L3 technology, has emerged as the industry standard for decentralized algorithmic orders in the DeFi space. Thus, its successful integrations on four DEXs across three different chains and a trading volume exceeding $200 million in the past seven days, poses the protocol for substantial growth as it expands support for additional DEXs. Traders can expect future updates on the ongoing collaboration between Orbs and QuickSwap.
