Arbidex, one of the largest DEXs on Arbitrum, has integrated the dLimit & dTWAP protocol powered by Orbs!
As a result, Arbidex traders will now have access to both advanced order types, enabling traders to guarantee the price of their orders or break up large orders into smaller trades. This development follows successful integrations with other prominent DEXs including QuickSwap, SpookySwap, Thena, and more. With each integration, dLIMIT and dTWAP further solidify Orbs' position as a market leader in DeFi innovation, showcasing Orbs' novel layer 3 technology for pushing the boundaries of smart contract technology.
dLIMIT and dTWAP are fully decentralized, permissionless, and composable DeFi protocols developed by the Orbs project and powered by the Orbs network. ArbiDex traders will now have access to the advanced order types at no extra cost, with dLimit enabling limit orders for single transactions and dTWAP enabling the execution of commonly used algorithmic trading strategies, all in a decentralized manner that was not available before.
Orbs is a decentralized protocol executed by a public network of permissionless validators using PoS, staked with TVL valued at over a hundred million dollars. Orbs pioneers the concept of L3 infrastructure, by utilizing the Orbs decentralized network to enhance the capabilities of existing EVM smart contracts, opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs, and GameFi.
Trade DeFi like a Pro
In the past month, ArbiDex supported a transaction volume of over 7 million dollars at the time of writing. dLIMIT & dTWAP will expand the DEX's current offerings, potentially opening up another avenue for the project to increase trading volumes.
For those who are unfamiliar, a Limit order allows users to buy or sell tokens at a specific price or better. While the specified price is guaranteed, the execution of the order is not and depends on price movement. Limit orders will only be executed if the market price meets the order specifications.
In contrast, a TWAP order is an algorithmic trading strategy that aims to reduce the impact of large orders on the market by breaking them down into smaller portions that are then executed over time. By executing smaller orders, this approach lessens the price impact or enables traders to gradually acquire various assets over a specific period. In DeFi this is particularly useful as pools need time to rebalance.
ArbiDex's traders can now utilize both of these key traditional finance orders without sacrificing decentralization.
Setting up a dLIMIT and dTWAP orders
When switching to a dLIMIT 'swap' on ArbiDex, users are presented with an easy-to-follow user interface alongside an order history tab to keep track of previous transactions.
Before executing a dLIMIT order, traders must specify the following:
From: The token that they currently have
To: The token that they wish to swap for
Limit price: Trades will ONLY be executed when the available market price is equal to or better than the Limit price.
dLIMIT takes into account current market conditions, prices, and gas fees. Once the parameters are set, the user can approve the specific source token, place the order, and review their order live in the 'order history' tab.
For a dTWAP order, three additional parameters need to be specified:
No. of Intervals: allows the user to specify the number of individual trades. The UI automatically calculates the total number of transactions required to complete the entire order and the estimated trading interval.
Max Duration: the maximum time during which the total amount of individual trades making up the full dTWAP order may be executed.
Trade Interval: sets the time gap between each individual trade. The user can edit this parameter, which also results in changes to the corresponding trade size and number parameters.
Similarly to dLIMIT, these parameters provide incredible flexibility in customizing each order, taking into account factors like market conditions and current gas fees. Additionally, the UI facilitates both dTWAP-market orders, which execute all trades at the available market price, and dTWAP-Limit orders, which only execute individual trades if they are within the price Limit set by the user. Once these parameters are set, the user can approve the specific source token, place the order, and confirm their specified configuration.
Redefining Trading Standards on Decentralized Exchanges
The dLIMIT & dTWAP protocols, powered by Orbs L3 technology, have become the industry standard for decentralized algorithmic orders in DeFi.
To date, the protocol has been implemented by 8 prominent DEXs spanning 5 chains, facilitating over 5 million dollars in trading volume.
For more information regarding both advanced order types, join the support Telegram channel.
Find out more info:
About Orbs
The Orbs Network is an open, decentralized, public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs is a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a "decentralized backend", enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs, and GameFi.
Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with contributors working out of Tel Aviv, London, New York, Tokyo, and Seoul.
For more information, please visit www.orbs.com, or join our community at:
Telegram: https://t.me/OrbsNetwork
Twitter: https://twitter.com/orbs_network
As a seasoned expert in the field of decentralized finance (DeFi) and blockchain technology, I can confidently affirm that the integration of the dLimit and dTWAP protocols by Orbs into Arbidex is a significant development that enhances the capabilities of one of the largest decentralized exchanges (DEXs) on Arbitrum. My depth of knowledge in this domain allows me to shed light on the key concepts and technologies involved in this integration.
Firstly, let's delve into the foundational components. Orbs, the project behind dLimit and dTWAP, is a decentralized protocol executed by a public network of permissionless validators using Proof-of-Stake (PoS). The Total Value Locked (TVL) in Orbs is valued at over a hundred million dollars, underscoring its prominence in the DeFi space.
Orbs pioneers the concept of Layer 3 (L3) infrastructure, leveraging its decentralized network to enhance the capabilities of existing Ethereum Virtual Machine (EVM) smart contracts. This innovation opens up new possibilities for various sectors, including Web 3.0, DeFi, Non-Fungible Tokens (NFTs), and GameFi.
Now, focusing on the integrated protocols – dLIMIT and dTWAP – these are fully decentralized, permissionless, and composable DeFi protocols developed by the Orbs project. Arbidex traders, as a result of this integration, gain access to advanced order types at no extra cost. This includes dLIMIT, enabling limit orders for single transactions, and dTWAP, facilitating the execution of algorithmic trading strategies in a decentralized manner.
The significance of these protocols lies in their ability to offer Arbidex traders advanced order types that were not previously available. dLIMIT allows traders to place limit orders, ensuring that transactions are executed only when the market price meets or exceeds the specified limit. On the other hand, dTWAP, an algorithmic trading strategy, breaks down large orders into smaller portions, mitigating price impact and allowing for gradual asset acquisition over time.
The user interface provided by Arbidex for dLIMIT and dTWAP orders is designed for ease of use. Traders can set parameters such as the token pair, limit price, number of intervals, max duration, and trade interval. These parameters provide flexibility in customizing orders based on market conditions and gas fees. The orders can be executed, tracked, and reviewed in the 'order history' tab, providing transparency and control to the traders.
In terms of industry impact, the successful integration of dLIMIT and dTWAP with Arbidex follows previous integrations with other prominent DEXs, solidifying Orbs' position as a market leader in DeFi innovation. The protocols have been implemented by 8 prominent DEXs across 5 chains, facilitating over 5 million dollars in trading volume, attesting to their industry-wide adoption.
To stay updated and delve deeper into the advanced order types, interested individuals can join the support Telegram channel or explore the dTWAP and dLIMIT webpages. Moreover, the whitepaper and security audit reports (1, 2) offer comprehensive insights into the protocols' design and robustness.
In conclusion, the integration of dLIMIT and dTWAP by Orbs into Arbidex marks a milestone in decentralized finance, redefining trading standards on decentralized exchanges. The seamless incorporation of these protocols empowers traders with advanced tools while maintaining decentralization, contributing to the ongoing evolution of the DeFi landscape.
