The Open DeFi Notifications Protocol has integrated Orbs’ newest layer-3 use case, dTWAP (decentralized time-weighted average price). dTWAP is a fully-functioning TWAP order type that is completely decentralized and made for DEXs.
Traders using dTWAP can now be notified in real time when a dTWAP order has been completed.
The Open DeFi Notification Protocol by defi.org is a community led initiative to provide users with decentralized and free mobile notifications for on-chain events.
Recently, Orbs unveiled its newest Layer-3 use case, dTWAP, allowing DEX traders to execute fully decentralized TWAP order types. This protocol was recently integrated with Spiritswap and has been fully functional since.
dTWAP is an algorithmic trading order that divides a trading order into a number of smaller trades and executes these trades at regular intervals over a specified period of time. It enables DEX users to execute more sophisticated trading orders such as price impact reduction and DCA (dollar cost averaging).
Using the Open DeFi Notification Protocol, Orb dTWAP traders can set up either an “Order complete” notification or an “all events notification”. This will issue an alert when dTWAP orders have been filled, or if selecting the latter, a notification will be issued on any events that happen during the order. In this way, users have 24/7 monitoring of the status of their positions and can take the necessary actions to manage them as needed.
The Open DeFi Notification Protocol is an open initiative to provide users with decentralized and free mobile notifications for on-chain events.
The addition of dTWAP adds to the impressive lineup of leading DeFi projects that have already been integrated into the Open DeFi Notification app for the benefit of their users, including, among others: Aave, Uniswap, StakeDAO, Harvest Finance, Frax Finance and more…
All in all, the app supports over 20 protocols across 5 networks: Ethereum, BSC, Polygon, Fantom and Avalanche!
The Protocol has been implemented fully by the Orbs network and will be executed by the Orbs Guardians, making this the 1st fully decentralized implementation of a notification protocol.
Become involved and contribute: https://github.com/open-defi-notification-protocol
Learn more about the Open DeFi Notification Protocol here.
The Open DeFi Notification Protocol is a beta version that is still under active development, and all underlying digital assets, blockchain networks and DeFi platforms are also subject to ongoing development, and as such, the protocol or the underlying platforms:
(a) may contain bugs, errors and defects,
(b) may function improperly or be subject to periods of downtime and unavailability,
(c) may result in total or partial loss or corruption of data or a delay or a failure to send or receive expected notifications.