QuickSwap, the largest native DEX on Polygon, has integrated the dTWAP protocol powered by Orbs. As a result, the QuickSwap dragons will now have access to this algorithmic trading strategy, enabling traders to reduce the price impact of their orders. This comes after integrations with SpookySwap, Spirit, and Pangolin, growing the number of integrated DEXs as dTWAP establishes Orbs as a market leader in DeFi innovation.
dTWAP is a fully decentralized, permissionless, and composable DeFi protocol developed by the Orbs project and powered by the Orbs network. QuickSwap traders will now have access to the advanced order type without any additional cost. Further, in addition to dTWAP, the dragons will be implementing Orbs’ infrastructure for Limit Swap orders.
The integration highlights the close technical collaboration between Orbs and QuickSwap. Both projects actively contributed to making dTWAP a reality on QuickSwap. This was possible due to the smart contract audits (1,2) and the robust developer documentation of dTWAP.
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.
In the past week, QuickSwap has supported a transaction volume of $209.8 million dollars at the time of writing. QuickSwap’s offerings include multi-chain swaps, limit, order, and ‘best price trades.’ dTWAP will expand the DEX’s current offerings and attract higher volumes from traders looking for ways to reduce price impact.
TWAP is an algorithmic trading strategy commonly utilized in CeFi that aims to reduce the impact of large orders on the market by breaking them down into smaller portions over time. By executing smaller orders, this approach lessens the price impact and enables traders to gradually acquire various assets over a specific period. Dragon traders can now utilize these key features without sacrificing decentralization.
When switching to the dTWAP UI, users are presented with a fully customizable dashboard that updates in real-time as they make changes to their orders.
Before executing dTWAP, three parameters need to be specified:
These parameters provide significant flexibility in customizing each order, taking into account factors like market conditions and current gas fees. Additionally, the UI facilitates both dTWAP-market and dTWAP-limit orders. Once these parameters are set, the user can approve the specific source token, place the order, and review their specified configuration.
Powered by the Orbs network L3 technology, the dTWAP protocol has established itself as the standard in the DeFi space for decentralized algorithmic orders. With integrations on 4 DEXs across 3 different chains, which together have facilitated a $200M+ trading volume in the past seven days, the protocol usage is expected to grow substantially as it expands support for additional DEXs. In the coming weeks, expect more updates on further collaboration between Orbs and Quickswap.
For more information regarding the dTWAP protocol, join the dTWAP support Telegram channel.
The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs is set up as 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 offices in Tel Aviv, London, New York, Tokyo and Seoul.
For more information, please visit www.orbs.com, or join our community at: