in 2 days
Ring Protocol, a multi-chain decentralized exchange offering cross-EVM swaps with superior execution, has integrated the dLIMIT & dTWAP protocol powered by Orbs!
As a result, Ring Protocol traders will now have access to both advanced order types across Base, Arbitrum, Ethereum, and BNB Chain — enabling traders to guarantee the price of their order or break up large orders into smaller trades. This development follows successful integrations with other prominent DEXs, including PancakeSwap, SushiSwap, QuickSwap, 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 is a fully decentralized, permissionless, and composable DeFi protocol developed by the Orbs project and powered by the Orbs network. Ring Protocol traders will now have access to the advanced order types at no extra cost. Furthermore, in addition to dLIMIT, Ring Protocol will also integrate decentralized time-weighted average price orders (dTWAP) by Orbs, enabling execution of this commonly used algorithmic trading strategy.
Orbs is a decentralized protocol executed by a public network of permissionless validators using PoS, staked with tens of millions of dollars in TVL. The protocol optimizes on-chain trading with L3 use cases that include aggregated liquidity, advanced trading orders, and decentralized derivatives, enabling a DeFi trading experience as efficient as CeFi.
Ring Protocol is a comprehensive DeFi platform powered by Few Protocol (Financial Elastic Wrapping), an innovative asset layer that wraps tokens before they interact with AMMs, unlocking virtual liquidity and advanced features beyond standard DEX architectures. With Ring Swap as its core AMM and integration with tier-1 DEX aggregators, Ring Protocol has facilitated over $5 billion in cumulative trading volume and currently holds $30M+ in TVL across its supported chains. dLIMIT & dTWAP will expand the DEX's current offerings, 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.
Ring Protocol's traders can now utilize both of these key traditional finance orders without sacrificing on decentralization.
When switching to a dLIMIT 'swap' on Ring Protocol, 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:
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:
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.
The dLIMIT & dTWAP protocol, powered by Orbs L3 technology, has become the industry standard for decentralized algorithmic orders in DeFi. The 'powered by Orbs' branding has become a staple of confidence when executing advanced orders on decentralized venues.
To date, the protocol has been implemented by 38 prominent DEXs spanning 26 chains, facilitating hundreds of millions of dollars of trading volume.
Ring Protocol is a multi-chain decentralized exchange built around Few Protocol, a novel asset-wrapping layer that enables virtual liquidity and advanced trading features on top of standard AMM infrastructure. Deployed across Ethereum, X Layer, MegaETH, HyperEVM, Unichain, Arbitrum, Base, and BNB Chain, Ring Protocol delivers optimized execution and deep liquidity through its native Ring Swap AMM and routing through tier-1 DEX aggregators.
Learn more: @ProtocolRing | ring.exchange
Orbs is a decentralized Layer-3 (L3) blockchain designed specifically for advanced on-chain trading.
Utilizing a Proof-of-Stake consensus, Orbs acts as a supplementary execution layer, facilitating complex logic and scripts beyond the native functionalities of smart contracts. Orbs-powered protocols, including dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub, push the boundaries of DeFi by introducing CeFi-level execution to on-chain trading.
With a global team of over thirty dedicated contributors based in Tel Aviv, London, New York, Tokyo, Seoul, Lisbon, and Limassol, Orbs continues to innovate at the forefront of blockchain technology.
For more information, visit www.orbs.com or join our community:
Telegram: https://t.me/OrbsNetwork
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