Orbs' dLIMIT & dTWAP Protocol Integrate With Chronos DEX Platform

Mon, 17 Jul 2023 18:00:00 +0000
Press Releases

*TEL AVIV, ISRAEL / ACCESSWIRE / July 17, 2023 /* Orbs, the Layer-3 infrastructure network for decentralized applications, has announced the integration of its revolutionary dLIMIT and dTWAP protocol on Chronos, one of the largest decentralized exchange platforms on Arbitrum.

The integration means Chronos DEX traders can now access advanced order types, guaranteeing the price of their trades and breaking up larger orders into smaller, bite-sized transactions. Chronos joins a growing club of prominent DEXs to integrate Orbs' dLMIT and dTWAP protocols, including QuickSwap, SpookySwap and Thena. With each new integration of dLIMIT and dTWAP, it further solidifies Orbs' status as the market leader in DeFi innovation, showcasing the ability of its novel Layer-3 technology to push the boundaries of smart contract capabilities.

Orbs' dLIMIT is a fully decentralized, permissionless and composable DeFi protocol developed and powered by the Orbs network. It enables DEXs to offer Limit orders where traders can buy or sell tokens at a specific price or better. While the specified price is guaranteed, the execution of the order is not, and will only occur if the price of the underlying asset moves in the right direction within the specified time. The Limit order is executed as soon as the market price meets the order's specifications.

As for dTWAP, this enables decentralized, time-weighted orders. TWAP orders are an algorithmic trading strategy that aims to lessen the impact of larger orders on the market by breaking them down into smaller segments that are executed over a specified time period. By executing trades as smaller orders, it reduces the price impact and enables traders to gradually acquire assets over a longer duration at the most optimal price. This is a particularly useful order type in DeFi, where liquidity pools often need time to rebalance after large orders are executed.

Traders on Chronos DEX can now utilize both order types, which are a staple of traditional finance, without sacrificing on decentralization. Chronos is one of the DeFi industry's most widely used DEX platforms on Arbitrum, supporting a transaction volume of 10 million over the last week.

Orbs is a decentralized protocol executed by a public network of permissionless validators using a proof-of-stake consensus mechanism. It boasts over a hundred million dollars in staked total value locked. Orbs is pioneering the concept of L3 infrastructure, utilizing its decentralized network to enhance the capabilities of EVM smart contracts and open the doors to a new spectrum of possibilities in DeFi, GameFi, NFTs and Web3.

Orbs' dLIMIT and dTWAP protocols are fast becoming the industry standard for decentralized, algorithmic orders in DeFi. The Orbs' branding has become instantly recognizable among DeFi traders, providing a high degree of confidence for users to execute advanced orders on DEX venues.

The dLIMIT and dTWAP protocols have now been implemented by six DEXs spanning four blockchains, and have facilitated millions of dollars' worth of transactions. The diverse range of DEXs partnering with Orbs are major players in the DeFi space, boasting a combined TVL of more than $300 million.

*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

*Contact*

Ran Hammer
hello@orbs.com

*SOURCE:* Orbs

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