2024-4-12 21:02 |
PancakeSwap (CAKE) has integrated Time-Weighted Average Price (TWAP) and limit orders into the decentralised exchange (DEX) platform’s ecosystem.
This comes after the multichain DEX partnered with Orbs, a Layer 3 blockchain. It’s a decentralised public protocol executed by validators on the proof-of-stake (PoS) consensus mechanism. Orbs recently unveiled its v4 upgrade as it looked to bolster DeFi, NFTs and Web3.
PancakeSwap introduces dLimit and dTWAP ordersTeaming up with Orbs has allowed PancakeSwap to apply the dLimit and dTWAP protocols, bringing advanced order types to millions of users across the decentralised finance (DeFi) market.
PancakeSwap is initially enabling the limit orders on the BNB Chain before rolling the new features to other chains. The integration will span “all DEX liquidity sources and versions”, including v2 and v3 StableSwap.
TWAP allows for large orders to be broken into smaller trade sizes. Execution is at regular intervals to minimise price impact. It also allows for dollar-cost averaging (DCA) strategies.
Meanwhile, Limit orders allow users to buy or sell at a specified price. This provides users with more control over their trades.
“PancakeSwap 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,” Ran Hammer, Orbs VP of Business noted in a blog post.
Orbs Network and PancakeSwap’s collaboration is the latest development involving the dLimit and dTWAP features. Other platforms to successfully incorporate these are top DEXs QuickSwap, SpookySwap, BaseSwap, Pangolin, Lynex, SpiritSwap and Thena.
PancakeSwap’s automated market maker (AMM) model is built on top chains Ethereum, BNB Chain, Aptos, Polygon zkEVM, and Arbitrum One. The DEX platform also supports Linea, zkSync Era, Base, and opBNB.
The platform has grown into one of the prominent DEX protocols in the market since its launch in 2020 and currently has seen over $700 billion in total trading volume.
The post PancakeSwap enables TWAP and limit orders with Orbs integration appeared first on Invezz
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