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QuickSwap integrates dTWAP for DEXs powered by Orbs
- QuickSwap has announced that it has integrated the dTWAP protocol backed by Orbs.
- dTWAP is a fully decentralized, permissionless and configurable DeFi protocol developed by the Orbs Project.
- This integration highlights the close technical collaboration between Orbs and QuickSwap
QuickSwap has announced that it has integrated the dTWAP protocol backed by Orbs. Now the QuickSwap dragons will have access to this algorithmic trading strategy, enabling traders to minimize the price impact of their orders.
The QuickSwap community voted yes to enable dTWAP and dLIMIT. Stay tuned for updates when features are officially released! https://t.co/H1JTWHvyXB
– Orbs (@orbs_network) May 13, 2023
dTWAP is a decentralized, permissionless and configurable DeFi protocol developed by the Orbs Project and powered by the Orbs Network. With this integration, QuickSwap merchants will now have access to advanced order type at no additional cost. Furthermore, in addition to dTWAP, dragons will implement the orbs infrastructure for limited swap commands.
According to the QuickSwap and Orbs teams, both projects have actively contributed to making dTWAP a reality on QuickSwap. They believe the integration highlights the close technical collaboration between Orbs and QuickSwap.
Notably, last week QuickSwap supported a transaction volume of $209.8 million. Currently, QuickSwap’s offerings include multi-chain swaps, limit, ask, and “best price” swaps. Reportedly, dTWAP will expand existing offerings of DEX and attract higher volumes of traders looking for ways to reduce price impact.
Additionally, the team explains that when switching to the dTWAP user interface, users are presented with a fully customizable dashboard that updates in real time as they make changes to their requests.
Before executing dTWAP, three parameters must be specified, the team says. The time slots option allows the user to set the number of individual trades. The Maximum Duration option helps users set the maximum time during which the total amount of individual trades that make up a full dTWAP request can be executed. The Trade Lapse option determines the time gap between each individual trade. The user can edit this parameter, which also changes the size of the trade and its corresponding number.
The post QuickSwap Integrates dTWAP for DEXs Powered by Orbs first appeared in Coin Edition.
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