Thena, a prominent decentralized exchange (DEX) on the BNB Chain, has made a significant announcement regarding the integration of Orbs’ dLIMIT and dTWAP protocols. This integration will enhance the trading capabilities of Thena, providing its users with access to advanced order types and additional functionalities.
The integration of Orbs’ dLIMIT and dTWAP protocols into Thena’s platform offers traders the ability to utilize limit orders, enabling them to secure the price of their orders or divide large orders into smaller trades. This development allows Thena traders to leverage essential traditional finance (TradFi) orders without compromising the decentralized nature of the exchange.
Next-Level Trading Experience with Great Potential
Thena’s integration of dLIMIT and dTWAP protocols builds upon its previous successful collaborations with various DeFi market leaders, including QuickSwap, SpookySwap, SpiritSwap, and Pangolin. The decision to integrate with the Orbs protocol solidifies its position as a prominent player in the DeFi ecosystem. The collaboration between Orbs and Thena was fostered through comprehensive smart contract audits and robust developer documentation, ensuring a seamless integration process.
The dLIMIT protocol empowers traders on Thena with advanced order types at no additional cost. It provides them with an unprecedented ability to execute limit orders at optimal prices, accompanied by fair fees. This solution is built on top of Orbs’ unique Layer 3 infrastructure, and since its launch on June 1, it has gained significant popularity among DEX users.
In addition to dLIMIT, the integration also introduces dTWAP, which enables the execution of algorithmic trading strategies. Traders can leverage decentralized time-weighted average price orders to minimize price impact and gradually acquire various digital assets over a specific time period. The inclusion of dLIMIT and dTWAP further expands Thena’s current offerings, which include multi-chain swaps, LP locking, and governance features.
Ran Hammer, the Vice President for Business Development at Orbs, praised dLIMIT for its ability to provide DEX users with exceptional execution of limit orders at optimal prices and fair fees. The integration of dLIMIT and dTWAP protocols into Thena’s exchange will enhance the trading experience for its users while showcasing Orbs’ cutting-edge Layer 3 technology.
Empowering Traders with Advanced Trading Tools
To execute a dLIMIT order on the Thena exchange, traders are presented with an intuitive user interface and an order history tab to track their previous transactions. Traders need to specify the token they currently possess, the token they want to swap for, and the limit price. Trades are executed only when the available market price is equal to or better than the specified limit price. Once all the required fields are populated, traders can approve the specific source token, trigger the order, and monitor its progress in real-time using the Order History tab.
For a dTWAP order, three additional parameters must be configured: Number of Intervals, Max Duration, and Trade Interval. The Number of Intervals determines the number of individual trades required to complete the order, with the user interface automatically calculating the total number of transactions. The Max Duration defines the maximum time during which the order can be executed, and the Trade Interval sets the time gap between individual trades. These parameters allow traders to customize their dTWAP orders according to their specific requirements.
Thena’s integration of Orbs’ dLIMIT and dTWAP protocols is expected to significantly enhance the trading experience on the platform. It highlights the continuous efforts of both Thena and Orbs to provide cutting-edge solutions and advanced functionalities to the decentralized finance market.
Orbs is a decentralized public blockchain infrastructure designed to facilitate mass usage applications and seamless integration with EVM-based Layer 1 networks, such as Ethereum. Offering a blend of performance, security, cost-efficiency, and convenience, Orbs unlocks a wide range of possibilities across the DeFi, NFTs, and GameFi ecosystems for Web3 users.
