QuickSwap, Polygon’s largest native DEX, has integrated the powerful dTWAP protocol from Orbs. This strategic move allows QuickSwap users, known as dragons, to leverage algorithmic trading strategies and mitigate price impact on their orders. The integration with dTWAP follows successful partnerships with SpookySwap, Spirit, and Pangolin, cementing Orbs’ position as a market leader in DeFi innovation.
dTWAP, a fully decentralized, permissionless, and composable DeFi protocol developed by Orbs, is now accessible to QuickSwap traders at no additional cost. In addition to dTWAP, the dragons will soon benefit from Orbs’ infrastructure for executing Limit Swap orders, further enhancing their trading capabilities.
Unlocking Advanced Trading Techniques with dTWAP
The successful integration of dTWAP on QuickSwap showcases the strong technical partnership between Orbs and QuickSwap. Both projects actively contributed to the implementation of dTWAP, benefiting from thorough smart contract audits (1,2) and comprehensive developer documentation.
Orbs operates as a decentralized protocol powered by a public network of permissionless validators utilizing Proof of Stake (PoS) consensus. With a Total Value Locked (TVL) exceeding a hundred million dollars, Orbs pioneers the concept of L3 infrastructure. By leveraging the Orbs decentralized network, existing EVM smart contracts are enhanced, unlocking new possibilities across Web 3.0, DeFi, NFTs, and GameFi.
QuickSwap has experienced significant success in the past week, with a transaction volume reaching an impressive $209.8 million at the time of writing. Known for its diverse range of offerings, including multi-chain swaps, limit orders, and ‘best price trades,’ QuickSwap is now set to further enhance its capabilities with the integration of dTWAP. This strategic move aims to attract higher trading volumes from users seeking efficient methods to reduce price impact during their transactions.
The TWAP algorithmic trading strategy, widely employed in centralized finance (CeFi), has found its way into the realm of decentralized trading. This innovative approach enables dragon traders to efficiently manage large orders by breaking them down into smaller, gradual executions over time. By adopting this strategy, traders can minimize market impact without compromising decentralization, allowing for smoother and more controlled asset acquisitions.
A Simplified Way to Set Up a dTWAP Order
Users can experience the flexibility of the dTWAP UI, where they are greeted with a dynamic and customizable dashboard that reflects real-time updates as they fine-tune their orders. Prior to executing dTWAP, users can effortlessly define three key parameters, enabling precise control over their trading strategies. This includes:
- Number of Intervals: Customize the number of individual trades for your order. The UI automatically calculates the total transactions required and estimates the trading interval.
- Max Duration: Set the maximum execution time for the complete dTWAP order, allowing control over the time span for executing individual trades.
- Trade Interval: Define the time gap between each trade; adjusting this parameter will dynamically update trade size and number, providing flexibility in executing your order.
The customization options available for each order are extensive, allowing users to tailor them to their preferences based on factors such as market conditions and prevailing gas fees. Furthermore, the user interface supports both dTWAP-market and dTWAP-limit orders. After configuring the desired parameters, users can proceed to approve the selected source token, place the order, and review the specified configuration.
Offering an Industry-Leading DeFi Innovation
Leveraging the cutting-edge Orbs network L3 technology, the dTWAP protocol has solidified its position as the prevailing standard for decentralized algorithmic orders in the DeFi realm. Having successfully integrated with 4 decentralized exchanges (DEXs) spanning 3 different blockchain networks, the protocol has already facilitated a remarkable trading volume exceeding $200 million in the past seven days.
As the protocol continues to expand its support for additional DEXs, its usage is projected to experience substantial growth. The platform has requested users to stay tuned for forthcoming updates on the ongoing collaboration between Orbs and Quickswap, as exciting developments are expected in the upcoming weeks.
The Orbs Network represents an open and decentralized public blockchain infrastructure operated by a secure network of permissionless validators utilizing the Proof-of-Stake (PoS) consensus mechanism. Positioned as a distinct decentralized execution layer within the blockchain stack, Orbs operates between existing L1/L2 solutions and the application layer, without necessitating the transfer of liquidity to a new chain.
Serving as a “decentralized backend,” Orbs enhances the functionality of prevailing smart contracts and introduces a multitude of possibilities for Web 3.0, DeFi, NFTs, and GameFi. Established in 2017, Orbs launched its mainnet and token in March 2019. The development of Orbs is undertaken by a dedicated team of over 30 individuals, with offices located in Tel Aviv, London, New York, Tokyo, and Seoul.
