The post Orbs’ dLIMIT and DCA protocols now integrated into SushiSwap appeared on BitcoinEthereumNews.com.

Orbs has revealed that its dLIMIT and DCA protocols have been integrated into leading multi-chain DEX, Sushi This new integration will enable users to access advanced order types, including the ability to spread out their orders over time, regardless of the current price. The layer 3 blockchain, Orbs, has announced that its dLIMIT and DCA protocols have been integrated into SushiSwap, a leading multi-chain DEX. The introduction of these new protocols will allow Sushi users to access advanced order types, including the ability to spread out their orders over time, regardless of the current price. This method is ideal for minimizing risk by avoiding the pitfalls of market timing. dLIMIT operates as a decentralized protocol that allows traders to place limit orders on-chain. Limit orders allow you to set a specific price at which you want to buy or sell a token. Your order will only execute if the market meets your desired price, or you can easily choose options, such as +1%, +5%, or +10% above your target. Additionally, you can set an expiry date for your order, giving you full control. When selecting a Limit swap on Sushi, users are presented with an easy-to-follow user interface alongside an order history tab to keep track of previous and current open orders. Trades are only executed when the available market price is equal to or better than the Limit price. dLIMIT takes into account current market conditions, prices, and gas fees. In addition, Sushi has integrated DCA by Orbs, enabling the execution of this popular algorithmic trading strategy that utilizes time-weighted average price orders. When placing a DCA order on Sushi, the user specifies both the frequency of the trades and the desired number of individual trades. The introduction of Limit and DCA orders empowers Sushi users to set highly…

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Filed under: News - @ August 20, 2024 3:23 pm