SpiritSwap Incorporates Orbs’ dTWAP To Give Traders More Flexibility
The SpiritSwap DEX AMM will integrate Orbs’ dTWAP module. SpiritSwap users can tap into more advanced order functionality without sacrificing security or decentralization.
Enhancing The Appeal Of DEX Trading
Traditional DEX-AMMs are often limited in order functionality. Users can perform swap and limit orders, but some enthusiasts require more functionality. SpiritSwap acknowledges that concept and will, following a thorough review, integrate dTWAP advanced order trading functionality into its platform.
dTWAP is a solution developed by Orbs, a leading Layer-3 blockchain infrastructure solution. SpiritSwap is the first decentralized exchange and automated market maker to leverage the permissionless and modular dTWAP protocol. The platform gains a competitive edge over other AMM-DEXs by providing advanced trading functionality and improving overall platform liquidity.
Centralized exchanges and CeFi players are familiar with dTWAP. They rely on decentralized time-weighted average price functionality to perform convenient algorithmic trading. It helps minimize the impact of a substantial order on the market. For example, rather than completing the full amount in one order, it will break down into many smaller orders to be executed over an interval.
Many Benefits For SpiritSwap Users
Orbs ensures all orders are executed at optimal prices and via a fair fee structure. It doesn’t compromise security and decentralization and allows SpiritSwap users to optimize their trading strategies. That benefits those engaging in Dollar-cost Averaging, either manually or automatically.
A SpiritSwap spokesperson added:
“Today’s decentralized trading infrastructure lacks liquidity, meaning any large order flow can cause significant adverse price impact. If we want to attract more sophisticated institutional investors to the decentralized ecosystem, alleviating these conditions with robust functionalities like TWAP is paramount. As the first-mover in this race, SpiritSwap’s dTWAP integration will showcase the powerful capabilities of our smart contracts and how they can expressly benefit both the liquidity and trade execution needed to support complex strategies.”
An extra benefit of Orbs’ dTWAP solution is how it enables SpiritSwap users to set preferred parameters for their strategies. That includes duration, interval, limit orders, etc. Orbs’ dTWAP enhances trading flexibility for users and removes the guesswork associated with market conditions and network fees. dTWAP will account for those variables on behalf of the users.
