- Orbs announced that its dLIMIT and DCA protocols have been integrated into Sushi, a leading multi-chain DEX.
- This new integration gives users access to advanced order types, including the ability to spread orders over time, regardless of the current price.
Orbs, a Layer 3 blockchain, announced that its dLIMIT and DCA protocols have been integrated into SushiSwap, a leading multi-chain DEX.
With the introduction of this new protocol, Sushi users will have access to advanced order types, including the ability to spread orders over time regardless of the current price. This method is ideal for minimizing risk by avoiding the pitfalls of market timing.
dLIMIT works as a decentralized protocol that allows traders to place limit orders on-chain. With a limit order, you can set a specific price at which you want to buy or sell a token. The order will only be executed if the market meets your desired price, or you can choose options as simple as +1%, +5%, or +10% above your target. You can also set an expiration date for your order, giving you complete control.
When choosing a Limit Swap on Sushi, users are presented with an easy-to-follow user interface with an order history tab that allows them to track past and current pending orders. Trades are only executed when the available market price is equal to or higher than the Limit price. dLIMIT takes into account current market conditions, prices, and gas fees.
Sushi has also integrated Orbs’ DCA to enable execution of this popular algorithmic trading strategy that utilizes time-weighted average price orders. When placing a DCA order on Sushi, users specify both the trading frequency and the number of individual trades they wish to make.
With the introduction of Limit and DCA orders, Sushi users can set highly customized swaps. Users can implement DCA (dollar cost averaging) to gradually build up positions in the desired token. They can also set Limit orders, which will only execute individual trades when they are within a defined price limit.
Sushi’s dLIMIT and DCA integration follows similar deployments on EVM DEXs including PancakeSwap, QuickSwap, and Thena. The growing adoption of these technologies across the multi-chain DEX landscape strengthens Orbs’ position as a market leader in DeFi innovation and showcases layer 3 technologies that bring CeFi-grade execution to DeFi.
SushiSwap’s native token, $SUSHI, saw a slight uptick following Orbs’ announcement, up around 4%.