Decentralised exchange SushiSwap now supports Layer-3 protocols on Orbs, enabling new order types like spaced-out orders.
Layer-3 Orbs’ dLIMIT and DCA decentralised protocols have been included in the SushiSwap platform, a decentralised exchange and automated market maker, providing users with additional trade management features.
SushiSwap traders may now make limit orders directly on a blockchain network, defining particular buy or sell prices with trades executing only when market conditions fit those requirements, according to a press release from Orbs dated August 20.
According to the press release, the functionality also lets users customise order execution and keep track of trades via an order history page. Orbs:
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.”
Orbs brings new DeFi features to SushiSwap
SushiSwap now supports Orbs’ DCA protocol in addition to dLIMIT, enabling traders to execute “time-weighted average price orders.”
Orbs claims that this function allows users to customise the frequency and quantity of trades, allowing them to “gradually build a position in a desired token.”
Orbs is a proof-of-stake consensus mechanism that acts as an intermediary layer to improve the functionality of Decentralised Finance (DeFi). By selling its native tokens to DWF Labs in 2023, Orbs raised $10 million.
Since then, it has been extending its services over a number of blockchain networks, such as Ethereum, Polygon, and the Open Network.
In an effort to increase user liquidity and capital efficiency, the project launched Fenix Finance, its liquidity centre, on the Blast-based decentralised exchange protocol in July.
The announcement of integration caused the price of the ORBS token to rise to $0.025—a gain of more than 5%.
