Thanks to a new integration with Orbs-based dLIMIT and dTWAP protocols, users of the popular DEX Lynex can enjoy limit and TWAP orders.
Popular Linea-based DEX Lynex has announced the integration of both dLIMIT and dTWAP protocols into its platform. dLIMIT and dTWAP are decentralized, permissionless DeFi protocols based on the Orbs network and both offer a plethora of benefits for Lynex users.
How dLIMIT and dTWAP Benefit Lynex
Thanks to this new integration, traders on Lynex can break orders into smaller bits through TWAP orders and guarantee prices for buyers at no extra cost. dLIMIT and dTWAP granting access to advanced order types have made them very high in demand. This is the 9th integration of the two as they have previously been used by other DEXs such as QuickSwap, Thena, and BaseSwap. This represents use across 6 different chains and $10 million in trading volume.
Lynex already has an impressive track record behind it, having reported transaction volumes of $9.3 million in November 2023 alone. With this new integration, more opportunities and transaction volumes can be secured. This development is also notable because it will give Lynex users access to both limit and TWAP orders.
Limit orders allow investors to only buy tokens if they are being sold at certain prices or better. TWAP orders, on the other hand, break large buy orders into smaller ones and fulfil them at different times to lessen their impact on liquidity pools. Both are highly sought-after features in the DeFi space and they are now accessible to Lynex users, while decentralization is still being preserved.
Ahead of the launch of these new features, Lynex has released a guide for users who want to initiate dLIMIT and dTWAP orders. This includes specifying the tokens they want to swap, the token they wish to receive, and their limit price in the case of a dLIMIT order. If they are completing a dTWAP order, they will need to indicate three additional parameters, including their number of intervals, maximum duration, and trade intervals. All these parameters help users customize their order on Lynex while also considering variables like gas fees and the condition of the market.
This development also has implications for the Orbs network as it is further solidified as a leader in DeFi solutions. Based on a permissionless proof-of-stake protocol, Orbs is staked with TVL valued at over $100 million. Its speciality is the use of layer-3 solutions that expand on the capabilities of EVM smart contracts. It has been touted as one of the most innovative projects in DeFi because of its layer-3 capabilities.
Orbs has been in the market since 2017 and has been heralded as a cutting-edge blockchain solution and shows no signs of stopping. Following this integration with Lynex, we can expect more DEXs to follow and perhaps even more innovations in 2024.