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SpookySwap Integrates Orbs’ dLIMIT and TWAP Protocols on Sonic
The dLIMIT and TWAP protocols from blockchain infrastructure provider Orbs have been integrated into SpookySwap on Sonic. This makes it possible for DeFi traders on Sonic’s L1 to use the popular decentralized exchange SpookySwap to access sophisticated order types.
SpookySwap’s integration of Orbs’ flagship trading protocols enables traders to place complex orders inside an intuitive user interface. Trades may be divided into numerous orders using dLIMIT and TWAP, which are seamlessly integrated into SpookySwap’s current user flow to provide a CEX-style trading experience.
SpookySwap users may set limit orders using dLIMIT to purchase and sell tokens at certain prices. By enabling traders to take a position at a favorable price, this maximizes pricing. TWAP (Time-Weighted Average Price) by Orbs, a well-liked trading technique that is associated with CEX trading, has been integrated with SpookySwap.
With TWAP by Orbs, traders may more easily accumulate a sizable position in a particular asset without being hampered by slippage or volatility in the liquidity pool. TWAP divides the order into manageable chunks that may be carried out gradually rather than forcing traders to complete a big transaction in a single swap. Additionally, this lowers the chance of purchasing at the highest price point by guaranteeing a more favorable average entrance price.
With over $30M in 30-day volume, SpookySwap has emerged as a competitive Sonic DEX. Swaps, staking, earning, and a token launchpad are all supported via its V3 protocol, which is deployed on Sonic’s fast Layer 1. The services that SpookySwap users may use will be significantly expanded with the integration of dLIMIT and TWAP.
The industry standard for providing algorithmic orders across the DeFi ecosystem is now dLIMIT and TWAP. 15 prominent DEXs across nine chains have adopted Orbs protocols, together with Liquidity Hub for pooled liquidity and Perpetual Hub for decentralized onchain perpetual futures.