dTWAP (Decentralized Time Weighted Average Price) protocol will power advanced order functionalities for SpiritSwap users without compromising decentralization and security
TEL AVIV, ISRAEL / ACCESSWIRE / December 22, 2022 / Following a comprehensive review and due-diligence process by the SpiritSwap team, layer-3 blockchain infrastructure solution Orbs’ dTWAP advanced trading order functionality is being integrated into the SpiritSwap decentralized finance (DeFi) platform.
Most DEX-AMMs currently support two basic order functionalities: swap and limit orders. Following this integration, SpiritSwap will become the first decentralized exchange (DEX) and automated market maker (AMM) to leverage Orbs’ fully decentralized, permissionless, and composable dTWAP protocol to support advanced trading orders.
The integration, designed to improve liquidity on the platform, will ensure SpiritSwap users can execute sophisticated trading strategies not currently supported by other DeFi platforms, including algorithmic and automated strategies.
dTWAP, which stands for decentralized time-weighted average price, is among the most frequently used algorithmic trading strategies across the centralized finance (CeFi) space. It is applied to minimize any large order’s overall footprint in a market by breaking down the original order into multiple smaller orders, each executed at predetermined intervals over a specified period.
Orbs’ layer-3 infrastructure ensures that order execution occurs at an optimal price and fair fees without compromising decentralization and security. With Orbs’ dTWAP, SpiritSwap’s users can optimize their trading strategies to access features including Dollar-cost Averaging (DCA), entering market orders with longer intervals and extended durations, and engaging automated DCA without any additional input.
Additionally, Orbs’ dTWAP offers an intuitive and easy-to-use interface for SpiritSwap users to set their preferred parameters, including duration, size, interval, market orders, and limit orders from a single screen. Together these features deliver improved flexibility for users while accounting for variables such as market conditions like volatility and gas fees.
“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,” notes [name] [position]. “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.”
Founded in 2017, Orbs is a public, open, decentralized blockchain infrastructure powered by a network of permissionless validators using Proof-of-Stake (PoS) consensus. Using a multi-layered blockchain stack, Orbs acts as a separate decentralized execution layer operating between existing layer-1 and layer-2 solutions and the application layer. This approach opens up a new horizon of capabilities for Web3 segments, including DeFi, NFTs, and GameFi, as it delivers a decentralized backend for smart contracts.
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