Because of a brand new integration with Orbs-based dLIMIT and dTWAP protocols, customers of the favored DEX Lynex can get pleasure from restrict and TWAP orders.
Standard Linea-based DEX Lynex has introduced the combination of each dLIMIT and dTWAP protocols into its platform. dLIMIT and dTWAP are decentralized, permissionless DeFi protocols primarily based on the Orbs community and each provide a plethora of advantages to Lynex customers.
How dLIMIT and dTWAP profit Lynex
This new integration permits retailers on Lynex to separate orders into smaller items by way of TWAP orders and assure costs for consumers at no further price. dLIMIT and dTWAP, which give entry to superior order sorts, have ensured that they’re in excessive demand. That is the ninth integration of the 2, as they’ve beforehand been utilized by different DEXs similar to QuickSwap, Thena and BaseSwap. This represents utilization throughout six completely different chains and a buying and selling quantity of $10 million.
Lynex already has a powerful monitor report, with transaction volumes of $9.3 million in November 2023 alone. With this new integration, extra alternatives and transaction volumes might be secured. This improvement can also be notable as a result of it offers Lynex customers entry to each restrict and TWAP orders.
Restrict orders solely permit buyers to purchase tokens in the event that they promote at a sure worth or higher. TWAP orders, however, cut up massive purchase orders into smaller ones and fulfill them at completely different instances to cut back their influence on liquidity swimming pools. Each are extremely wanted options within the DeFi area and at the moment are accessible to Lynex customers whereas nonetheless sustaining decentralization.
Forward of the launch of those new options, Lynex has launched a information for customers wishing to provoke dLIMIT and dTWAP orders. This consists of specifying the tokens they need to change, the token they need to obtain, and their restrict worth within the case of a dLIMIT order. When finishing a dTWAP order, they have to specify three further parameters, together with the variety of intervals, the utmost period, and the buying and selling intervals. All these parameters assist customers customise their order on Lynex, whereas additionally bearing in mind variables similar to gasoline prices and the state of the market.
This improvement additionally impacts the Orbs community as it’s additional strengthened as a frontrunner in DeFi options. Based mostly on a permissionless proof-of-stake protocol, Orbs is deployed at TVL price over $100 million. Its specialty is the usage of layer 3 options that stretch the capabilities of EVM sensible contracts. It’s touted as probably the most revolutionary initiatives in DeFi because of its layer-3 capabilities.
Orbs has been in the marketplace since 2017 and is billed as a sophisticated blockchain answer and exhibits no indicators of stopping. After this integration with Lynex, we are able to count on extra DEXs to comply with in 2024 and maybe even extra improvements.