Thena Integrates Orbs’ dLIMIT and dTWAP to Enhance DEX Trading Capabilities

*TEL AVIV, ISRAEL / ACCESSWIRE / June 20, 2023 / *Thena, one of the largest decentralized exchanges on BNB Chain, has announced the integration of the Orbs-powered dLIMIT and dTWAP protocols.

The news means that Thena traders will benefit from access to advanced order types including limit orders, enabling them to secure the price of orders or break up large orders into smaller trades.

From today, Thena traders can start leveraging both essential traditional finance (TradFi) orders without sacrificing decentralization.

Following previous integrations with QuickSwap, SpookySwap, SpiritSwap, and Pangolin, the latest integration cements the decentralized Orbs protocol's status as a DeFi market leader. The technical collaboration between Orbs and Thena was said to have resulted from the smart contract audits and robust developer documentation of both protocols.

While dLIMIT provides traders with access to advanced order types at no extra cost, the benefits of dTWAP include decentralized time-weighted average price orders, allowing for the execution of algorithmic trading strategies. dTWAP also helps traders minimize price impact and gradually acquire various digital assets over a specific time period.

The integration of dLIMIT and dTWAP will expand Thena's current offerings, which include multi-chain swaps, LP locking, and governance.

Orbs' Vice President for Business Development Ran Hammer has praised dLIMIT, saying it offers DEX users "an unprecedented ability to execute limit orders at optimal prices with fair fees." The decentralized limit order solution, which is built atop Orbs' unique Layer 3 infrastructure, has proven extremely popular since launching on June 1.

When conducting a dLIMIT ‘swap' on the Thena exchange, traders are presented with an intuitive user interface and an order history tab to track previous transactions. Prior to executing a dLIMIT order, they must specify the following parameters:

*From*: The token they currently possess

*To*: The token they want to swap for

*Limit price*: Trades are only executed when the available market price is equal to, or better than, the limit price.

Once all fields are populated, traders can approve the specific source token, trigger the order, and monitor it in real-time using the Order History tab.

For a dTWAP order, three additional parameters must be configured including Number of Intervals (determines the number of individual trades, with the user interface automatically calculating the total number of transactions needed to complete the order), Max Duration (defines the maximum time during which the total amount of individual dTWAP order trades may be executed) and Trade Interval (sets the time gap).

Thena's integration of dLIMIT and dTWAP will enhance the trading experience on Thena while highlighting Orbs' cutting-edge layer 3 technology.

*About Orbs*

Orbs is a decentralized public blockchain infrastructure designed for mass usage applications and close integration with EVM-based Layer 1s such as Ethereum. Capable of providing a blend of performance, security, cost, and convenience, Orbs helps Web3 users unlock a broad range of possibilities across the DeFi, NFTs, and GameFi ecosystems.

*Contact*

Ran Hammer
hello@orbs.com

*SOURCE: *Orbs
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