- dTWAP is a fully decentralized, permissionless, and composable DeFi protocol developed by the Orbs project.
- This integration highlights the close technical collaboration between Orbs and QuickSwap
QuickSwap announced that it has integrated the dTWAP protocol powered by Orbs. Now the QuickSwap dragons will have access to this algorithmic trading strategy, enabling traders to reduce the price impact of their orders.
dTWAP is a decentralized, permissionless, and composable DeFi protocol developed by the Orbs project and powered by the Orbs network. Through this integration, QuickSwap traders will now have access to the advanced order type without additional cost. Further, in addition to dTWAP, the dragons will be implementing Orbs’ infrastructure for Limit Swap orders.
According to QuickSwap and Orbs teams, both projects actively contributed to making dTWAP a reality on QuickSwap. They believe the integration highlights the close technical collaboration between Orbs and QuickSwap.
Notably, in the past week, QuickSwap supported a transaction volume of $209.8 million dollars. Currently, QuickSwap’s offerings include multi-chain swaps, limit, order, and ‘best price trades.’ Reportedly, dTWAP will expand the DEX’s current offerings and attract higher volumes from traders looking for ways to reduce price impact.
Additionally, the team explains that when switching to the dTWAP UI, users are presented with a fully customizable dashboard that updates in real time as they make changes to their orders.
Before executing dTWAP, three parameters need to be specified, says the team. The intervals option allows the user to specify the number of individual trades. The maximum duration option helps users decide the maximum time during which the total amount of individual trades making up the full dTWAP order may be executed. The trade interval option sets the time gap between each individual trade. The user can edit this parameter, which also results in corresponding trade size and number changes.