- Orbs integration will help DeFi platform SpiritSwap take on centralized platforms.
- Traders will have access to advanced strategies, including bot and algo trading.
SpiritSwap has partnered with Orbs to offer advanced trading orders through their dTWAP protocol.
SpiritSwap, a Layer-3 DeFi trading platform, announced its integration of an advanced trading functionality by Orbs. The Orbs dTWAP functionality will unlock advanced trading strategies for SpiritSwap users.
Moreover, traders on SpiritSwap will now have access to algorithmic and automated trading, bringing the platform to the forefront of DeFi trading.
Orbs provides an unparalleled layer-3 infrastructure for decentralized finance (DeFi) users. Once integrated with SpiritSwap will enable traders to access strategies like dTWAP.
Its dTWAP functionality allows traders to execute the homonymous trading strategy. dTWAP, which stands for decentralized time-weighted average price, is one of the most popular algo trading strategies in centralized finance (CeFi).
This strategy minimizes the impact of large orders in a market by breaking down these orders into smaller portions executed over predetermined intervals.
Through this system on Orbs, SpiritSwap’s users have many additional features at their disposal, including dollar-cost-averaging, extended duration, and automated DCA. Thanks to these features, traders will have unprecedented control when executing trades. This will enable them to find optimal price points and fair fees while retaining decentralization security standards.
DeFi Takes on TradFi
“Today’s decentralized trading infrastructure lacks liquidity, meaning any large order flow can cause significant adverse price impact," said
“To attract more sophisticated institutional investors to the decentralized ecosystem, alleviating these conditions with robust functionalities like TWAP is paramount,” said Nadav Shemesh, CEO at Orbs.
“SpiritSwap’s dTWAP integration will showcase the powerful capabilities of our smart contracts," Shemesh added.
In particular, they will showcase their “ability to enhance liquidity and trade execution needed to support complex strategies,” he added.
Orbs is a public and decentralized blockchain network with a multi-layered blockchain stack. Founded in 2017, Orbs unlocks new functionality for Web3, including DeFi, NFTs, and GameFi.
Powered by a Proof-of-Stake consensus, it operates as a decentralized execution layer between existing Layer-1 and Layer-2 solutions. This enables Orbs to work as a decentralized backend for smart contracts.
On the Flipside
- Despite huge advances, DeFi is still in its infancy. The space is still at higher risk of hacks, security breaches, market manipulation, and scams than tradFi.
Why You Should Care
DeFi traders have been historically limited compared to their CeFi counterparts. This is true regarding the platforms they can use and the strategies available. Added functionality could help boost DeFi adoption in the medium run.