- Pangolin DEX has become the first Avalanche-based platform to support Orbs dTWAP after announcing the official launch of its command type.
- Orbs’ dTWAP will help Pangolin users design new trading tactics and reap the rewards of significantly reduced price impact, while leveraging other benefits.
Following efforts to improve trading efficiency, Multichain Decentralized Digital Assets Exchange Pangolin officially incorporated the dTWAP command type from Orbs. announced on Twitterthis decision illustrates the close partnership between Orbs and Pangolin.
Apparently, Pangolin DEX became the first Avalanche-based protocol to integrate Orbs’ dTWAP. Orbs’ dTWAP command type is a fully decentralized, permissionless, and composable protocol that is designed to open up a new realm of possibilities for Web 3.0 segments including DeFi, NFT, and GameFi.
Arguably, the dTWAP potential of Orbs should complement Pangolin’s ability to support the market and limit swaps. In response to Pangolin’s efficiency in the trading market, the protocol is worth over $34 million in total value locked, while approximately half of that is realized in weekly trading volume.
Thanks to the integration, the Pangolin DEX menu now allows users to access the new type of command. Therefore, to access the new order type, users can access the Pangolin DEX menu and locate it next to the “Market” and “Limit” order options. They also have the privilege to switch between the available options.
Additionally, users have the option to customize various settings including setting the total time required to execute fragmented orders of a large trade, specifying the size of the trade, which prompts the user interface to calculate the required number of trades and the determination of the trading interval between individual orders.
The new development will provide Pangolin users with the ability to exclusively use the dTWAP command type. Additionally, the protocol’s decision to integrate Orbs’ dTWAP will allow traders to gain an edge in devising new trading tactics and reap the rewards of significantly reduced price impact.
In addition, like traditional financial TWAP, dTWAP aims to limit the market impact of large orders. This is achieved by dividing large orders into smaller chunks, which reduces the impact on prices, regardless of overall liquidity. Additionally, Orbs’ dTWAP order type allows traders to adopt a dollar cost averaging strategy while investing in supported cryptocurrencies.
Orbs has unveiled its intention to establish itself as a go-to benchmark for the decentralized exchange industry as its dTWAP integration spreads to more exchanges. There is no doubt that more sophisticated decentralized applications can be created, independent of fragmented liquidity with features such as dTWAP. According to the announcement, other decentralized exchanges like QuickSwap and SpookySwap have unveiled plans to integrate dTWAP command in the future.