QuickSwap Integrates dTWAP for Decentralized Exchanges Powered by Orbs

The leading native DEX on Polygon, QuickSwap, has adopted the dTWAP protocol, which is powered by Orbs. As a result, QuickSwap users will now have access to this algorithmic trading method, enabling them to mitigate the price impact of their orders. This integration follows previous collaborations with SpookySwap, Spirit, and Pangolin, which have expanded the number of integrated DEXs and reinforced Orbs’ status as a frontrunner in DeFi innovation through dTWAP.

The Orbs project has created the fully decentralized, permissionless, and composable DeFi protocol known as dTWAP, supported by the Orbs network. QuickSwap traders can now utilize this advanced order type without incurring additional fees. Furthermore, the users will implement Orbs’ infrastructure for Limit Swap orders, in addition to dTWAP.

This integration highlights the technical collaboration between Orbs and QuickSwap. Both projects played crucial roles in the deployment of dTWAP on QuickSwap, made possible by the comprehensive developer documentation of dTWAP and the smart contract audits (1,2).

Orbs operates as a decentralized protocol utilizing PoS and is managed by a public network of permissionless validators, with a total value locked (TVL) exceeding $100 million. By leveraging the Orbs decentralized network to enhance the functionalities of existing EVM smart contracts, Orbs introduces the concept of L3 infrastructure, unlocking a new array of opportunities for Web 3.0, DeFi, NFTs, and GameFi.

dTWAP Lets You Trade Like an Expert

At the time of this writing, QuickSwap has facilitated $209.8 million in transactions over the past week. QuickSwap offers multi-chain swaps, limit orders, and “best price trades.” The addition of dTWAP will enhance the DEX’s current offerings and attract more traders looking for ways to reduce price impact.

The TWAP algorithmic trading method, commonly utilized in CeFi, aims to minimize the market influence of large orders by breaking them into smaller ones over time. This approach reduces price impact by executing smaller trades and allows traders to gradually acquire various assets over a specified duration. These essential features are now available to QuickSwap users without compromising decentralization.

Creating a dTWAP order

Upon accessing the dTWAP UI, users are presented with a fully customizable dashboard that updates in real-time as they adjust their orders.

Before executing dTWAP, three settings need to be configured:

• Number of intervals: Users can specify how many transactions will occur at each interval. The UI automatically calculates the expected trading duration and the total number of transactions required to complete the order.
• Max Duration: This defines the maximum timeframe within which the entire dTWAP order’s series of individual trades can be executed.
• Trade Interval: This setting determines the time between each transaction. Users can modify this parameter, which affects the size and number of trades.

These settings provide significant flexibility when customizing each order, allowing for adjustments based on market conditions and current gas fees. The UI also supports dTWAP-market and dTWAP-limit orders. Once these parameters are set, users can authorize the specific source token, place the order, and review their requested configuration.

Leading-edge DeFi Innovation

The dTWAP protocol has established itself as the standard for decentralized algorithmic ordering in the DeFi sector, driven by the Orbs network L3 technology. The protocol is expected to experience a notable increase in adoption as it expands support for additional DEXs. Currently, it has integrations across 4 DEXs on 3 different chains, collectively facilitating over $200M in trade volume in the past week. Further updates regarding the ongoing collaboration between Orbs and QuickSwap are anticipated in the coming weeks.

Join the dTWAP support Telegram channel to learn more about the dTWAP protocol.