Nikolas Sargeant
Leading Linea DEX Lynex announced on Wednesday, December 20th, that it has integrated LIMIT and dTWAP protocol powered by Orbs. In a press release shared with Cryptowisser, the team said thanks to this integration, Lynex users can access both advanced order types, enabling traders to guarantee the price of their orders or break up large orders into smaller trades.
dLIMIT and dTWAP are fully decentralized, permissionless, and composable DeFi protocols developed by the Orbs project and powered by the Orbs network. Thanks to this latest development, Lynex has become the ninth DEX to integrate dTWAP and dLIMIT.
The integration of dLIMIT and dTWAP allows Lynex traders to utilize advanced order types at no extra cost. dLimit supports limit orders for single transactions and dTWAP enables the execution of commonly used algorithmic trading strategies.
Popular decentralized exchanges including QuickSwap, Thena, and BaseSwap already use dLIMIT and dTWAP. Its integration by Lynex marks the first time the technology has been rolled out on Linea, the Consensys-developed zkEVM for scaling Ethereum apps.
Furthermore, the integration also solidifies Orbs' position as a market leader in DeFi innovation while proving how smart contract technology can support order types usually synonymous with CEX trading.
This latest development comes after Lynex supported over $9.3M in transaction volume in November. dLIMIT and dTWAP will expand the DEX’s current offerings and support further protocol growth.
The team explained that dLIMIT allows Lynex users to buy or sell tokens at a specific price or better. Although the specified price is guaranteed, the execution of the order is not and depends on price movement. Limit orders are only executed if the market price meets the order specifications. When switching to a dLIMIT swap on Lynex, users are presented with an easy-to-follow user interface alongside an order history tab to keep track of previous transactions.
On the other hand, dTWAP is based on an algorithmic trading strategy that reduces the impact of large orders on the market by breaking them down into smaller portions that are executed over time. By executing smaller orders, this approach lessens the price impact or enables traders to gradually acquire assets over a specific period. In DeFi this is particularly useful as pools need time to rebalance.
The integration means that Lynex traders can now utilize both of these key traditional finance orders without sacrificing decentralization.
Lynex is an advanced automated market maker (AMM) that seamlessly integrates the finest elements derived from Curve, Convex, Velodrome and Thena. It functions as the primary liquidity hub on the Linea network.
Meanwhile, Orbs is an open, decentralized and public blockchain infrastructure. Its flagship products include TWAP and dLIMIT, limit order and TWAP protocols that are 100% decentralized and EVM compatible.
