New functionalities like limit orders and DCA strategies enhance user experience on the decentralized exchange.
SushiSwap, a decentralized exchange, has recently integrated advanced trading features by leveraging Orbs' technology. This move aims to enhance the trading experience for its users by introducing new functionalities such as limit orders and dollar-cost averaging strategies.
SushiSwap is a DEX that allows users to trade cryptocurrencies directly from their wallets without the need for a central authority. Unlike traditional exchanges, SushiSwap operates on blockchain technology, providing a more secure and transparent trading environment.
One of the key features introduced through this integration is the ability to place limit orders. A limit order allows users to set a specific price at which they want to buy or sell a token. This means that the trade will only be executed if the market price reaches the specified limit price, giving users more control over their trading strategies.
Another significant feature is the implementation of dollar-cost averaging (DCA) strategies. DCA is a method of investing a fixed amount of money at regular intervals, regardless of the asset's price. This strategy helps in reducing the impact of volatility and lowers the average cost per unit over time. With Orbs' technology, SushiSwap users can now specify the frequency and number of trades to automate their DCA strategies.
Orbs is a decentralized layer-3 blockchain infrastructure designed to provide a centralized exchange experience on-chain. By integrating Orbs' dLIMIT and DCA protocols, SushiSwap aims to offer advanced trading features that were previously available only on centralized exchanges. This integration follows similar moves by other decentralized exchanges, highlighting a trend towards more sophisticated trading tools in the DeFi space.
