Spookyswap integrates with dTWAP

Published on: 08.03.2023
Spookyswap integrates with dTWAP

Spookyswap integrates with dTWAP powered by Orbs Network. SpookySwap, the largest DEX by TVL on the Fantom blockchain has completed its integration with dTWAP, developed by the Orbs team and powered by the Orbs network. 

The integration comes after completing the process on SpiritSwap and Pangolin DEX, as it continues to see new DEXs adopt the dTWAP standard.

dTWAP is a fully decentralized, permissionless, and composable DeFi protocol developed by the Orbs team and powered by the Orbs network. Traders utilizing the DEX will now have access to the sophisticated order type, dTWAP.

Integration Highlights

The integration highlights the close collaboration between the Orbs team and SpookySwap and displays a working relationship that other projects can look to model to adopt the standard quickly. The Spooky team did most of the integration work, including their custom front end, with minimal help from Orbs developers. This was possible due to the smart contract audits (1,2) and the high-level developer documentation of dTWAP.

Orbs is a decentralized protocol executed by a public network of permissionless validators using PoS. Staked with TVL valued at over a hundred million dollars. Orbs pioneers the concept of L3 infrastructure. Utilizing the Orbs decentralized network to enhance the capabilities of existing EVM smart contracts, opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs, and GameFi.

Trade With More Confidence

In the last seven days, SpookySwap has facilitated a trading volume of 76 million dollars. Boasts a TVL of 97 million. The order types that make up this volume are Market, Limit, and Cross-Chain. dTWAP will expand Spooky’s offerings, allowing dTWAP to tap into a marketplace with robust trading volumes.

TWAP is an algorithmic trading strategy utilized in CeFi that aims to reduce the impact of large orders on the market by breaking them down into smaller portions over time. By executing smaller orders, this approach lessens the price impact and enables traders to gradually acquire various assets over a specific period of time. Spooky’s traders can now utilize these key features without sacrificing decentralization.

Trading With dTWAP

Those familiar with the DEX can find dTWAP in a familiar location, next to the other order types supported by Spooky. When switching to the dTWAP UI, users have present with a fully customizable dashboard that updates in real time as they make changes to their orders.

Before executing dTWAP, three parameters need to be specified:

  1. # of Intervals:
    allows the user to specify the number of individual trades. The UI automatically calculates the total number of trades required to complete the full order and the estimated trading interval.
  2. Max Duration:
     the total time during which the total amount of individual trades making up the full dTWAP order may be executed.
  3. Trade Interval:
    sets the time gap between each individual trade. The user can edit this parameter, which also results in corresponding trade size and number changes.

These parameters provide significant flexibility in customizing each order, taking into account factors like market conditions and current gas fees. Additionally, the UI facilitates both dTWAP-market and dTWAP-limit orders. Once these parameters are set, the user can approve the specific source token. Place the order, and review their specified configuration.

ABOUT Orbs Network

The Orbs Network is an open, decentralized, and public blockchain infrastructure. Executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.

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