Autonomy integrates dApp with Trader Joe on Avalanche

Autonomy Network, an off-the-shelf decentralized automation protocol, has officially integrated its AutoSwap dApp with Trader Joe on Avalanche (AVAX/USD), Invezz learned from a press release. This follows the successful integration with PancakeSwap on Binance Smart Chain (BSC).

AutoSwap is the first dApp of its kind to offer recurring payments, limit order, stop loss, and impermanent loss protection for Avalanche-based DEXes.

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Avalanche has become one of the fastest growing blockchains because it resolves issues facing older blockchain, such as slow transactions, scalability, and centralization. This is why Autonomy Network to add support for Avalanche. AutoSwap offers stop losses and limit orders to users on Trader Joe, which is the biggest DEX on Avalanche by total value locked (TVL).

Blue, the pseudonymous Marketing Lead at Trader Joe, commented:

Advanced trading features have been built on top of Trader Joe using Autonomy, unlocking the ability for the Trader Joe community to enhance and automate their trading experience, using limit orders and stop losses.

Resolving pain points for DeFi community

The absence of solutions like stop losses, limit orders, recurring payments, and impermanent loss protection had become big challenges for DeFi users with large-scale growth of trading volumes of DEXs. James Key, founder of Autonomy Network, commented:

Advanced trading features are the key for DEX volume to overtake the volume of centralized exchanges, and it’s awesome to see it happening already with market leaders like Trader Joe already!

AutoSwap aims to help users better manage risk and boost returns without having to stare at the screen 24/7 by offering features in DeFi that were available only on centralized exchanges until now. Traders can automate their orders using Autonomy to stay active in the market at all times because crypto markets operate 24/7.

First fully decentralized automation tool

Autonomy is the first permissionless, fully decentralized automation tool, which powers Web3 developers and builders with on-chain conditional execution. It can integrate with lending protocols, decentralized exchanges, DAO management tools, and NFT and metaverse projects. For example, SushiSwap’s lending platform Kashi is integrating it to offer automating self-liquidations.