Thena Integrates Orbs’ dLIMIT and dTWAP to Enhance DEX Trading Capabilities

Key Highlights

• Thena, one of the largest decentralized exchanges on the BNB Chain, has integrated Orbs’ dLIMIT and dTWAP protocols into its platform.
• The integration of dLIMIT enables Thena traders to use limit orders, securing desired prices for trades and breaking up large orders into smaller transactions.

One of the leading decentralized exchanges (DEX) on the BNB Chain, Thena, is thrilled to announce that it has integrated the Orbs’ innovative protocols, dLIMIT and dTWAP.

According to an official announcement from the platform today, The integration is aimed to allow Thena traders to access advanced order types, including limit orders, and execute algorithmic trading strategies using decentralized time-weighted average price orders. Hence, this integration marks a significant milestone for Thena traders, exclusively enhancing their trading experience on the platform.

Thena’s Users Set to Experience Exclusive Trading Experience 

The inclusion of Orbs’ dLIMIT protocol enables Thena users to leverage limit orders, empowering them to secure the desired price for their trades or break up large orders into smaller transactions. This addition brings traditional finance (TradFi) order functionalities to the decentralized realm without compromising decentralization itself. By integrating with Orbs’ Layer 3 infrastructure, Thena solidifies its position as a leading DeFi market participant.

Additionally, the integration of Orbs’ dTWAP protocol introduces decentralized time-weighted average price orders to the Thena platform. This new functionality allows traders to execute algorithmic trading strategies and minimize price impact while gradually acquiring various digital assets over a specified time period. The inclusion of dTWAP expands Thena’s offerings, which already include multi-chain swaps, LP locking, and governance.

Ran Hammer, Vice President for Business Development at Orbs, has praised dLIMIT for providing DEX users with an unprecedented ability to execute limit orders at optimal prices with fair fees. Notably, since its launch on June 1, dLIMIT has gained substantial popularity among traders due to its unique features and seamless integration with Thena’s intuitive user interface.

When utilizing the dLIMIT feature on Thena, traders are presented with a user-friendly interface and an order history tab to track previous transactions. Before executing a dLIMIT order, traders must specify the token they currently possess, the token they want to swap for, and the limit price. Once these parameters are set, traders can approve the source token, trigger the order, and monitor it in real-time through the Order History tab.

Furthermore, for dTWAP orders, three additional parameters need to be configured: Number of Intervals, Max Duration, and Trade Interval. These parameters determine the number of individual trades, the maximum execution time, and the time gap between trades, respectively. The flexibility provided by dTWAP empowers traders to execute complex trading strategies while maintaining control and visibility over their transactions.

Interestingly, Thena’s integration of dLIMIT and dTWAP not only enhances the trading experience on the platform but also showcases Orbs’ cutting-edge Layer 3 technology. As a decentralized public blockchain infrastructure, Orbs is designed to support mass usage applications and seamlessly integrate with Ethereum’s EVM-based Layer 1. By unlocking a broad range of possibilities across the DeFi, NFTs, and GameFi ecosystems, Orbs enables Web3 users to harness the power of blockchain technology.