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Linea DEX Lynex Integrates dLIMIT and dTWAP Powered by Orbs

Chainwire · Dec. 19, 2023 at 3:21 pm UTC · 2 min read
Linea DEX Lynex Integrates dLIMIT and dTWAP Powered by Orbs

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Tel Aviv, Israel, December 19th, 2023, Chainwire – Leading Linea DEX Lynex has announced the integration of dLIMIT and dTWAP protocol powered by Orbs. As a result, 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 Orbs network. Lynex has become the ninth DEX to integrate dTWAP and dLIMIT.ย  The pairโ€™s introduction 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.

Prominent DEXs 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.

The addition of dLIMIT and dTWAP further solidify Orbs’ position as a market leader in DeFi innovation while proving how smart contract technology can support order types usually synonymous with CEX trading. In November, Lynex supported over $9.3M in transaction volume. dLIMIT and dTWAP will expand the DEXโ€™s current offerings and support further protocol growth.

dLIMIT allows Lynex users to buy or sell tokens at a specific price or better. While 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.

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.

Lynex traders can now utilize both of these key traditional finance orders without sacrificing decentralization.

About Lynex

Lynex is an advanced automated market maker (AMM) that seamlessly integrates the finest elements derived from Curve, Convex,ย  Velodrome and Thena. It functions as the primary liquidity hub on the Linea network. Lynex NFT holders actively participate in decision-making processes related to token emissions while enjoying incentives and fees generated by the protocol. Lynex combines liquidity provision, token swapping, and incentive alignment to create a seamless and rewarding experience for all participants.

About Orbs

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. They can be integrated with most DEXs and are currently live with exchanges such as QuickSwap, SpookySwap, Thena, and Chronos. Orbs is developed by a dedicated team of more than 30 people, with team members in Tel Aviv, London, New York, Tokyo, and Seoul.

Contact

Ran Hammer
[email protected]

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