Pangolin (PNG/USD), មួយ Avalanche-based DEX protocol, now supports decentralised Time Weighted Average Price (dTWAP), which is powered by proof-of-stake blockchain platform Orbs.
The integration continues the close partnership between the two platforms, the Orbs team announced on Thursday, with the news seeing the two platform’s native tokens PNG and ORBS make slight upward moves.
Orbs’ dTWAP order type live on Pangolin
Pangolin is the first Avalanche-based network to integrate the Orbs’ dTWAP order type, bringing real-time notifications to DEX traders.
With the Orbs’ dTWAP functionality live on the platform, users can now tap into the benefits of a fully decentralised, permissionless, and composable blockchain protocol.
As an algorithmic trading order, dTWAP works by dividing trading orders into several smaller trades. The trades are then executed at regular intervals but within a specified period, which means DEX users can execute highly sophisticated trading orders, including តម្លៃដុល្លារជាមធ្យម and price impact reduction.
dTWAP works regardless of the fragmented market liquidity and has the potential to benefit traders looking at multiple trade opportunities.
Source: https://invezz.com/news/2023/02/23/pangolin-dex-integrates-orbs-dtwap-order-type/