SpookySwap, a decentralized exchange (DEX) on the Sonic blockchain, has successfully integrated Orbs’ dSLTP protocol. With this action, the exchange becomes the first of its kind on the network to offer automated stop-loss orders on DEX and take-profit. Ran Hammer, Vice President of Business Development at Orbs, stated that this integration advances Orbs’ mission to “deliver CeFi-level trading automation across DeFi ecosystems,” enhancing the user experience.
The dSLTP protocol uses Orbs’ decentralized Layer 3 infrastructure, making it permissionless and trustless. This solves a significant problem in DeFi, where traders had to constantly monitor the market or rely on third-party bots to secure gains or limit losses.
Thanks to this integration, traders can establish automated conditions for any swap, enabling precise risk management and execution. SpookySwap provides an ideal environment for these tools. This integration is based on an established partnership, where dSLTP joins Orbs’ suite of advanced products (such as dLIMIT and dTWAP), which already support millions in automated trading volume. Now, the crypto community will watch how this sophistication drives active trading volume on SpookySwap and the adoption of Orbs’ Layer 3 infrastructure on other DEXs.
Source: https://x.com/SpookySwap/status/1996565382610751587
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