SushiSwap expands support for layer-3 protocols with Orbs’ dLIMIT and DCA

Decentralized cryptocurrency exchange SushiSwap now supports layer 3 protocols on Orbs to bring new order types, including the ability to spread orders out over time.

SushiSwap, a decentralized exchange and automated market maker, has integrated layer-3 Orbs’ (ORBS) dLIMIT and DCA decentralized protocols into its platform, providing its users with new tools to manage transactions.

In an August 20 press release shared with Crypto.news, Orbs said that with the integration of the dLIMIT protocol, SushiSwap traders can now place limit orders directly on a blockchain network, specifying specific buy or sell prices and having trades executed only when market conditions match those parameters. The feature also includes options to customize order execution and track trades via the order history tab, the press release reads.

“Trades will only be executed when the current market price is equal to or better than the Limit price. dLIMIT takes into account current market conditions, prices, and gas fees.”

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Orbs brings new DeFi features to SushiSwap

Alongside dLIMIT, SushiSwap has also added support for Orbs’ DCA protocol, which allows traders to execute “time-weighted average price orders.” According to Orbs, this feature allows users to specify the frequency and number of trades, enabling them to “gradually build positions in the desired token.”

Working on a proof-of-stake consensus algorithm, Orbs aims to enhance decentralized finance (DeFi) functions by acting as an intermediary layer. In 2023, Orbs raised $10 million by selling its native tokens to DWF Labs and is expanding its services on multiple blockchain networks, including Ethereum, Polygon, and Open Network.

In July, the project launched liquidity hub Fenix ​​Finance on its Blast-based decentralized exchange protocol, which aims to increase liquidity and capital efficiency for its users. Following the integration announcement, the price of the ORBS token increased by more than 5% to $0.025.