Linea DEX Lynex Enhances Trading Experience with Orbs Protocols

Lynex, one of the leading decentralized exchanges (DEX) on Linea, has announced the integration of two innovative protocols powered by Orbs: dLIMIT and dTWAP. These protocols enable traders to execute advanced order types such as limit orders and time-weighted average price (TWAP) orders, which are commonly used in traditional finance but are not widely available in DeFi.

dLIMIT and dTWAP are fully decentralized, permissionless, and composable DeFi protocols developed by the Orbs project and powered by the Orbs network. Orbs is a public blockchain platform that pioneers the concept of L3 infrastructure, by utilizing its decentralized network to enhance the capabilities of existing EVM smart contracts.

dLIMIT allows users to buy or sell tokens at a specified price or better, while dTWAP allows users to break up large orders into smaller trades that are executed over time, reducing the price impact and slippage. Both protocols leverage Orbs L3 technology to ensure optimal and reliable execution of orders, with fair fees and minimal gas costs.

Linea DEX Lynex Enhances Trading Experience with Orbs Protocols
Linea DEX Lynex Enhances Trading Experience with Orbs Protocols

Why is this integration important?

The integration of dLIMIT and dTWAP with Lynex will enhance the trading experience and performance of Lynex users, who will now have access to more sophisticated and flexible trading strategies. Lynex is one of the largest DEXs on Linea, a scalable and interoperable blockchain network that supports multiple chains and ecosystems. Linea aims to provide a seamless and user-friendly environment for DeFi applications and users.

By integrating with Orbs protocols, Lynex will also benefit from the network effects and cross-chain liquidity that Orbs provides. Orbs has already integrated its protocols with several prominent DEXs across different chains, such as QuickSwap on Polygon, SpookySwap on Fantom, Chronos on Arbitrum, and more. This creates a unified and interoperable ecosystem for decentralized algorithmic orders, powered by Orbs L3 technology.

How to use dLIMIT and dTWAP on Lynex?

Using dLIMIT and dTWAP on Lynex is very simple and intuitive, thanks to the user-friendly interface and the order history tab that Lynex provides. Users can switch to the dLIMIT or dTWAP mode on the swap page, and specify the following parameters:

  • The token pair that they want to trade
  • The amount of tokens that they want to swap
  • The limit price for dLIMIT orders, or the duration for dTWAP orders

Once the order is submitted, users can monitor the status and progress of their orders on the order history tab, where they can also cancel or modify their orders if needed. Users can also view the realtime price charts and trading history of Lynex on DexScreener, a comprehensive analytics platform for DEXs.

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