Ring Protocol Integrates Orbs Tools on 4 Blockchains for Advanced On-Chain Trading

iconBitcoin.com
Share
AI summary iconSummary
Ring Protocol has rolled out a protocol update by integrating Orbs’ Layer 3 tools across four blockchains: Base, Arbitrum, Ethereum, and BNB Chain. This on-chain news marks the launch of dLIMIT and dTWAP protocols for precise order execution. Traders can now access advanced tools without custody risks or extra fees. The DEX, which has handled over $5 billion in volume, aims to boost on-chain trading flexibility with this update.

Multi-chain DEX Ring Protocol has integrated Orbs’ Layer 3 infrastructure to bring advanced algorithmic trading tools to traders on Base, Arbitrum, Ethereum, and BNB Chain.

Key Takeaways

  • Ring Protocol integrated Orbs to bring algorithmic trading to 4 major blockchain networks.
  • The tool enhances execution on Ring Protocol, which already processed over $5 billion in volume.
  • Orbs continues expanding its Layer 3 trading tools across major DEXs like PancakeSwap.

Precision Execution for On-Chain Traders

Multi-chain decentralized exchange (DEX) Ring Protocol recently announced an integration with blockchain infrastructure provider Orbs, enabling the deployment of advanced algorithmic trading tools across four major blockchain networks.

The partnership brings Orbs’ decentralized limit order (dLIMIT) and time-weighted average price (dTWAP) protocols to Ring Protocol traders on Base, Arbitrum, Ethereum, and BNB Chain. Operating on Orbs’ Layer 3 infrastructure, the tools allow users to set precise entry and exit parameters without relinquishing custody of their digital assets or paying extra platform fees.

Ring Protocol was already a key player in multi-chain liquidity prior to the integration. By utilizing Few Protocol to wrap tokens before automated market maker (AMM) execution, the platform unlocks virtual liquidity that has driven more than $5 billion in total volume. Ring Protocol currently holds over $30 million in total value locked (TVL) across its native swap and aggregator network.

The new features address long-standing execution challenges in decentralized finance (DeFi), where traders traditionally faced limited order flexibility compared to centralized exchanges.

Through dLIMIT, traders can schedule buy or sell orders that execute only when a targeted market price is reached or beaten. Meanwhile, dTWAP allows participants to split large orders into smaller chunks spread over a specified timeframe, minimizing price slippage and market impact on low-liquidity pairs.

“Advanced trading tools should be available to every DeFi user, not just professional traders,” said Ran Hammer, Chief Business Officer at Orbs. “By bringing dLIMIT and dTWAP to Ring Protocol, we’re expanding access to sophisticated on-chain execution across another fast-growing trading venue.”

Unlike centralized execution services, Orbs’ protocols rely on its decentralized proof-of-stake validator network to monitor and trigger trades automatically. The consensus layer acts as a decentralized backend, allowing DEXs to support complex order logic without altering their core smart contracts.

The rollout expands Orbs’ footprint across the DeFi ecosystem, joining previous deployments on major platforms including Pancakeswap, Sushiswap, and Quickswap.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.