Orbs Launches dSLTP: Trailblazing Decentralized Stop Order Protocol for DEXs

Orbs has unveiled dSLTP, a pioneering decentralized system that enables users on decentralized exchanges (DEXs) to place on-chain stop-loss and take-profit orders without the need for centralized middlemen.

Key Takeaways

Introduction of dSLTP: Orbs has launched the first decentralized stop order protocol for DEXs.
Integrated Features: dSLTP offers stop-loss and take-profit orders, enhancing the trading experience on DEXs.
Risk Management: These tools help traders safeguard investments and secure profits efficiently.
Customizable Interface: The dStopLoss feature comes with a specialized user interface for easy integration with DEXs.
Order Types: dSLTP supports both stop-market and stop-limit orders, providing flexibility in trading strategies.

defi decentralized layer

A New Era for Decentralized Trading

Orbs, known for its decentralized Layer-3 (L3) blockchain, has successfully launched dSLTP, marking a significant advancement in decentralized finance (DeFi). By leveraging Orbs' robust infrastructure, dSLTP delivers dependable execution of stop-loss and take-profit orders directly on decentralized exchanges, all while maintaining high levels of security and decentralization.

The introduction of dSLTP adds to Orbs’ Advanced Trading Orders Suite, which also includes dLIMIT and dTWAP, further enhancing the DeFi landscape with features typically reserved for centralized finance (CeFi).

Importance of Stop Orders

Stop orders play a vital role in both trading strategy and risk management. They empower traders to:

Limit Losses: Stop-loss orders are designed to sell a token if its price dips below a certain level, effectively capping potential losses in volatile conditions.
Lock in Profits: Take-profit orders automatically sell a token when it reaches a specified profit target, ensuring that gains are secured without the need for constant market monitoring.

The combination of stop-loss and take-profit orders enables traders to establish a balanced risk/reward strategy, maximizing potential gains while minimizing exposure to losses. Previously, such tools were mostly exclusive to centralized exchanges (CEXs), but with dSLTP, users can now automate advanced orders directly on DEXs.

User-Friendly Integration

The dStopLoss feature is equipped with a specialized user interface that facilitates straightforward integration and customization by any DEX. This ensures that the benefits of advanced order types are accessible to a broader range of traders.

dSLTP accommodates both stop-market and stop-limit orders, allowing users to customize their trading strategies effectively.

Stop-Market Orders: These orders activate upon reaching the specified stop price and guarantee execution, although they may experience slippage in fast-moving markets. This means that the actual price received could be less favorable than anticipated.
Stop-Limit Orders: These safeguard users against selling at a lower price than their predetermined limit by executing only if the limit price or better is reached. However, if the market price falls below this set limit, there’s a possibility that the order may not be executed.

This innovative approach to trading on DEXs not only provides flexibility but also enhances traders' ability to manage risk effectively in the ever-evolving crypto market landscape.