Orbs Unveils dSLTP: The First Decentralized Stop-Order Protocol for DEX Traders
The new dSLTP protocol from adds a key feature of centralized platforms—automated stop and take-profit orders—to the world of decentralized trading.
dSLTP was designed for DEXs and lets traders automatically limit losses or lock in profits. This makes on-chain trading securer and more flexible. This launch marks the first time an order protocol like this has been used in the DeFi industry in a fully decentralized, non-custodial way.
Making Risk Management Better for DeFi Users
In the past, didn’t offer ways for users to set up automatic purchase or trade triggers, so traders had to keep an eye on the markets themselves to make money or cut their losses.
The dSLTP protocol is meant to address this difficulty so that traders can designate specific price points for automatic execution. Orbs ensures orders are executed openly and without the need for a third party to hold them by connecting directly to smart contracts.
The dSLTP protocol is fully on-chain, meaning it doesn’t require any middlemen or specialized algorithms to operate. This framework gives traders more securety and openness because off-chain parties can’t pause or change the protocol.
The goal of Orbs’ implementation is to assist both experienced and new traders by offering them a tool they are already familiar with that will make them feel more confident when trading in turbulent crypto markets.
Supported Tokens and Market Data
When it first came out, dSLTP worked with a lot of popular cryptocurrencies, like BTC, ETH, Binance Coin (BNB), , XRP, and many more.
The protocol is meant to get and process live market prices so that stop-loss and take-profit triggers happen at the correct times, even though DEX settings have the usual difficultys with liquidity and slippage.
Current market conditions indicate that volatility has been high lately. For example, is down 7.98% to $83,977, ETH is down 8.71% to $2,739.09, and Solana is down 10.00% to $126.68.
Closing The Gap in Features Between CEXs and DEXs
Orbs closes a long-standing feature gap between centralized and decentralized platforms by using the dSLTP protocol. The automated stop-and-take-profit method not only protects traders from sudden market drops but also makes platforms more similar to traditional trading experiences.
As more people begin using DeFi, answers like dSLTP will likely be crucial for attracting new users and advancing on-chain trading techniques.
Orbs’ release of the dSLTP protocol gives decentralized platforms the options they really need. The ability to automate stop-loss and take-profit orders on-chain will assist all market participants, as crypto values remain quite volatile. This will make DeFi even more competitive in the larger trading ecosystem.
