BaseSwap has announced an upgrade that includes the integration of the new dLIMIT and dTWAP features aimed at enhancing trading on the decentralized exchange. These tools are designed to provide users with greater flexibility and control when executing trades.
What are dLIMIT and dTWAP?
The dLIMIT function allows users to set a specific price for buying or selling an asset. The order will only be executed when the market reaches the target price, which is useful for those looking to manage trades without constant monitoring.
The dTWAP function splits a large order into multiple smaller ones, spread out over a time period controlled by the user. This reduces market impact and helps avoid moving the price against oneself, especially useful for high-volume trades.
How to Use dLIMIT and dTWAP on BaseSwap
The new features are available on the BaseSwap swap page. To use dLIMIT or dTWAP, follow these steps:
1. Select LIMIT or TWAP on the swap page. 2. Choose your tokens. 3. Set your parameters (target price for dLIMIT, interval size and frequency for dTWAP). 4. Approve your tokens and confirm your trade.
Your order will be live on-chain, and you can track it in real-time using our order history dashboard.
Impact of New Features on the Base Ecosystem
Integrating these new features is part of BaseSwap's strategic goal to improve capital efficiency and user experience. These updates are already driving deeper liquidity and increased activity on the platform, making it more attractive to traders and liquidity providers.
The introduction of dLIMIT and dTWAP features on BaseSwap opens up new opportunities for traders, providing a more thoughtful approach to managing trades in decentralized markets. The platform continues to evolve, delivering cutting-edge tools for trading.
