Powered by Autonomy, AutoSwap halts first-ever limit orders and losses on PancakeSwap at Binance Smart Chain DailyCoin
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Autonomy Network, a decentralized automation protocol, is pleased to present the first dApp for AutoSwap, a Binance Smart Chain-based DEX based on AutoSwap, such as PancakeSwap, a stop order that offers loss-limiting, permanent loss protection, and recurring payments. It will also be available on dApp, Polygon, and other channels. This is the first time that these features have been made available throughout the DeFi ecosystem.
By offering features in DeFi that were previously only available in centralized exchanges, AutoSwap aims to help users better manage risk and increase profits without having to look at the screen 24/7. Since crypto markets are open all over the clock, traders can automate their orders using Autonomy even when they are asleep to stay active in the market.
James Key, co-founder of Autonomy Network, commented:
“By limiting orders and halting losses to DEX for the first time in any blockchain, Autonomy has allowed DEX to have the same features as centralized exchanges. The inhibitor has been removed and is the final nail in the coffin for the dominance of centralized exchanges, allowing most of the volume to be transferred to DEX. deficiencies such as limit orders, losses, recurring payments and the protection of permanent losses have become a real pain point for DeFi users.
SokuSwap, a decentralized multi-chain exchange, has successfully integrated Autonomy Binance Smart Chain. Pangolin is integrating Avalanche’s limitation, stop loss and permanent loss prevention features into Avalanche. It aims to improve its overall usability and provide users and LPs with better risk management by integrating Autonomy. Soon ApeSwap will also have Autonomy-driven limit orders in the Binance Smart Chain.
Autonomy Network allows DeFi users to configure arbitrary actions to launch on arbitrary terms, in a decentralized and secure manner. It is not limited to trade. It can be integrated with decentralized exchanges, lending protocols, DAO management tools, or even metabersion and NFT projects. For example, SushiSwap’s lending platform Kashi has decided to natively integrate Autonomy to offer automated self-settlement.
These integrations are also happening before the Autonomy Network launches its token. The protocol is preparing its Initial DEX Offer (IDO) in February.
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