Now Reading
Powered by Autonomy, AutoSwap Brings the First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain

Powered by Autonomy, AutoSwap Brings the First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain

Autonomous trading tool that helps traders protect their investment. The team at PancakeSwap have been developing this unique platform for almost a year now and it has finally seen the light of day! With Binance Chain’s limit orders, stop losses will be available to all users in Q1 2019.

The “is autofarm safe” is a question that has been asked many times. The answer to this question is yes, but it is important to know what you are getting into before making any investments in the cryptocurrency world.

Powered by Autonomy, AutoSwap Brings the First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain

Powered by Autonomy, AutoSwap Brings the First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain

 

6th January 2022, Zug, Switzerland

Autonomy Network, an open-source decentralized automation system, is excited to announce AutoSwap, the first first dApp to provide limit orders, stop losses, temporary loss protection, and recurring payment capabilities for Binance Smart Chain-based DEXes like PancakeSwap. The dApp will be accessible on a variety of blockchains, including Ethereum, Polygon, Avalanche, Solana, and others. These functionalities are now accessible throughout the full DeFi ecosystem for the first time. 

AutoSwap seeks to assist users better control risk and enhance profits without having to gaze at a computer 24/7 by bringing tools to DeFi that were previously only accessible on centralized exchanges. Because the crypto exchanges are open 24 hours a day, traders may use Autonomy to automate their orders and remain active in the market even while they are sleeping.

“By providing both limit orders and stop losses to DEXes for the first time ever on any blockchain, Autonomy has allowed DEXes to have the same functionality as centralized exchanges,” said Key, James, co-founder of Autonomy Network. Because the majority of crypto trading volume is not in market orders, this removes the fundamental impediment to DEX development and is the last nail in the coffin for centralized exchange supremacy, enabling the majority of volume to migrate to DEXes.”

Leading decentralized exchanges (DEXs) across different blockchains have joined with Autonomy to provide its customers with the same services as centralized exchanges. The absence of automatic solutions like as limit orders, stop losses, regular payments, and temporary loss protection has become a genuine pain issue for DeFi customers as trading volumes of DEXes increased tremendously.

Autonomy has been successfully implemented on the Binance Smart Chain by SokuSwap, a multi-chain decentralized exchange. Limit orders, stop losses, and temporary loss protection features from Autonomy are being integrated into Pangolin’s Avalanche platform. By incorporating Autonomy, it hopes to enhance its general usability and deliver better risk management to users and LPs. On Binance Smart Chain, ApeSwap will soon offer Autonomy-powered limit orders.

See Also

DeFi users may utilize the Autonomy Network to build up arbitrary actions that will be activated under arbitrary situations in a decentralized and assured manner. It isn’t solely for trade purposes. It has the potential to work with decentralized exchanges, lending protocols, DAO administration tools, and potentially metaverse and NFT initiatives. SushiSwap’s loan platform Kashi, for example, has chosen to incorporate Autonomy natively in order to automate self-liquidations.

Even before Autonomy Network’s token is released, these integrations are taking place. In February, the protocol will launch its Initial DEX Offering (IDO).

Autonomy Network Information

Autonomy Network is a major decentralized automation protocol that helps Web3 dApps construct key automation infrastructure. Autonomy Network enables DEXes and Layer-2 solutions on Ethereum, Binance, Avalanche, Polygon, and other chains and chains grow their volumes by allowing them to provide consumers with additional features including limit orders, temporary loss protection, recurring payments, and more.  

Contacts

Watch This Video-

Trades on the Binance Smart Chain are now available with the “trading apr autofarm” and “stop losses.” The new features will allow traders to take advantage of price volatility.

Related Tags

  • pancakeswap gitbook
  • uniswap
  • what is autofarm network
  • pancakeswap documentation
  • autofarm tokenomics
Scroll To Top