Autonomy Network Launches AutoSwap to Provide Limit Order and Stop Loss on BSC
Autonomy Network has excitedly announced the launch of its new DApp feature called AutoSwap. The AutoSwap will provide limit order, stop loss, impermanent loss protection, and recurring payment features on Binance Smart Chain (BSC).
With this unprecedented innovation, PancakeSwap will be one of the integral BSC DEXes to tap a wide array of benefits. Notably, AutoSwap will be widely available on Ethereum, Polygon, Avalanche, Solana, and more other existing chains.
This is the first time in history that the AutoSwap protocol has become available in the DeFi ecosystem. Additionally, this showcases that Autonomy has geared up to unveil its full potential with lucrative features in this new year season.
AutoSwap will help traders to mitigate risk and increase their return on investment without any hassle. Alongside this, traders can use Autonomy to automate their orders actively in the market even when they are asleep.
Autonomy Network Co-Founder James Key commented,
By introducing both limit orders and stop losses to DEXes for the first time on any blockchain, Autonomy has enabled DEXes to have the same features as centralized exchanges. Since most of crypto trading volume is not in market orders, this means that the main inhibitor of the growth of DEXes has been removed and is the final nail in the coffin for the dominance of centralized exchanges, allowing most of the volume to move over to DEXes.
To unveil all the needful in the AutoSwap, many leading DEX platforms have partnered with Autonomy to provide the same features on centralized exchanges (CEX). Since DEXs trading volume keeps increasing exponentially, automated solutions such as limit order, stop loss, recurring payments, and impermanent loss protection bedevils DeFi users.
Furthermore, SokuSwap has partnered with Autonomy directly on the Binance Smart Chain (BSC). Presently, Pangolin has taken a bold step to integrate Autonomy’s limit orders, stop loss, and impermanent loss prevention features on Avalanche.
Through Autonomy, Pangolin aims to improve its usability. Moreover, it aims to provide its users and LPs with better risk management features. Meanwhile, ApeSwap is preparing to adopt Autonomy’s limit orders on the Binance Smart Chain protocol.
Autonomy Network enables DeFi users to set up arbitrary actions to be triggered under arbitrary conditions, in a decentralized and guaranteed way. It is not just limited to trading. It could integrate with decentralized exchanges, lending protocols, DAO management tools, or even metaverse and NFT projects. For instance, SushiSwap’s lending platform Kashi has decided to natively integrate Autonomy to offer automating self-liquidations.
Best of all, the Autonomy Network will launch its native token in the coming days. At the moment, the company is preparing for its Initial DEX Offering (IDO) event in February.
Text source: News – CoinQuora – Latest Cryptocurrency and Block
