THENA Introduces Orbs dSLTP for Order Processing on BNB Chain
Introduction of dSLTP Protocol: Orbs has launched the dSLTP protocol, enabling decentralized stop-loss and take-profit orders on the BNB Chain, enhancing the trading experience for users by automating risk management tools typically found on centralized exchanges.
Onchain Trading Automation: The integration allows users on THENA to set automated trading conditions directly onchain, facilitating trades based on predetermined price movements without the need for constant monitoring.
Growth and Revenue Generation: Since its inception in January 2023, THENA has generated $40 million in revenue, reflecting the increasing demand for advanced DeFi trading tools and the successful implementation of the dSLTP protocol.
Future of DeFi Trading: The introduction of dSLTP is part of a broader Layer-3 suite aimed at improving risk controls in DeFi, indicating a significant shift towards more sophisticated trading functionalities within decentralized finance.
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