AutoSwap Integration Brings Limit Orders and Stop Losses To Trader Joe and Avalanche

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AutoSwap Integration Brings Limit Orders and Stop Losses To Trader Joe and Avalanche
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Following its successful integration with Binance Smart Chain’s Pancakeswap, Autonomy Network’s DApp, AutoSwap is now integrated with Trader Joe and Avalanche. The integration enables limit orders and stop losses on the two platforms.

DeFi users have struggled with the lack of automated features such as limit orders, stop losses, recurring payments, and impermanent loss protection, despite the fast-growing volume on decentralized exchanges. The addition of these features could cause DEXes to overtake centralized exchanges by trading volume.

Advanced trading features are the key for DEX volume to overtake the volume of centralized exchanges, and it’s awesome to see it happening already with market leaders like Trader Joe already!,” Autonomy Network founder James Key commented.

Autonomy Network, the first fully decentralized and permissionless automation tool empowers Web3 builders and developers with on-chain conditional execution. With it, DeFi users can set up decentralized and guaranteed arbitrary actions to be triggered under arbitrary conditions. The network can integrate with decentralized exchanges such as Trader Joe, lending protocols, DAO management tools, or even metaverse and NFT projects.

Its dapp, AutoSwap is the first dapp to offer such features in addition to impermanent loss protection, and recurring payment features for Avalanche-based DEXes. The Avalanche network has experienced fast growth due to its innovative design that is more decentralized, scalable, and faster for transactions. Trader Joe is currently the largest decentralized exchange by total volume locked (TVL). 

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Marketing Lead at Trader Joe, Blue, speaking on the integration said: “Advanced trading features have been built on top of Trader Joe using Autonomy, unlocking the ability for the Trader Joe community to enhance and automate their trading experience, using limit orders and stop losses.” 

By offering these automated features which were hitherto only available on centralized exchanges, AutoSwap aims to improve risk management and returns for DeFi users without them having to be actively involved in trades all the time.