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Zug, Switzerland, January 18, 2022, Chenwire – – independent networkThe turnkey decentralized automation protocol successfully integrates Binance Smart Chain (BSC) with PancakeSwap and then officially integrates AutoSwapd with Avalanche’s Trader Joe. AutoSwap is the first dApp to offer limited orders, stop loss, permanent loss protection, and recurring payment capabilities to the avalanche-based DEX.
Avalanche has become one of the fastest growing blockchain ecosystems to address the limitations of legacy blockchain platforms such as scalability, centralization, and slow transaction speeds. Therefore, it makes sense for the Autonomous Network to add avalanche support.
The AutoSwap feature on the Autonomous Grid now offers limited orders and stop losses to Trader Joe’s users. This is the largest avalanche decentralized exchange with Total Value Lock (TVL).
“”Advanced trading features are built on top of Trader Joe’s use of autonomy, limit orders and stop losses to unleash the Trader Joe’s community’s ability to improve and automate the trading experience.…” said marketing leader Trader Joe Blue. The founding team of Trader Joe remains anonymous.
With DEX trading volumes growing exponentially, the lack of automated solutions such as limit orders, stop losses, recurring payments and permanent loss protection has become a major problem for DeFi users.
James Key, founder of the Autonomy Network commented:Advanced trading features are the key to going beyond DEX’s volume to central exchange and it’s great to see that already happening with market leaders like Trader Joe’s!“
AutoSwap offers DeFi capabilities that were previously only available on centralized exchanges, allowing users to better manage risk and increase revenue without having to stare at a screen 24/7. Aims to. The crypto market is open 24 hours a day, so traders can use Autonomy to automate their orders and stay active in the market even when they are asleep.
Autonomy is the first fully decentralized and unauthorized automation tool that provides web 3 creators and developers with a conditional on-chain implementation. This allows DeFi users to set any action to run under any circumstance in a decentralized and secured manner. Autonomy can be combined with decentralized exchanges, lending protocols, DAO management tools, as well as Metaverse and NFT projects. For example, Sushi Swap’s lending platform, Kashi, decided to natively integrate autonomy to provide self-clearing automation.
These integrations take place even before the Autonomy Network activates the token. The protocol is preparing for its initial DEX rollout (IDO) in February.
About standalone networks
Autonomy Network is the leading distributed automation protocol that builds the critical automation infrastructure for Web3dApp. Powering the Autonomous Network of Ethereum, Binance, Avalanche, Polygon, and other DEX solutions at the chain level, Layer 2 solutions enable users to offer a wide range of features such as limit orders, permanent loss protection and recurring payments. , Increase the volume.