AutoSwap Brings First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Zug, Switzerland, 6th January, 2022,

Autonomy Network, an off-the-shelf decentralized automation protocol, is thrilled to introduce AutoSwap, the first-ever dApp to offer limit order, stop loss, impermanent loss protection, and recurring payment features for Binance Smart Chain-based DEXes such as PancakeSwap. The dApp will also be available on Ethereum, Polygon, Avalanche, Solana, and other chains. It’s the first time that these features have become available in the entire DeFi ecosystem. 

By offering features in DeFi that were available only on centralized exchanges until now, AutoSwap aims to help users better manage risk and boost returns without having to stare at the screen 24/7. Since the crypto markets are open around the clock, traders can automate their orders using Autonomy to stay active in the market even when they are asleep.

James Key, the co-founder of Autonomy Network, commented, "By introducing both limit orders and stop losses to DEXes for the first time ever 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.”

Leading DEXes on multiple blockchains have partnered with Autonomy to offer their users the same features available on centralized exchanges. With trading volumes of DEXes growing exponentially, lack of automated solutions such as limit orders, stop losses, recurring payments, and impermanent loss protection