Native Limit Orders on QuickSwap: Powered by Gelato
Since last Monday, users of Polygon’s original AMM and most popular decentralized exchange, QuickSwap, can now execute limit orders natively here. Gelato has partnered with QuickSwap before to deploy limit orders. However, until now they were only available via Sorbet Finance, performing thousands of transactions since its inception. Now users no longer have to leave QuickSwap to get the same reliable limit order experience.
Native limit orders are quickly becoming one of the most requested features in DeFi. Yet to date, even AMMs such as Uniswap still offer no native Limit Order capability in the pure sense on their own UI. Many users on AMMs are still only presented with the option to go and buy at the current market rate. Gelato set out to obliterate this barrier for Decentralized Exchange developers with two npm libraries: limit-orders-lib and limit-orders-react. The smart contract components of the limit order system have been audited by Certik.
“Using Gelato’s limit-orders-react library enabled us to add limit-order functionality to our AMM and frontend in no time and with batteries included.” — Sameep Singhania, founding member of QuickSwap
Thanks to Quickswap’s native frontend integration of the Gelato automation network all Quickswap users can now enjoy automatically trading at their specified pivotal price points in the markets, without having to be online just at the right time clicking buttons to seize the opportunity. QuickSwap users can sit back and relax while Gelato bots are monitoring and executing their limit orders exactly as instructed by them.
“With our limit-orders-react npm library, developers can go live with limit orders for their AMM in under one hour.” — Luis (gitpusha), legendary member Gelato Network
Take a sneak peek of how placing a limit order on QuickSwap looks like here:
What are you waiting for, go to quickswap.exchange and catch the next dip, or perfectly set a limit near the top of a green candle!
Stay tuned for further integrations and announcements, as we further our collaboration with QuickSwap.
About QuickSwap
QuickSwap is a permissionless decentralized exchange, powered by Polygon’s Layer 2 scalability infrastructure. Incorporating a community-focused governance structure and a fair token distribution model, QuickSwap is empowering traders while removing the costly barriers to entry to DEXs for the general crypto user.
About Gelato Network
Gelato Network is web3’s automation network, enabling developers to automate & relay arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum.
Gelato’s goal is to provide developers with a reliable, scalable & decentralized network to which they can outsource all of their web3 related DevOps operations.
Examples of which features are powered by Gelato include:
- Limit Orders on PancakeSwap
- Periodically updating debt ceilings on MakerDAO
- Offering users gasless token claims on Connext
- Automatically compounding yield farming vaults on Beefy Finance
- Automating the breeding of new digital racehorse NFTs on ZED RUN
- Rebasing of algorithmic stablecoins with Tomb Finance
- Updating price oracles on Abracadabra
► Check out what we’ve been working on at 🍦 https://gelato.network/🍦
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