QuickSwap and Gelato Team Up To Bring Limit Orders To Polygon
Limit orders are here and users can reap the benefits, saving on both time and gas.
When it comes to customization, many DEXs still lack the features that are offered by centralized exchanges. That is why Gelato and QuickSwap are excited to announce a collaboration to bring limit orders to Polygon, liberating users from having to wait around and try to time the “perfect” price. At first, limit orders will be available via Sorbet and routed through QuickSwap and soon users will be able to place them natively on QuickSwap’s own platform.
“We always wanted to develop QuickSwap as an ecosystem which is used by other projects to develop great products. Limit orders by Gelato is one such great example of it. I am really excited to see how the community uses this great feature.” —Sameep Singhania, Founding Team of QuickSwap
QuickSwap is the leading next-generation Layer 2 DEX that utilizes the low fees of Polygon to make it economical for anyone to participate in DeFi. Currently, QuickSwap has attracted over $540 million in liquidity and has regularly achieved over $200 million in daily volume. It has become the cornerstone money lego of the Polygon ecosystem, making the transition of Ethereum native dapps such as Aave and Curve easier as well as serve as a focal point for projects to grow and proliferate through yield farming.
Gelato has already proven the demand for limit orders with its incarnation of Sorbet on Ethereum’s main chain. Bots work diligently in the background to complete requested quotes of users, empowering them to have more agency in their trading experience. In nearly 3 weeks since its debut, Sorbet has managed over $7 million worth of orders from thousands of users around the world who want a taste of Gelato automation.
Gelato is building the automation layer for DeFi allowing protocols to fully embrace the power of DeFi for their users. With the inception of Gelato v2, the Gelato Network has upgraded its army of bots and has made efficiency the prime focus of its mission. Already, Gelato has proven itself as a formidable collaborator helping Instadapp with both refinancing Maker debt as well as migrating positions from ETH to Polygon.
“We are happy to reach many more users by giving them access to automated trading functionality that doesn’t require them to spend a fortune on transaction fees.”—Luis Schliesske, Gelato Co-Founder
In the future, Gelato and QuickSwap intend to bring more features to users such as Dollar-Cost Averaging and more.
For those wanting to give limit orders a try, our Community Manager Dan wrote a nice tutorial to make the process easier:
Stay tuned for more updates from Gelato and QuickSwap! Keep in touch with QuickSwap on Twitter and Telegram and Gelato on Twitter, Telegram, and Discord.
About QuickSwap
QuickSwap is a permissionless decentralized exchange based on Ethereum, 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 premier automation network, enabling developers to automate a wide variety of arbitrary smart contract executions on and across all EVM-based compatible blockchains such as Ethereum. Examples of use cases developers have built on top of Gelato include Limit Orders on AMMs like Uniswap, automatic compounding of yield farming vaults, Aave liquidation protection, MakerDAO debt ceiling updates, automated liquidity management, and even the petting of Aavegotchis.
Our ultimate goal is to automate everything and by giving developers the reliable tools they need to do this, we can empower their users to get the most out of their Web3 experience.
If you have any questions or need help getting started, please reach out to us in our Telegram community or email us at hi@gelato.digital.
We are looking forward to building with you!
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