We are happy to announce that Order Protocol will launch on Polygon to bring conditional orders for DEXs on Polygon.
Order Protocol is a decentralized OMS (Order Management System) build on Polygon. Users can save orders with algorithmic conditions, and when those conditions are met orders will be sent to DEXs to be executed.
With Polygon, OrderProtocol’s users can benefit from low cost and high-speed algorithmic trading experience.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Order Protocol is the first DeFi protocol unlocking conditional/algorithmic orders for Polygon DEXs. DEXs are great for decentralized trading, but most of them don’t have the complex order types that centralized exchanges provide. Order Protocol is bringing order types like limit orders, conditional orders that allow users to perform different algorithmic trading strategies.
Source : cryptodaily.io