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Powered by Autonomy, AutoSwap Brings the First Ever Limit Orders and Stop Losses to PancakeSwap on Binance Smart Chain -Breaking

by Mike Robinson

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Autonomy’s AutoSwap brings the first-ever limit order and stop loss to PancakeSwap via Binance Smart chain

Autonomy Network’s off-the shelf decentralized automation protocol is delighted to announce AutoSwap. This dApp offers limit order, stoploss, permanent loss protection and recurring payment options for Binance Smart Chain DEXes, such as PancakeSwap. It will be also available on Polygon and other chains. It’s the first time that these features have become available in the entire DeFi ecosystem.

AutoSwap offers features that are not available on central exchanges and aims to improve risk management and increase returns. Autonomy allows traders to automate orders and keep the markets open even when they’re asleep.

James Key, co-founder and CEO of Autonomy Network commented.

Autonomy allows DEXes the same functionality as central exchanges by introducing limit orders and stop loss to DEXes. 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.”
Autonomy has partnered with leading DEXes operating on different blockchains to provide their customers the same functionality as centralized exchanges. DeFi users are now suffering from a lack of automatic solutions like limit orders, stop loss, recurring payment, and permanent loss protection.

SokuSwap has successfully integrated Autonomy to the Binance Smart Chain. Pangolin is integrating Autonomy’s limit orders, stop losses, and impermanent loss prevention features on Avalanche. Integrating Autonomy will improve the overall user experience and help LPs manage risk better. ApeSwap is soon to have Autonomy-powered limit order on Binance Smartchain.

Autonomy Network allows DeFi users the ability to create arbitrary actions that can be activated under certain conditions. It is decentralized and guarantees this. The network is not limited to trading. You could use it to integrate with other decentralized exchanges or lending protocols. For instance, SushiSwap’s lending platform Kashi has decided to natively integrate Autonomy to offer automating self-liquidations.

These integrations take place even before Autonomy Network releases its token. In February, the protocol will launch its Initial DEX Offering (IDO).

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