Orbs launches dSLTP protocol for DEX stop-loss orders

Israeli blockchain project Orbs (ORBS) has launched dSLTP, a new decentralized stop-loss and take-profit order protocol built on its L3 infrastructure. The protocol provides decentralized stop-loss and take-profit functionalities, automatically executing sell orders when a preset price is reached. According to Orbs, these features were previously exclusive to centralized exchanges (CEX), and dSLTP now brings CeFi-level trading capabilities to the DeFi space.