LCX DeFi Terminal Introduces Limit Orders for Uniswap

Capital Markets CIO Outlook | Thursday, October 01, 2020

The LCX DeFi Terminal will empower traders to execute limit orders, placing sell or buy orders at target prices on Uniswap. LCX developed a layer 2 protocol as a secondary smart contract framework that is created on top of Uniswap's blockchain system.

FREMONT, CA: Liechtenstein-based LCX today announced the launch of Project Fire Salamander, LCX's smart DeFi Terminal for decentralized finance markets.

LCX DeFi Terminal is a decentralized trading platform created on top of Uniswap, enabling limit orders on Uniswap DEX. The LCX DeFi Terminal is an intuitive dashboard to display all DeFi assets (all ERC20 tokens and ETH) and liquidity pools all in one user-friendly interface. The market section at LCX DeFi Terminal is displaying all trading pairs available at Uniswap to filter and rank digital assets by name, 7d volume, 24h volume, total liquidity, 24h fees, and 1y fees/liquidity based on 24h fees annualized.

"Decentralized Finance (DeFi) has seen enormous growth in recent weeks, but the biggest growth of the whole industry is still yet to come," stated Monty C. M. Metzger, CEO and Founder at LCX. LCX noticed that there are many challenges in the current systems. Many users complain about the lack of detailed information and poor user interfaces. Its complicated, time-absorbing and difficult to track and maintain liquidity pools, all balances, and assets. But one of the most pressing issues that users are facing while trading on decentralized exchanges is the missing functionality of buying and selling at a defined price - limit orders.

The LCX DeFi Terminal will empower traders to execute limit orders, placing sell or buy orders at target prices on Uniswap. LCX developed a layer 2 protocol as a secondary smart contract framework that is created on top of Uniswap's blockchain system. The LCX DeFi protocol has an integrated price discovery engine that monitors each trade's price in order and automatically executes the limit order to Uniswap when the set parameters are matched.