Decentralizing DCA: This exhange offers gas-free dollar-cost averaging

cointelegraph.com:

Cryptocurrencies attract a lot of investors due to their high volatility, but this also poses a significant challenge. The most difficult part of investing in crypto is finding the best time to enter the market. Ideally, the plan would be to buy low and sell high, but the extreme volatility makes it impossible to enter at the right time on a regular basis.

However, there is a tested strategy that has been used by investors in traditional markets. It’s called dollar-cost averaging (DCA), and it can be applied to crypto assets like Bitcoin (BTC).

The main rule of the strategy is to allocate a fixed amount of money at regular intervals, regardless of the current price. Thanks to the DCA approach, investors can mitigate the impact of market volatility. DCA allows them to buy more crypto when prices are low and less when prices are high, resulting in an average purchase price that may be lower than the asset’s current value. While DCA doesn’t guarantee profits, it provides a disciplined approach to accumulating cryptocurrencies over time, making more sense for hodlers and long-term crypto investors.

DCA is especially relevant in the crypto market given the high volatility of crypto assets. The strategy enables crypto investors to eliminate the emotional burden and the influence of short-term price movements.

Many centralized crypto exchanges offer users the DCA strategy as an option, but it still isn’t widely adopted by decentralized exchanges (DEXs), mainly because of the gas fees that are incurred for every transaction. In response to this need, Ruby.Exchange recently became one of the first DEXs to offer DCA to its users.

Ruby.Exchange is a DEX on the SKALE Network, a layer-2 Ethereum scaling solution, and uses the automated