Why should I use DCA

DCA has many useful applications and strategies with which it can be utilized, including:

• Protection from market volatility: DCA helps mitigate price swings by executing trades over a specified time period, which can be a matter of minutes or months depending on the desired timespan of the user.

• Building a long-term position: If one has a bullish overall outlook on a particular asset and wants to accumulate more of it, but is uncertain when to enter, DCA is a sound strategy to employ.

• Taking profits: The opposite is also possible, if a user wishes to take profit over time, DCA can be used to sell back into stables and realize their profit.

• Buying or selling in size or assets with low liquidity: If a trader has, or wishes to obtain, a relatively large position in a coin which does not have deep on-chain liquidity, placing one large order can result in significant price impact for that asset. Utilizing DCA can mitigate price impact by spreading the transaction out over time.

• Sending the output to a different address: The user can specify a different address to receive the swapped coins than the address which executed the DCA strategy. For example, funds can be moved from a trading account to an investment account, or even to a centralized exchange if desired.