Limit Orders

A Limit Order (LO) is a custom trade between 2 assets or more, that will be executed at the market price each time a buyer shows up, only if the price of one of the asset involved in the transaction is bellow, or above a certain value. Ranges can also be set to fix the execution price between two prices.

Limit Orders can be created and proposed to the market by anyone, for a fixed duration or not. It is possible to create trades between every asset listed on the platform. One asset can be exchanged for any other, and order creators can accept multiple tokens as counterparty. A LO stays open, until it is fulfilled or expired/terminated.

Some examples of Limit Orders:

• Exchange wBTC vs wETH, at market price, only if wBTC is worth at least $30,000;

• Exchange wETH vs wBTC, USDT and USDC, at market price, only if wETH is worth at least $2,000;

• Exchange DAI vs CRV, at market price, only if CRV is worth less than $0.5;

• Exchange CVX vs FXS, CRV and FRAX, at market price, only if CVX price is in the $5.5 - $6.5 range.

Orders are represented as NFTs and thus, can be traded on the open market or sent to other wallets.