Limit request protocols offer greater flexibility and efficiency to DEX traders Cointelegraph
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As decentralized exchanges As they evolve (DEX), their functionalities become more and more advanced, often coinciding with centralized exchanges (CEX). One of these features is the ability to place limit orders, which gives DEX traders greater flexibility and efficiency. This article examines the characteristics of the existing limit order and their implementations.
Unlike a market order, which is executed immediately with a potential slip in the final market price, a limit order is executed at a predetermined price as soon as it arrives. Market orders are used by default in all DEXs based on automated market makers. They are simple and straightforward for beginners. It is guaranteed that a market order will be executed or failed due to parameters such as maximum price impact.
Anton Bukov He is the founder of 1inch Network, a distributed network of decentralized protocols. Anton worked as a C ++ developer and iOS developer and later helped with MultiToken, NEAR and Synthetix crypto projects. Anton also hosted a YouTube session, CryptoManiacs. At a 2019 hackathon, Anton and Sergej Kunz, the ultimate co-founders of the 1inch Network, developed a prototype cryptographic exchange aggregator that became the basis of the entire network.
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