Limit Orders
Last updated
Last updated
On October 23rd, 2023, limit order functionalities were introduced for all bond markets. However, this feature is only available for markets that have chosen one of the following quote assets:
USDC
WETH
OHM
DAI
WBTC
tBTC
USDT
wstETH
CRV
FRAX
frxETH
CVX
LUSD
rETH
AURA
DOLA
cbETH
BAL
Limit orders allow bonders to pre-set a bond transaction with a specific price and expiry. When conditions are met, the transaction executes. This feature enhances the bonder experience, boosts competition, and improves order visibility within issuer markets.
They also help issuers gauge demand as orders can be placed after a market is scheduled, but before it starts.
Limit orders employ a hybrid on-chain and off-chain system that provides several key benefits to users. Off-chain services store approved limit orders, monitor market data, and execute orders for bonders, which enables gasless purchases, protection against MEV, and free order cancellations. Additionally, the system uses to review your off-chain limit orders so they can’t be seen by other market participants. For more information, view our .
Is there a specific configuration needed during market deployment to activate limit orders?
No. Limit orders are automatically available as long as the chosen quote asset is within the list provided above.
Why are limit orders only available for markets with specific quote assets?
Limit orders are limited to markets with specific quote assets because the chosen quote token is used to cover the gas costs associated with transactions.