Limit Orders
Last updated
Last updated
BaseBank has introduced a refined gasless limit order functionality, elevating the trading experience for users. This enhancement includes optimizations in the execution mechanisms for limit orders, significantly enhancing their efficiency.
In addition to our existing RFQ (Request for Quote) feature, we have seamlessly integrated an AMM (Automated Market Maker) mechanism to access superior price quotes, surpassing the offerings of any other DEX or aggregator. This combination of mechanisms, coupled with BaseBank's extensive liquidity aggregated from nearly all major DEXs, results in a remarkable increase in the fulfillment rate of limit orders. This enhancement empowers users to capitalize on even the smallest trading opportunities with ease.
Furthermore, it is noteworthy that our limit orders do not lock users' tokens upon placement. However, in cases where insufficient funds are available after order creation, the order will not execute. Additionally, users are exempt from the responsibility of bearing gas fees for order creation or cancellation.
Our upgraded limit order system now extends its support to all listed tokens across our 11 supported chains, which include Ethereum, BNB Chain, Base Mainnet, Fantom, Polygon, Optimism, Arbitrum, Cronos, Gnosis, Moonriver, and Harmony. Users can now access limit orders for all token pairs, including those without existing pools. Our sophisticated routing algorithm intelligently identifies the most efficient paths for swaps, even in scenarios where a pool is absent on a DEX for the desired pair.