HydraSwap introduces several new rule based order type

Published on: 12.08.2021

HydraSwap introduces several new rule  Based Order Type that will enable traders to achieve greater automation and improved price slippage while executing trades. 

IF-DONE Orders:

Rule based orders.

  • E.g. leave a BUY ETH/USD order at 2500, if that gets DONE then create a limit order to sell your position at 3000.

Loop Orders:

Introduce a new order type that will enable traders to create looped IF-DONE orders.

  • E.g. leave an order to buy at 2500, if it is done then create a limit order to sell at 3000. Run this in a loop!

TWAP (Time weighted average price) Orders:

Want to execute a large order over a long period of time?

  • Use TWAP order to execute large trade in small chunks over a period of time. This will allow the AMM liquidity to replenish & execute with a lower price slippage.

Sliceberg Orders:

Split a large trade into smaller chunks.

  • Their smart-order engine optimizes the order execution in small chunks. The optimizer creates a series of orders to achieve the best possible execution while allowing for liquidity to replenish

ABOUT HYDRASWAP

HydraSwap is a cross-chain DEX on Solana providing CEX-level trading, supported by a game changing HMM core and powerful multi-module components. The next generation DEX provides cross-chain asset management solutions to traders and liquidity providers (LPs). By creating a seamless cross-chain infrastructure and implementing a game changing market making algorithm, HydraSwap aims to serve the DeFi community in a whole new way as an interconnected ecosystem.

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