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Limit order protocols offer more flexibility and efficiency to DEX traders By Cointelegraph

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As decentralized exchanges (DEXs) evolve, their functionalities grow to be an increasing number of superior, typically matching these of centralized exchanges (CEXs). One such performance is the flexibility to position restrict orders, which presents extra flexibility and effectivity to DEX merchants. This text seems to be on the current restrict order options and their potential implementations.

In contrast to a market order, which is executed instantly on the final market worth with potential slippage, a restrict order is executed at a predefined worth as quickly as it’s reached. Market orders are utilized by default in all automated market maker-based DEXs. They’re easy and easy for rookies. A market order is assured to be executed or fail attributable to parameters, comparable to the utmost worth impression.