NikaSwap
  • NikaSwap Intro
    • Overview market
    • Get Started
    • Limit Order Mechanism
      • How to place limit order?
      • FAQ
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      • How to make a Perpetual Trade
      • FAQ
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      • Buy a fixed price NFT
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  1. NikaSwap Intro

Limit Order Mechanism

PreviousGet StartedNextHow to place limit order?

Last updated 1 year ago

\To help you make better transactions, NikaSwap has upgraded the function to gasless limit. The execution mechanism for limit orders has been enhanced to be more efficient. In addition to the current RFQ feature, we've incorporated an AMM mechanism to find better quotes than what's available anywhere, on any DEX or Aggregator.

With the advantage of both mechanisms combined with Nikaswap's aggregated deep liquidity on most major DEXs, Nikaswap's limit order function greatly increases limit order execution rate, making it possible to users easily secure small trading opportunities.

There are 3 points you need to pay attention to:

  • Our limit orders do not lock tokens from traders when placing orders.

  • If there is not enough money after placing the order, the order will not be fulfilled.

  • Users do not need to pay gas fees to create or cancel orders.

Our upgraded limit orders are now supported on the BNB token. However we aim for limit orders to be supported on all listed tokens available on our 5 supported chains Ethereum, BNB Chain, Avalanche, Fantom and Polygon.

Our routing algorithm will find the most efficient paths for swaps, even if the pool does not exist on the DEX for this trading pair.