No-Slippage Limit Orders

Overview

The Limit Orders feature on Neptunel provides users with a seamless, efficient, and slippage-free trading experience. By allowing users to define specific parameters for their trades and leveraging the liquidity of the entire Swell ecosystem, the system ensures precise execution at the desired price points, rivaling the experience of centralized exchanges (CEXs).

How It Works

• User-Defined Parameters

Price: Users specify the exact price at which they want to buy or sell a token.

Quantity: Users define the amount of tokens for the trade.

Expiry: Users set an expiration time for the order, ensuring it is auto-canceled if not filled within the specified duration.

• Real-Time Order Tracking

The system continuously monitors the order details and tracks token prices across Swell’s decentralized exchanges (DEXes).

It ensures the order status is updated in real-time, giving users full visibility of their trade progression.

• Automated Execution

When market conditions align with the user-defined parameters (price and quantity), the system automatically executes the order.

This eliminates the need for constant manual monitoring by users.

• Smart Order Splitting

For large orders, the system intelligently splits the trade into smaller parts.

This ensures the order is fully filled by utilizing liquidity from multiple sources, minimizing the risk of slippage.

• CEX-Like Trading Experience

The Limit Orders feature delivers the efficiency and user-friendliness of centralized exchanges by accessing deep liquidity from the entire Swell ecosystem.

It ensures trades are executed at optimal prices with zero compromise on speed or cost efficiency.

Use Cases

• Price-Sensitive Trades: Ideal for traders looking to capitalize on specific price points without incurring slippage.

• Large Trades: Smart order splitting ensures full execution without impacting token prices significantly.

• Passive Trading: Users can set and forget their orders, letting the system handle execution.

By combining precision, automation, and deep liquidity, Neptune's Limit Orders redefine decentralized trading, providing a robust and reliable alternative to centralized exchanges.