Hi, how do limit orders work exactly (are other 1inch

Question

Hi, how do limit orders work exactly (are other 1inch

users tapping into the order and manually executing them, or does 1inch monitor prices on other AMMs and execute order whenever the price matches the limit order)?

#1inch #blockchain #cryptocurrency #english

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05.05.2022

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Penguin Antarctica Автор вопроса

Sherie I serv.eth
The limit orders are not bid through an AMM, inste...

Thanks for this explanation.

0

05.05.2022

Sherie I serv.eth · Accepted Answer

The limit orders are not bid through an AMM, instead they're offered to users doing market orders on 1inch or bots via the Limit order protocol API (https://docs.1inch.io/docs/limit-order-protocol/introduction)This means that if you're the best rate on the market, someone using 1inch market swaps would get your order first, then anything else to fill the rest of their sell. or A bot could see your order buy a token at market rate on an AMM and sell to you above market rate for a profit. Additional resources here: https://help.1inch.io/en/articles/4656415-how-to-place-a-limit-order-on-1inch

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Hi, how do limit orders work exactly (are other 1inch

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