📁Guide to Limit orders

What is a Limit Order? (Soon features)

A limit order is a type of trade that executes an automated buy or sell instruction for a token at a specific price. Traders use this when they have a target price in mind and are prepared to wait for the market to match this price.

How are Crepe's Limit Orders Unique? Crepe will be one of the first Decentralized Exchanges (DEXes) to implement fully on-chain 'maker style' limit orders.

What does 'Maker Style' mean?

Maker-style limit orders are orders that add liquidity to a Liquidity Book Pool. These orders are referred to as "maker" orders because they "make" liquidity by being available for takers to execute against. These limit orders allow traders to set up trades that execute without incurring fees and with no price impact.