Uniswap launches limit order function on the web page without GAS fees

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Cointime2024/02/28 00:43

By:Cointime

Uniswap Labs announced the launch of the most widely used limit order function in DeFi applications. Users can now set limit orders for any ERC-20 token on Ethereum on the Uniswap web application. Limit orders are supported by UniswapX, which utilizes on-chain and off-chain liquidity, does not require GAS fees, and can be set for any exchange size without a minimum requirement.

Limit orders allow users to automatically execute trades based on their expected price without constantly monitoring the market. When placing a limit order, users can set the desired price at which they want to buy or sell tokens within a specific time range.

If the market reaches the price specified by the user and UniswapX's "filler" accepts the user's exchange request, the order will be automatically executed without any GAS fees. If the order is not fulfilled within the user's set time, the order will expire and no fees will be incurred. Users need to pay GAS fees to cancel limit orders.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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