<h2 id="header-0"><strong>On-chain limit orders are now live on Trader Joe!</strong></h2><react-video url="https://www.youtube.com/watch?v&#61;WZUw08cGMzk&amp;list&#61;PLBin6iF59G59UnmOy3wCZtQDq9BuRiQui&amp;index&#61;1"></react-video><p></p><p>This innovative feature allows traders to set automated buy or sell orders that execute with no fees or price impact. Trader Joe is one of the first Decentralized Exchanges (DEXes) in the space to implement fully on-chain limit orders.</p><p><strong>This development ensures:</strong></p><ul><li>No reliance on external oracles</li><li>Your trades have perfect execution</li><li>Swaps with no additional fees or price impact</li><li>Complete decentralization ‘on-chain’ execution</li></ul><p>Unlike centralized exchanges, Liquidity Book doesn&#39;t charge any fees on limit orders. Plus, there is no price impact or slippage on swaps when using the limit order feature making it a highly efficient option for trading. There are two types of limit orders that open up new strategies and offer more flexibility and control for your trading and liquidity providing: <strong>Place Orders</strong> and <strong>Pool Orders.</strong></p><h3 id="strong-place-orders-strong"><strong>Place Orders</strong></h3><p>Place Orders are executed at your chosen specific price point. Your tokens are automatically deposited into a liquidity pool. If your price point is hit, your position will convert to your desired tokens and be held, waiting for you to claim them.</p><h4><strong>Place Order: Buy</strong></h4><p>You can buy the lows by setting a desired price below the current market price. If the price of that asset decreases and hits your target price, and your position is fully filled, your order will execute. Your tokens will then be held, waiting for you to claim.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7cbff05948334a64a5374b8e39cb5bbe.jpeg" /></p><h4><strong>Place Order: Sell</strong></h4><p>By setting a Place Order above the current price, you will automatically sell your tokens once the price point hits. You can claim your tokens from the filled order at any time.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b887b70cd8184313ae9f8cf6232acc41.jpeg" /></p><h3 id="strong-strategies-you-can-deploy-strong"><strong>Strategies you can deploy</strong></h3><h4><strong>Capture Arbitrage</strong></h4><p>By combining two or more Place Orders, traders can run automatic arbitrage strategies. For example, you can set up a Buy and a Sell order to capture stablecoin depegs.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e2675df3c2654e28a4cb75e327b8ac74.jpeg" /></p><h4><strong>Grid Trading</strong></h4><p>Take advantage of the short-term volatility between support and resistance levels. Continuously sell the highs and buy the lows by placing multiple Place Order instructions at defined intervals.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/a59a3ba9f179415fa8a6bf4875aaff4e.jpeg" /></p><h3 id="strong-pool-orders-strong"><strong>Pool Orders</strong></h3><p>Using the Pool Order feature, you can deposit liquidity across a specified range. Your order is filled gradually, as the price moves inside your range. Pool Orders are an excellent way to automate your Dollar-Cost Averaging (DCA) strategy to enter or exit a token, with no fees or price impact.</p><h4><strong>Pool Order: Buy</strong></h4><p>Pool Orders are especially effective for scaling into tokens, particularly when dealing with large positions. They effectively eliminate any price impact you would typically get when swapping.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/580d65339f2a4f4faf97a21d86ca580b.jpeg" /></p><h4><strong>Pool Order: Sell</strong></h4><p>Similar to a Buy, you can set up a Pool Order to automate your exit from a token. This feature is particularly useful with large positions, as there are no fees or direct impact on the price.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/36fce8fb53434d13b399f82f2b9f2f98.png" /></p><h3 id="strong-why-use-limit-orders-strong"><strong>Why use Limit Orders?</strong></h3><p>Both Place and Pool Orders execute trades with zero slippage, taking advantage of Liquidity Book and the fully on-chain architecture. Users are free to combine both Place and Pool Orders with the regular Liquidity Providing (LP) strategies to enhance risk management helping to protect their positions from Impermanent Loss.</p><react-video url="https://www.youtube.com/watch?v&#61;oC_X7rpAMxk&amp;list&#61;PLBin6iF59G59UnmOy3wCZtQDq9BuRiQui&amp;index&#61;2"></react-video><h4>Trader Joe makes DeFi easy and accessible</h4><p>The introduction of fully on-chain Limit Orders is yet another step Trader Joe takes to empower Liquidity Providers and Traders. Now, you can not only trade your favorite tokens at market prices, but also run much more advanced strategies in a safe and permissionless manner. Start exploring this powerful feature and elevate your trading strategies today.</p><p><strong>&#x1f4ca; Trade: <a href="https://traderjoexyz.com/" rel="noopener noreferrer nofollow">Home page</a></strong></p><h4><strong>About Trader Joe</strong></h4><p>Trader Joe is a leading multi-chain decentralized exchange and the inventor of Liquidity Book, the most capital efficient AMM in DeFi. Trade your favorite tokens, access one-click yield farming and shop for the latest digital collectibles at the Joepegs NFT Marketplace. DeFi has never been easier thanks to Trader Joe.</p><p><strong><a href="https://twitter.com/traderjoe_xyz" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://discord.com/invite/GHZceZhbZU" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://traderjoexyz.com/home" rel="noopener noreferrer nofollow">Website</a></strong></p>

Trader Joe: On-Chain Limit Orders

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