Order Types
Different types of orders supported by Polysynth Protocol
Polysynth currently supports market orders (other order types such as limit, stop loss, etc. will be added soon).
Market Order: A market order is an order to buy or sell a given asset at the current market price determined by the VMM engine. Such orders are executed immediately at the best available price.
Market Order requires the following parameters:
  • Side (Buy/Sell) Quantity
  • Leverage: allows in magnifying the position size for the same amount of collateral. Leverage of up to 10X is currently supported on Polysynth
  • Slippage Tolerance: acceptable % deviation from the desired price. The order will not be executed if the deviation is more than the slippage tolerance inputted by the trader
There is an inbuilt price impact threshold of 1.2% where the orders aren’t accepted if the impact on pool price is greater than the threshold. In this case, traders are advised to break their orders into smaller sizes to be within the price impact threshold.
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