A limit order is an instruction to buy a token only when it drops to a specific price โ so you're not paying more than what you decide is fair.
With our embedded wallet system, you can create a limit order, walk away, and let the backend handle all price monitoring and execution.
Our limit order system works off-chain and securely, with no need to lock tokens into a smart contract.
โ Advantages:
๐ก The backend checks token prices regularly and executes the swap on your behalf when conditions match.
You want to buy $MEME when it drops to $0.003
- Current price = $0.004
- You set a limit price of $0.003
- You specify an amount of 0.1 HYPE to swap
- Once $MEME hits your limit, the order is executed on-chain
This is the token you'll spend (e.g. HYPE).