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Pushing DeFi Boundaries:
Swapr Integrates with CoW Limit Orders

Pushing the bounds of decentralized trading, Swapr has integrated with CoW Protocol Limit Orders. Coupled with Swapr’s decentralized front end, this integration gives users access to the most secure and comprehensive Limit Order offering on the market today.

Beside giving users all the usual benefits, what really sets CoW Limit orders apart is its ability to provide users with an additional 4 distinct features:

What is a Limit Order?

A limit order is an order to either buy or sell a specific token for another token, at a specific price or better, that remains open for the specified time period or until the order is filled. So a buy or sell limit order will be executed at the limit price or better.

It is important to remember, a limit order guarantees the price, but not the filling, the quantity condition, of the order. What this means is: the order will execute at the specified price or better, irrespective of the related quantity on offer to fill that order. In the event that the quantity condition of the order can not be immediately satisfied, the order will remain open until the order is filled or the expiration date is reached.

If the quantity condition of the order is not satisfied prior to the expiration of the limit order, the order will be considered partially filled (or partially executed).

Please note: Currently CoW Protocol only supports fill-or-kill limit orders. With fill-or-kill limit orders, the order is either executed in its entirety, or not at all. Partially filled orders are on the horizon and will be supported in the future.

How to place a Limit Order

Limit Order Explainer Image

Items 3, 4 & 5 in the list below have been marked in yellow on the diagram above to clarify where these actions need to take place:

And you’re done! Limit order placed.

Please note: your funds are not locked after placing a limit order. You can place as many orders as you like no matter what balance you hold in your wallet. CoW Protocol will simply stop filling your orders once you run out of tokens and resume filling the orders once you replenish your wallet.

How you pay virtually no fees?

What truly makes CoW Protocol stand out? Giving users the ability to place or cancel as many orders as they like, absolutely free. They do this through their unique fee structure and the way in which they fill the orders. By utilizing numerous decentralized AMMs, Aggregators and so forth, they create liquidity pools from which to fill orders. Only once the order executes is a fee charged and this is only to cover the transaction fee for the liquidity pool.

CoW Protocol takes no fee for itself. It collects its fees from the surplus it generates from within these liquidity pools when orders execute. So with this unique fee structure they ensure that traders always get the token amounts they ordered at the limit prices they have set or better, and with minimal fees.

Reasons your order has not been filled?

As with all trading, nothing is guaranteed and there are a number of reasons that Limit Orders do not fill. We have listed the most common reasons here in the hopes of assisting your decision making process when placing your limit orders.

Disclaimer: The content in this article is purely informational and intended to help users navigate Swapr and the features available in the user interface and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. Swapr, DXdao, their affiliates, agents, directors, officers, contributors or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

About Swapr: Swapr is a multi-chain automated market maker (AMM), deployed on Ethereum mainnet, xDai, and Arbitrum. Swapr is the first AMM to allow for adjustable swap fees through governance, as well as the first DAO deployed DeFi protocol on Ethereum; developed organically within the DXdao community.

Connect with Swapr: Discord, Twitter, Telegram

Connect with DXdao: Discord, Twitter, Telegram, Keybase, DAOtalk Forum



Swapr is a multi-chain automated market maker (AMM), deployed on Ethereum mainnet, Gnosis Chain, and Arbitrum. Swapr is the first DAO deployed DeFi protocol on Ethereum; developed organically within the DXdao community.

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The DXdao is a decentralized organization, owned and operated by the community. It develops, governs, and grows DeFi protocols and products.