MetaLend Trading
MetaLend Limit Orders allow traders to set a price target to execute buy or sell orders. Simply set your price target and we'll handle the rest!
Last updated
MetaLend Limit Orders allow traders to set a price target to execute buy or sell orders. Simply set your price target and we'll handle the rest!
Last updated
You no longer need to take on the risk of using Centralized Exchanges to place limit orders on RON or other Ronin based tokens, you can now use MetaLend's Limit Order feature!
On Chain, Non Custodial and Fully Audited
Gasless - we'll cover all the gas costs associated with the order.
Built on Katana - all orders settle on the DEX owned and operated by Sky Mavis
Here's how limit orders works:
To create a limit order, a user needs to simply click on "Trade" and then go to the "Limit" tab. Once there the user can choose the tokens to swap, set a trigger price (in either the buying or selling token) and set an expiration date for the swap.
For limit orders where you are selling RON for another token, RON will need to be deposited in your RON Limit Order Pool. The RON in this pool can only be withdrawn by your address, if/when your limit order trigger hits the RON from this pool will be used to execute the order. If there is not enough RON in this pool at the time when the trigger is hit, then the transaction will be canceled due to insufficient funds.
For all other tokens, the token won't need to be deposited into a pool - it can stay in your wallet and will be used to execute the limit order transaction as soon as the trigger is hit.
Once a limit order is created, it can be seen on the same page by scrolling down slightly. Here users can filter through all previous limit orders.
Once a limit order is fulfilled, you will receive an email from us with the exact transaction ID and the funds will instantly be deposited in your wallet. You will also receive emails if your limit order is expired or if it fails due to insufficient funds.
Logic contract with the implementation for the proxy.
Main proxy contract, users interact with this contract.
Admin of the proxy - the contract which has the ability to upgrade implementation which is secured by a multi-key gnosis safe.
MetaLend implements tier based fees that vary depending on the trading volume you are executing. Fees are the same across market orders and limit orders.
Tier 1
Orders less than $10,000 in value have a 0.3% fee.
Tier 2
Orders between $10,000 - $50,000 in value have a 0.2% fee.
Tier 3:
Orders over $50,000 in value have a 0.1% fee.
