What is the difference between Limit order v1 and v2?

Limit Orders v2 includes more features and flexibility. Limit Orders v1 is a simpler version based on pool prices.

  1. Limit Orders v1:
    1. Triggers are based only on the pool price between two tokens.
    2. Stop Loss and Take Profit are not supported.
    3. You cannot set orders below the current market price.
    4. Output amounts are guaranteed because they follow pool pricing.
    5. To change an order, you must cancel and create a new one
  2. Limit Orders v2:
    1. V2 prioritises executing the order with minimal slippage when the price trigger of the selected token is hit. The exact output amount is hence not guaranteed.
    2. You can set triggers using the token’s USD price or market cap.
    3. Take Profit and Stop Loss are supported.
    4. You can set both TP and SL on the same position. When one executes, the other is cancelled.
    5. You can edit an existing order without having to cancel it.