Limit Orders v2 includes more features and flexibility. Limit Orders v1 is a simpler version based on pool prices.
- Limit Orders v1:
- Triggers are based only on the pool price between two tokens.
- Stop Loss and Take Profit are not supported.
- You cannot set orders below the current market price.
- Output amounts are guaranteed because they follow pool pricing.
- To change an order, you must cancel and create a new one
- Limit Orders v2:
- 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.
- You can set triggers using the token’s USD price or market cap.
- Take Profit and Stop Loss are supported.
- You can set both TP and SL on the same position. When one executes, the other is cancelled.
- You can edit an existing order without having to cancel it.