Benefits
CivTrade introduces traditional limit orders to the world of DeFi, enabling improved trading performance
CivTrade introduces traditional limit orders to the world of DeFi, where trading can still be complex even for the most experienced traders. A DeFi swap before CivTrade was like a market order, whereas CivTrade is that, plus the limit order from the traditional finance world that many traders already know and love.
Civilization aims at making DeFi trading accessible to everyone, but buying tokens on a decentralized exchange (DEX) may be confusing at first. There are no order books, bid-ask spreads, or any of those other familiar tools usually found on centralized exchanges (CEX).
When using DEXs every transaction is subject to market price volatility, price impact from each trade, as well as slippage, liquidity fees and the risk of front running. Therefore there are both visible and invisible costs associated with executing a DeFi trade.
Last modified 1yr ago