CivTrade innovates DeFi trading: start multiplying your gains today!
DeFi finally has a platform that offers limit orders with 0 in fees and 0 price impact. In a miniscule amount of time, it has facilitated $3.5 million traded, at an average of $1,700 more per trade compared to traditional DeFi swaps, all thanks to the DeFi world’s first automated order book.
While DeFi eliminates of the need for traditional intermediary institutions such as banks and investment funds, it is hindered by relatively high transaction costs and limited functionality.
With CivTrade, DeFi gains the first automated and decentralized system to execute limit orders with zero price impact and zero fees, all while generating traders fees while their orders are open.
In the traditional finance world, traders monitor “order books”, showing the current market orders sorted by price, from highest to lowest, like below.
To buy or sell instantly, depending on the size of your trade, the execution price can easily be determined. In the example above, up to an order size of $30,249 you can buy BTC at 46102.76 from the first (red) seller in the top part of the orderbook. But if you wanted a larger order size, then the price would grow accordingly; for example an order size of $35,000 would be executed at the maximum price of 46106.29 - more than $3.50 extra per BTC. This is a so-called market order, typically executed instantly at the current market price; that $3.50 price change is the so-called slippage on a centralized exchange.
You could specify a price for your order, but you would have to wait for the market to execute your order. Say you set an order for BTC at $46,100, your order would be placed at the bottom (green) part of the book until someone “agreed” to sell you at that price – only after the buys at higher prices like $46,102.75 were filled. Bear in mind that sellers obviously prefer higher prices. This is a so-called limit order on a centralized exchange: you specify your preferred price, then wait for someone to meet your order at that price point.
Why do professional traders use limit orders?
Prior to CivTrade, all DeFi orders were market orders; the order book functionality simply did not exist. dApps claiming to offer “limit order functionality” in reality were just offering delayed market orders; without an order book, the execution was only what the name stated, “functionality.” Just a regular market trade with all its costs, executed at a later time, but clearly not the same as a limit trade... not the real thing. Traditionally, DeFi only offered basic automation: waiting for a target price, then executing a regular market trade, causing slippage, price impact, liquidity fees and as well as other costs, unlike the efficient array of tools centralized exchanges offer like limit orders.
So the outcome of the new 0-impact trades is significantly different: the larger the trade, the greater the benefit of trading it as a limit order and not as a market order. This was not possible in DeFi until CivTrade. It’s no surprise then that professional traders have typically resorted to limit orders for their larger-sized orders, and lamented the lack of such functionality in DeFi!
Let’s flesh this out a little more concretely in an example:
A trader wanting to exchange 1 ETH for COMP (the Compound token), would gain 8.1% more $COMP with a +$244 value lift from saving the 0.08% in price impact, 0.5% in slippage, and 0.003 ETH in liquidity fees, all while while earning 0.01 ETH in liquidity fees! Plus, they would avoid any risk of being front-run by blasted DeFi bots, ever more present in the daily experience of traders.
With larger trades, the gains could be anywhere from 19.7% to 91.1%. It is therefore not surprising that most professional traders today still prefer centralized exchanges, like Binance.
It is therefore not surprising that most professional traders today still prefer centralized exchanges, like Binance.
What is CivTrade?
CivTrade is the first audited, patent-pending solution for DeFi limit orders. By creating a DeFi order book, CivTrade removes all slippage, liquidity fees, and price impact from each trade done via the new CivTrade dApp.
Through a simple yet elegant user interface, CivTrade lets the trader enter the pair they want to trade and the price they want. It is as simple as entering those three criteria, and enabling access to your wallet. 8 wallet providers are supported, including MetaMask, Coinbase, TrustWallet.
Over 4,000 tokens can be traded on Ethereum, and over 1,000 on the Polygon blockchain. The choice of tradable assets is available from all those with existing liquidity on Uniswap v3, and since the CivTrade smart contract opens a one-sided liquidity pool for each trade, it is centered exactly at the target price. There are 4 steps to every CivTrade:
  1. 1.
    Open a new trade at your preferred price using the dedicated CivTrade dapp
  2. 2.
    The CivTrade smart contract opens a single-sided Uniswap v3 liquidity pool on your behalf
  3. 3.
    Uniswap executes trades with that pool when the market moves to your Target Price, until your position is filled
  4. 4.
    CivTrade’s automated on-chain monitoring, performed by Chainlink Keepers, completes the trade and sends the funds directly to your wallet.
Is CivTrade reliable?
CivTrade pioneered this DeFi innovation, first globally to be recognized with the status of an audited, patent-pending, tried-and-tested product. In its first month, it facilitated $3.5 million in value traded.