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Orders — Overview

Status: liveAudience: PublicLast updated: Nov 01, 2025

TL;DR
Place a limit buy or limit sell with funds held in escrow until it fills or expires. Use Escrow Orders when you want price control, larger blocks, or when an asset isn’t best suited to instant swaps.

Orders — Overview

Place price-controlled buy/sell orders with funds held safely in escrow until the order fills or expires. Ideal for block trades or lower-liquidity names; swaps remain best for instant execution.

Price control Block-size friendly Clear lifecycle

1) What is an Escrow Order?

An Escrow Order is a price-conditional order (similar to a limit order). You choose buy or sell, set a target price, a quantity, and an expiry. Your funds are held in secure escrow until one of three things happens:

  • Filled — market conditions meet your target and the trade executes.
  • Expired — the order times out and assets return to you.
  • Canceled — you cancel while it’s open and assets return to you.

Escrow ensures the assets are there before any execution attempt.

2) When to use Escrow vs Swaps

Use Swaps for instant execution on mainstream symbols. Use Escrow Orders when you need:

  • Price control — set your exact limit price.
  • Block trades — handle larger sizes without rushing the market.
  • Lower-liquidity names — where fills can be episodic.

Both methods can coexist; choose per trade.

3) How it works (user journey)

  1. Create — Pick Buy or Sell, enter size, limit price, and expiry. Confirm that funds will be held in escrow.
  2. Track — Watch status: open → (partial) fill → filled or open → expired/canceled.
  3. Manage — You can cancel while the order is open and not fully filled.
  4. Settle — On fill, you receive what you traded for; any remainder stays or returns depending on your settings and outcome.

4) Settlement & fees (conceptual)

  • On a buy fill, your locked stablecoin is exchanged for the asset at or below your limit.
  • On a sell fill, your locked asset is exchanged for stablecoin at or above your limit.
  • Receipts & records are provided via on-chain transactions viewable in your wallet or block explorers.
  • Fees, where applicable, are displayed up front in the order ticket and on the final receipt.

5) Safety, transparency, and controls

  • Escrowed funds: Assets are held securely while the order is open.
  • Clear status: Orders show simple states (open, partial, filled, expired, canceled).
  • Cancellations: You remain in control while the order is open.
  • Public history: Executions are visible on-chain and summarised in the UI.

6) Visual diagrams​

6.1 High-level user flow (place → escrow → fill/expire/cancel)