1 00:00:14,230 --> 00:00:19,866 [HOST] Welcome to X1 Report, your source for blockchain news. Today, we're diving into an 2 00:00:19,866 --> 00:00:24,609 innovative feature from XDEX, the main exchange on the X1 blockchain. 3 00:00:24,859 --> 00:00:30,653 [ANALYST] XDEX has introduced two new order types: Limit and TWAP orders. These orders operate in a 4 00:00:30,653 --> 00:00:36,252 way that's quite different from traditional AMM exchanges, offering traders a level of 5 00:00:36,252 --> 00:00:40,027 privacy and control not commonly found on other platforms. 6 00:00:40,277 --> 00:00:45,445 [HOST] These orders wait inside on-chain vaults, execute against XDEX liquidity when their 7 00:00:45,445 --> 00:00:50,986 conditions are met, and hold the proceeds until the trader decides to withdraw them. This 8 00:00:50,986 --> 00:00:54,349 setup is reminiscent of a dark pool, but with a twist. 9 00:00:54,599 --> 00:00:59,497 [ANALYST] The Limit order allows traders to set a target price and have their order executed 10 00:00:59,497 --> 00:01:04,813 automatically when the market reaches it. You can add take profit or stop loss orders and 11 00:01:04,813 --> 00:01:06,247 choose an expiry period. 12 00:01:06,497 --> 00:01:12,231 [HOST] On the other hand, TWAP orders split your order into smaller trades executed over time to 13 00:01:12,231 --> 00:01:18,031 reduce market impact. You can choose the total amount, the interval between suborders, and 14 00:01:18,031 --> 00:01:19,384 the number of rounds. 15 00:01:19,634 --> 00:01:27,099 [ANALYST] X1 Report tested these features by placing a TWAP order to sell 5 XNT for USDC.X over 10 16 00:01:27,099 --> 00:01:34,479 rounds, with each round lasting one minute. We also placed a limit order to sell 10 XNT 17 00:01:34,479 --> 00:01:37,618 when the price rises above $0.370037. 18 00:01:37,868 --> 00:01:43,300 [HOST] The process begins with the creation of an order, which moves your tokens into a vault. 19 00:01:43,300 --> 00:01:48,795 The confirmation screen summarizes this transaction, showing the exact amount and timing 20 00:01:48,795 --> 00:01:49,919 of each execution. 21 00:01:50,169 --> 00:01:55,451 [ANALYST] Each fill is executed by an XDEX executor account, not the trader's wallet. These fills 22 00:01:55,451 --> 00:02:00,491 are signed by the executor, ensuring that the order is filled without direct wallet 23 00:02:00,491 --> 00:02:01,220 interaction. 24 00:02:01,469 --> 00:02:06,903 [HOST] The proceeds from these fills stay in the vault until the trader decides to withdraw them. 25 00:02:06,903 --> 00:02:12,336 This means that the wallet shows the tokens as gone and nothing received until withdrawal. 26 00:02:12,587 --> 00:02:18,204 [ANALYST] Withdrawal brings the tokens home and closes the order, along with both token accounts. 27 00:02:18,204 --> 00:02:23,821 The entire process from placing the order to having the USDC.X in the wallet took under 28 00:02:23,821 --> 00:02:24,789 twelve minutes. 29 00:02:25,039 --> 00:02:32,228 [HOST] The Limit order we tested was still waiting when we published, as XNT traded below the 30 00:02:32,228 --> 00:02:34,234 $0.370037 trigger price. 31 00:02:34,484 --> 00:02:40,844 [ANALYST] Both order types are already in heavy use on the X1 blockchain. The TWAP program has 32 00:02:40,844 --> 00:02:47,658 processed 32,929 successful transactions since June, while the limit-order program has had 33 00:02:47,658 --> 00:02:50,762 195 successful transactions since August. 34 00:02:51,012 --> 00:02:56,874 [HOST] XDEX is clearly making significant strides with these features, as well as other upgrades 35 00:02:56,874 --> 00:03:02,538 like multi-hop smart routing and liquidity farms. These pieces compound, improving the 36 00:03:02,538 --> 00:03:04,317 overall trading experience. 37 00:03:04,567 --> 00:03:10,175 [ANALYST] While these features offer a unique trading experience, it's important to note that they 38 00:03:10,175 --> 00:03:15,911 come with certain costs. The executor fee is 0.003 XNT per execution, and thin pools still 39 00:03:15,911 --> 00:03:19,927 move, meaning each slice trades against the current pool state. 40 00:03:20,177 --> 00:03:25,732 [HOST] For more details on these features and how to use them effectively, we recommend checking 41 00:03:25,732 --> 00:03:27,979 out the full article on our website. 42 00:03:28,228 --> 00:03:33,035 [ANALYST] Remember, this is not financial advice. Always do your own research before making any 43 00:03:33,035 --> 00:03:34,053 trading decisions.