Trade on the order books

Loopring is more than just an AMM. It is also an order book DEX. So if you rather β€˜trade’ a pair on the books rather than the pool, head over to the β€˜Trade’, tab at top and then select β€˜Order Book’

There you will see the familiar order book layout, displaying bids and asks, a price chart, price history, etc.

Sometimes the order books has different asset pairs than the AMM pool. Especially stablecoin to stablecoin pairs.

The orderbook supports limit orders, meaning you can state the price you want to buy or sell at, and leave it resting on the books. Someone can then come along and fill your order. This way, you are guaranteed to get the price you want.

The order book also supports market orders, meaning you can buy or sell at the prevailing best ask or bid. It is important to note that when making a market order, you don’t have control over the price that you will pay β€” the order will fill with the best available liquidity there is.

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