Orderbook Spot Trading

A spot trade is a financial transaction in which two parties agree to buy or sell an asset at the current market price, with immediate delivery and payment. This means that the price is determined by

In Dexilla, each trading pair, including popular pairs like BTC-USDT and ETH-USDT, has its own smart contract. These smart contracts are responsible for matching orders sent from the Ledger pool and recording any unmatched surplus for future matches.

It's worth noting that since each pair has its own smart contract, the first transaction that generates the contract address for that pair will require a higher amount of gas. As a result, we have categorized trading pairs into two types to make it easier for our users to navigate:

1. An "Official List" trading pair on Dexilla is one that has been either created by Dexilla or verified and approved by our team. Once an Official List smart contract is generated, we upload an image or symbol of the token to ensure its authenticity. This helps to ensure that our users can trade with confidence and peace of mind.

2. Unofficial List, due to its decentralised nature, allows other project developers to independently create and list their own smart contracts, resulting in an unlimited number of trading pairs. However, if the project is not verified with Dexilla contract addresses or symbols, there will be no image associated with it, and users must be aware of the potential risks associated with trading independently.