Introducing Gelato’s Limit Order Library: DEX (Limit) SellsAlthough commonplace on Centralized Exchanges, Limit Orders have yet to reach wide adoption from Decentralized Exchange platforms. The reason DEX UIs have been lagging behind on implementing this feature is deeply rooted in the limitations of the EVM that make it hard to automate users' trades while also upholding DeFi’s core tenet of being non-custodial.
Gelato has researched and shipped systems to work around the EVM’s trustless automation limitations, without giving up user’s self-custody, since 2019. Yet to date, even AMMs such as Uniswap still offer no native Limit Order capability in the pure sense on their own UI. Many users on AMMs are still only presented with the option to go and buy at the current market rate, although it is worth mentioning that some of the bigger aggregators, such as 1inch, have made advancements on this front.
Gelato now sets out to obliterate this barrier for Decentralized Exchange developers with our brand new limit-orders-lib and limit-orders-react npm package releases. These two libraries provide an easy one-stop solution for developers to hook up native Limit Orders to their AMM or other DEX of choice — in as little as 10 minutes! The smart contract components of the limit order system have been audited by Certik. The spectrum of tooling the library provides you with ranges from ready-made React Components for the quickest go-live imaginable, to React Hooks and, on the more customizable end, simple methods for interacting with the underlying Gelato Limit Order infrastructure.
Read more:
https://medium.com/gelato-network/introducing-gelatos-limit-order-library-dex-limit-sells-6d1a38ab7cee