Limit Orders (Recommended)
Place trades that get automatically filled at specific prices or better, and no longer worry about price execution or slippage.
Limit Orders guarantee your assets won't be traded at a worse price than what you specified and agreed on with your team members.
They are well suited for Squads users as they do not need to be executed right away like Instant Swaps. With Limit Orders there are no surprises or failed executions. Especially ideal when trading large amounts during volatile markets.
How to place Limit Orders directly from your Squads account?
Go to either the "Treasury" or "Dashboard" Page.
Find the "Trade" icon and click on "Limit Order" to open a swap pop-up.
Choose the account from which you want to place the Limit Order.
Select the pair you wish to trade (e.g. USDC for SOL) and the amount.
Platform fee: Note that for any Limit Order placed from Squads, a 0.2% fee occurs
Launch the transaction. Once the transaction reaches the confirmation threshold and is executed, the Limit Order will be open and filled as soon as the set price is reached.
Please note that if you trade a token that hasn't been deposited into your Squads account before (for example, swapping SOL to HNT), you will need at least 0.003 SOL in your account. This amount will be used to cover the cost of creating ATA for the newly deposited token.
Manage Open Limit Orders
When not completely filled, Limit Orders placed from Squads will remain open until the price you have set is reached.
Open Limit Orders can be canceled in the Limit Orders section under the Dashboard page in the Squads app.
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