OVAL Exchange - a next generation cross-chain protocol decentralized exchange.
Contents:
About OVAL Exchange
The developers of OVAL Exchange believe that the development direction of DEX is not only to surpass CEX, but also to create a decentralized derivatives exchange that can meet the needs of traders in all aspects, meet the needs of cross-chain DeFi and completely surpass CEX so that the industry can develop more in a fair way. The team aims to build the most powerful decentralized derivatives exchange on Binance Smart Chain to address issues such as high transaction fees and low trading efficiency, experienced on the ETH network.
In order to provide a low enough threshold for ordinary users to participate regardless of the amount of capital and save the high cost of GAS, the BSC network was chosen, and the technical team members spent a lot of time studying the Layer 2 mechanism, and completed the study of the order mechanism in BSC networks finally.
Distinctive features:
| Price chart | With the oval candlestick price chart, users can view intraday historical prices or change the time frame to daily, weekly or monthly. |
| Trading sidebar | On the trading sidebar, you can select position mode, margin mode, order types and adjust leverage up to 50X. |
| Order book | The order book shows the current open orders. For both the supply side and the sell side, it displays the price, size and currently available amount. |
In the positions section, users can view their current positions, open orders, history of orders, trades, transactions and assets on the Oval Exchange. Users can check their unrealized PnL (uPnL), estimated liquidation price, margin ratio and other information for their current positions. Users can also close their positions directly in this window, using a market or limit order.
Exchange commissions
When you place an order that is immediately fully filled (such as a market or stop order), you are the "taker" and pay the "taker" fee for doing so. The idea is that you "take" the price you want right now, typically by buying or selling limit orders that are on the books. In this case, the commission is 0.0700%. Meanwhile, when you place an order that does not fill immediately (such as a limit order), you are the "maker". You can expect a smaller "maker" fee for this (0.0200% ).