Question 1

What is RUJI Trade?

Accepted Answer

RUJI Trade is Rujira's orderbook DEX that allows you to trade cryptocurrencies using Market Orders, Limit Orders more advanced orders types to give you full control over your trades. Unlike many DeFi platforms that rely only on automated market makers (AMMs) , RUJI Trade uses a traditional orderbook system similar to centralized exchanges. This means traders can place precise buy and sell orders at specific prices. RUJI Trade allows users to trade supported assets while maintaining full custody of their funds, since all trades happen directly from your connected wallet. You can access RUJI Trade. Quick definitions Orderbook DEX: a decentralized exchange that uses an orderbook system where buyers and sellers place orders that match with each other. Automated Market Maker (AMM): a trading system where swaps occur against liquidity pools instead of matching buyers and sellers directly.

Question 2

How is RUJI Trade different from a typical AMM DEX

Accepted Answer

Most DeFi platforms use monolithic AMM DEX, where trades occur against liquidity pools exclusively. RUJI Trade instead uses an orderbook model, where traders place buy and sell orders that are matched with other traders or AMM strategies. The AMM strategies are built on top of the orderbook, which acts as an intent matching engine between various liquidity sources and strategies. This approach allows for: More precise price control The ability to place Limit Orders Better trading strategies for active traders, including one click algorithmic strategies available directly from RUJI Trade Because RUJI Trade is integrated with Rujira's ecosystem, it can also interact with liquidity strategies and automated market making systems.

Question 3

What is a Limit Order?

Accepted Answer

A Limit Order allows you to buy or sell an asset at a specific price you choose. For example: If Bitcoin is trading at $60,000 and you place a limit buy order at $58,000, your order will only execute if the market reaches that price, and you will receive exactly the price you requested. Limit Orders give traders more control over when and how their trades are executed.

Question 4

What is a Market Order?

Accepted Answer

A Market Order executes immediately at the best available price in the orderbook. Instead of choosing a specific price, a Market Order simply buys or sells using the available liquidity in the orderbook. Market Orders are useful when you want to execute a trade quickly.

Question 5

Which trading pairs are available?

Accepted Answer

RUJI Trade supports multiple trading pairs using assets available within the Rujira ecosystem. Examples include pairs involving: BTC ETH USDC SOL XRP BNB TRX DOGE USDT RUNE Full list available here The available pairs may expand as new chains get connected to THORChain and new assets are added.

Question 6

Does Rujira has custody of my assets?

Accepted Answer

No. RUJI Trade is non custodial , which means your funds remain in your wallet or in smart contracts until a trade is executed. When placing orders, assets are temporarily reserved by the protocol but remain controlled by your wallet. Quick definitions Non custodial: a system where users maintain control of their private keys and funds instead of depositing them into a centralized platform.

Question 7

What fees are charged on RUJI Trade?

Accepted Answer

RUJI Trade has competitive trading fees for all the different order types. The fees show in the order summary and you can review them before approving your transaction in RUJI Trade. Typically, RUJI Trade charges a 15bps fee for taker orders, 7.5bps for limit and tracking orders, and 2.5bps for algorithmic strategies built into the protocol. These fees help support the Rujira ecosystem and are distributed to RUJI stakers and THORChain node operators.

Question 8

Can I provide liquidity on RUJI Trade?

Accepted Answer

Yes. RUJI Trade provides non custodial algorithmic strategies that can be configured with a tight spread for automated market making, or with a wider spread to act like a grid bot. All those strategies provide liquidity to the orderbook. These strategies help ensure that markets remain liquid and that traders can execute orders efficiently. Algorithmic strategies allow anyone to provide capital to the markets and earn a profit by trading volatility, democratizing access to market making and systematic strategies.

Question 9

Who is RUJI Trade designed for?

Accepted Answer

RUJI Trade is designed for both: Beginner traders who want a simple trading interface Advanced traders who need more precise order control Anyone who wants to benefit from algorithmic strategies trading 24/7, available from a simple interface with pre set options for beginners and full customization for advanced traders Because it uses an orderbook system, RUJI Trade provides tools that many traders are already familiar with from centralized exchanges. It also provides novel algorithmic trading tools that are easy to use and not available on any other exchange. At the same time, it maintains the benefits of decentralized finance, including self custody and transparency.

Common Questions, Clear Answers

RUJI Trade Orderbook DEX

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