📈DEX (Secondary market)

1. Structure & Execution

Lend’s DEX functions as a fully onchain order book, with all orders and trades executed through smart contracts.

Matching occurs in real time: once a buy and sell order align in price, the transaction is executed instantly and settled directly onchain.

Lend does not charge any trading or transaction fees for order execution.

All open orders and recent trades are visible within the app, ensuring full transparency across the market.

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2. Order Types

The DEX supports multiple order types for flexibility and control:

• Market Order

Executes instantly at the best available price in the order book. Ideal for users seeking immediate liquidity.

• Limit Order

Allows users to define a specific buy or sell price. The order will only execute when the market reaches the target price.

• Smart Order

A hybrid between market and limit orders.

When placing a limit order, if matching market orders exist within the set price range, the order will be partially or fully executed automatically.

Any unfilled portion remains active in the order book until it is completed or manually canceled.

• Cancel Order

Users can cancel their open orders at any time before full execution. Once canceled, all locked funds are instantly released back to their wallet.

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3. Transparency & User Control

All orders, prices, and trading history are publicly visible within the DEX interface for maximum transparency.

Users can track live liquidity, manage open orders, and monitor their trading activity directly from their dashboard.