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Overview

Private Limit Orders allow you to set a specific price at which you want to buy or sell. Unlike standard limit orders on a DEX, Cloak’s limit orders are not visible on the public order book.

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How it Works

  1. Intent Creation: You specify the limit_price in your intent.
  2. Monitoring: The Cloak Orchestrator monitors the market price off-chain.
  3. Trigger: When the market price matches your limit price (incorporating fees and slippage), the Orchestrator triggers the execution.
  4. Execution: The trade is executed using the standard Instant or Stealth mechanics, depending on your preference.

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Privacy Advantage

Since your order is not on-chain until it executes, other market participants cannot see your buy/sell walls. This prevents:
  • Front-running: Bots cannot place orders just ahead of yours.
  • Price Manipulation: The market cannot react to your pending liquidity.

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Fees

  • Service Fee: 25–40 bps (0.25% - 0.40%)