💧Liquid Orders

When using a conventional Dex, any orders placed require that users lock the assets being traded at a smart contract address. While there, it may only be used to satisfy the relevant order and until this transaction is executed those funds effectively remain outside of the owner's custody. If the order is unable to be executed, due to a lack of liquidity or being outside of the parameters of the request (eg. slippage tolerance) then the user has to perform an additional transaction to cancel this order, incurring network fees. By leveraging the separation of concerns made possible by the Smart Account, Pondora allows users to create any number of independent orders referencing the same assets without the user having to relinquish custody until the very point the transaction is executed. Liquid orders therefore exist as distinct on chain structures that users may manage at scale, for minimal network fees or in some cases completely off chain (see Off Chain Intents ).