⚔️ Octane Vs Other Platforms
Octane's limit order model is very different from how 1inch, 0x are solving limit orders.
Name
Octane
1inch
0x(Matcha)
Decentralized
Executor Network
Centralized
Database
Relayer
Network
Liquidity
AMM
Aggregation
Taker
Taker
Order Rewards
APY on
limit orders
NA
NA
Order Execution
Guaranteed*
No Guarantee
No Guarantee
1inch has a centralized database server to place and manage limit order (read more here: https://help.1inch.io/en/articles/4656415-how-to-place-a-limit-order-on-1inch). 0x uses a network of relayers to fill an order.
Both platforms work on a maker-taker model to place and fill the limit orders. Each maker has to wait for the taker to fill the order. This means even if the limit price is reached and there is no taker, then the order will not be executed.
Octane does not use a maker-taker model for limit orders, instead, we get execution liquidity from DeFi AMM's.
We wanted the limit order execution to be at most priority and hence have built a model in which the order does not have to wait for a taker if market conditions meet limit order conditions.
The key differences and advantages Octane has over 1inch or 0x or both are as follows:

Decentralized

Octane limit orders are not placed on any centralized database. Order is placed via interaction with Octane's smart contract and executed via a network of executors.
Our existing decentralized network of executors ensures order execution happens. Even if a single executor has blacklisted a particular order and denies execution of the same, there is always some other executor waiting to execute the order and collect rewards for it. As long as the order fee rewards are greater than the executor's gas fee, there will always be a financial incentive to execute the order.

Best Liquidity

As AMM's liquidity pools have the most locked-in assets in DeFi, this helps fuel greater liquidity increasing the chances of successful order execution from Day 1 for the protocol to be usable.
Order aggregation can be done across multiple AMM's to further increase the liquidity and efficiency of the order execution.

Rewarding

Limit order funds are sent to the lending protocol to generate APY till the limit order conditions are met.

Best Order Execution

No issue of lack of funds in the user wallet as the limit order assets are already locked inside Octane (generating an APY on the limit order assets).
No need to wait for a taker to execute the order. Order is filled with a liquidity provider pool of any AMM.
Last modified 3mo ago