Brought to you by Sovryn
May 3, 2022
Welcome to the latest installment of the Sovryn release notes! We’ve got a bunch of product updates to share with you. Whether you see yourself as a novice trader or perhaps a bit more experienced, we’ve no doubt you’ll find this latest round of feature updates useful.
The Sovryn dev teams have been very busy upgrading various aspects of the trading user interface to give you a more efficient and intuitive trading experience.
Let’s dive in, shall we?
This is a big one, and one that we know you've been waiting patiently for. A limit order is a request, set by you, to buy or sell an asset at a predetermined price. Unlike a market order, which executes immediately after it’s placed, a limit order will only execute when the asset reaches the price you set. As an added benefit, you’ll likely be able to sleep a little more soundly at night knowing that you’ve bought the dip or banked some profits!
As any trader will tell you, the ability to act fast is a necessity! A brand new email notification system will keep you updated on your trades, including the new limit order fills, when you’re on the go.
Let’s face it. Nobody likes margin calls or liquidations. By subscribing to email notifications, you’ll give yourself some breathing room to monitor and stay on top of your open positions. The new email notification system has been designed with privacy in mind and you can unsubscribe from the notifications at any time. Importantly, the new notification service update allows for more notification types to be added in the future.
Keep tabs on market sentiment with the new ‘recent trades’ table.
In the ‘never pleasant’ event of a margin liquidation occurring, a new Details section will allow you to view the history of events related to a given position. You’ll be able to keep track of info such as Closing Price, Position Change and the time of liquidation.
The trading price summary bar now allows you to monitor up-to-date price action at a glance and includes useful figures such as recent asset prices and percentage change.
A redesigned Order form and Confirmation modal provides a more unified experience where you can select your Slippage Tolerance while placing your order and then simply preview and confirm the trade.
As part of our ongoing UI improvement initiative to give you a more enjoyable and familiar trading experience, we’ve updated the trading pair selection menu - which now includes the ability to save favorites!
An improved history table allows you to easily keep track of your recent trades, including limit orders.
Everybody loves ‘free alpha’, amirite?
Well, we’ve added a new and improved Arbitrage Opportunity promotional banner to give you a heads up on arb opportunities that will also help balance the Sovryn automated market maker (AMM). So, it’s a win-win.
In advance of the mainnet launch of Sovryn Perpetuals, we’ve added support for depositing to the bridge directly from FastBTC, so you could, for example, deposit BTC via FastBTC and receive BTCs directly on BSC without having to make a separate transaction on RSK.
And that hereby concludes this product update. As you can see, the team has been busy!
We’re always on the lookout for new talent. So, if you’d be interested in getting involved in Sovryn, please head on over and check out our open positions page on the wiki!
Stay Sovryn
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