Native Documentation
  • introduction
    • What is Native
    • About Native V2
    • Benefits for Key Players
  • SOLUTION
    • Native Credit Pool
    • Native Swap Engine
  • CONCEPTS
    • Orderbook
    • Firm Quote Orders
    • Auto Sign Orders
    • Swap Fees
    • Slippage
    • Base and Listed Assets
    • Single-Sided Liquidity Pools
    • Total Available Liquidity
    • Liquidity Pairing
    • Liquidity Bootstrapping
    • Health Ratio
    • Earning Fees and Incentives
    • Credit-Based Swap
      • Collateral Factor
      • PMM Credit
      • Settlement and Liquidation
    • Market-Responsive Pricing
    • Risks
  • USER GUIDE
    • Add Liquidity
    • Pair Liquidity
    • Claim Rewards
    • Swap with Native
  • Build with Native
    • Swap Aggregators
      • Guide
      • FirmQuote Swap APIs
        • GET Orderbook
        • GET Indicative quote
        • GET Firm quote
    • Asset Issuers
      • For Pegged Assets
      • For General Assets
  • Resources
    • Addresses
    • Audits
    • Github
    • System Status
    • Business Source License
    • Media Kit
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  1. CONCEPTS

Market-Responsive Pricing

Native Swap Engine is powered by Market-Responsive Pricing from the private market makers. PMMs acturately and promptly price each token on market risk, conditions and inventory exposures. Due to the nature of this pricing mechanism, it sources liquidity from various onchain DEXs, CEXs and/or direct redemption channels, ultimately responding to the real market.

There are two ways to fetch pricing from Native Swap Engine:

Orderbook with auto-sign

An orderbook endpoint is provided to return the best pricing for each swap pairs. The levels are representing the amount of available liquidity at different price levels.

Some orderbooks offer additional fields for auto-sign orders, allowing swappers to submit swap orders which will be signed, and executed in a low latency, high success rate manner.

Quote Request

A backend API call is also provided to return a quote, along with a signed, executable calldata for any given swap orders.

If the quote is favourable, simple take the calldata and execute before the expiration timestamp to complete the swap.

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Last updated 4 months ago