Order Book
MySocial's order book provides Central Limit Order Book (CLOB) functionality for trading MySo against USDC, serving as the primary gateway for cross-chain asset movement and price discovery.
Core Functionality
The order book operates entirely on-chain, matching orders based on price and submission time. Supported order types include:
Market orders
Limit orders
Other standard order types
Trading Mechanics:
Price-time priority: orders matched based on price first, then submission time
Immediate settlement: trades settle instantly on the blockchain
Real-time updates: full CLOB functionality
All transaction fees paid in MySo tokens
Trading Pairs
Currently, the primary trading pair is MySo/USDC:
Base Asset: MySo (MySocial native token)
Quote Asset: USDC (USD Coin)
This pair is central to the ecosystem, enabling users to trade MySo for USDC and vice versa. Real-time price discovery establishes MySo's market value, and the focus on a single pair builds deep liquidity and simplifies the trading experience.
Bridge Integration
The order book acts as the main bridge interface for MySocial, with USDC serving as the gateway currency. Cross-chain asset flow works as follows:
Entry: Users bridge USDC from other chains (Ethereum, Polygon, etc.) to MySocial
Exchange: Bridged USDC can be immediately traded for MySo on the order book
Exit: MySo can be traded back to USDC, then bridged to other blockchains
Accessibility: Immediate trading availability after bridging operations
Bridge Currency Role:
Multi-chain support: compatible with USDC across multiple blockchain networks
Stability: dollar-pegged asset reduces volatility during cross-chain transfers
Liquidity: established USDC markets enable efficient value transfer
Integration: seamless connection between MySocial and broader DeFi ecosystem
Economic Role
The order book is essential for establishing MySo's utility and value:
Primary trading: MySo/USDC provides the main trading functionality for the native token
Transaction fees: all order book operations require MySo for blockchain fees
Bridge operations: MySo needed for cross-chain transaction execution
Value establishment: order book trading establishes MySo's market price
Ecosystem Function
As the primary entry and exit point, the order book underpins MySocial's cross-chain ecosystem. It enables price discovery, liquidity provision, and interoperability with other blockchains, supporting the growth and stability of the platform.
The MySo/USDC order book provides the foundational trading and bridge infrastructure that enables MySocial's cross-chain ecosystem while establishing clear price discovery for the native token.
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