# Glossary

**Active Order**

An order that has been submitted to the Darkswap platform and is either waiting to be filled or waiting for a trigger condition.

**Create Order**

The button used to submit your swap order. Disabled if required fields are incomplete or invalid.

**Finalized**

An order that has reached its final state, whether filled, expired, cancelled, or otherwise closed.

**Filled**

An order that has been entirely executed at or above your specified price conditions. The swap has completed and assets have been delivered.

**Limit Order**

A swap order where you define the exact exchange rate (limit price) you’re willing to accept. Executes only if the market can match or beat your rate.

**Limit Price**

The worst exchange rate you are willing to accept for your swap. Used in Limit, Stop Limit, and Take Profit orders.

**Liquidity Pool**

A smart contract vault containing paired tokens, which enables swaps and determines available trading rates on Darkswap.

**Market Price**

The current available exchange rate in Darkswap’s liquidity pools for your chosen tokens.

**Not Triggered**

Orders that have valid trigger conditions but have not yet met the required market rate to activate.

**Open**

Orders that are active and waiting for one of the following: a trigger event, liquidity, or successful swap matching.

**Order Book**

The collection of all user swap orders (Limit, Stop Limit, Take Profit) pending execution on Darkswap.

**Order Status**

Labels for order progress: Open, Not Triggered, Pending, Cancelled, Filled, Finalized, Settled.

**Pending**

Orders awaiting processing, confirmation, or sufficient liquidity before moving to another status.

**Rate**

The price or amount of Token B you will get for swapping Token A, as expressed in Limit, Trigger, or Market prices.

**Service Fee**

A small fee charged by Darkswap for facilitating each swap, shown at order creation.

**Settle/Settled**

The process/state where a filled order has been confirmed and final balances transferred to your wallet.

**Stop Limit Order**

An automated order type that triggers a limit order at your defined price once a “trigger” (stop) rate is reached.

**Swap**

The core action on Darkswap: exchanging one token for another at a specified rate.

**Take Profit Order**

An order type that triggers when the market reaches a target rate, placing a limit order to automatically realize profits.

**Time in Force**

Indicates how long your order remains active (e.g., “Good till cancelled,” meaning the order will persist until filled or cancelled by the user).

**Token**

A digital asset traded on Darkswap, such as SepoliaETH or MockUSDC.

**Trigger Price**

The threshold price that activates your Stop Limit or Take Profit order, prompting it to be placed in the order book.


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