Glossary

Active Order

An order that has been submitted to the Dark Swap 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 Dark Swap.

Market Price

The current available exchange rate in Dark Swap’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 Dark Swap.

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 Dark Swap 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 Dark Swap: 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 Dark Swap, 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.