On Tuesday, the Synthetix team announced via X that it has introduced Chase Orders, a feature that allows traders to chase the book with their orders on Synthetix.
With this feature, users can lodge a limit order and then press 'Chase' in the open positions tab. Once done, the order will now automatically be lodged at the best bid/ask price available.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. SNX, the native token of Synthetix, is up 1.8% in the last 24 hours and is trading at $0.4384 at press time.
Hassan Maishera