Recently, with the second season of @defidotapp coming to an end, I have been trading on it to earn XP. I feel that their "MID" order feature is quite practical.

The core advantage of Limit MID orders is that it allows you to "stand in the middle and earn the spread." In traditional trading, you either take the buy order or the sell order, but MID orders let your bid price be positioned in the middle of the bid-ask spread.

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🎯Specific execution logic:
Assuming a certain token has a buy price of $10 and a sell price of $10.2, you can place a MID order at the price of $10.1. When someone is willing to trade at this price, you avoid the high cost of directly taking the order and achieve a better filling price than the market price.

Cost advantages are obvious:
1️⃣ Waiver of taker fees: Traditional market orders typically incur a fee of 0.1-0.3%.
2️⃣Avoid slippage losses: Especially in highly volatile markets, large orders can easily generate slippage of 5-10%.
3️⃣Better Average Cost: By executing trades in batches at mid-price, the overall holding cost is reduced.

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The cost-saving effect of MID orders is most significant in high-volatility environments. When the market experiences rapid fluctuations, the bid-ask spread can quickly widen, and the slippage of traditional market orders may reach several percentage points, while MID orders can still execute at relatively stable mid-price levels.

The mechanism of @defidotapp is particularly valuable in the DeFi environment because the gas fees for on-chain transactions and the risk of MEV attacks are higher than those of centralized exchanges. Through MID orders, you are essentially exchanging time for cost, allowing the market to naturally fluctuate to fulfill your trading intentions.