FAQ
Short answers. Each links back to the section that covers it in full.
Who holds my tokens while an order is open?
A program-derived account with no private key, unique to your order. Only a fill or a close can move what is inside, and a close always returns it to you.
Can I cancel?
Any time, including while trading is paused. You get the unsold remainder plus the account rent back.
Do I have to sell my whole position at once?
No. Orders fill partially down to a minimum size you set. One order can be taken by many buyers across many transactions.
What if the market moves after I list?
Re-price the order for the cost of one transaction. Escrow is untouched, so there is no need to cancel and re-create.
Why did my fill fail on price?
The order was re-priced between your quote and your transaction landing, and the price bound you signed refused the worse price. That is the protection working. Re-quote and resubmit.
Can I use the listed price as my bound?
No, it always fails: the bound is measured per token received, and the buyer receives slightly fewer tokens than they pay for, 0.15% at the current rate. Derive the bound from quoteFill() or quoteBidFill().
What does it cost?
0.30% of the trade value at the current rate, 0.15% per side, and each side pays in its own asset. The buyer pays exactly the listed value and receives 0.15% fewer tokens. The seller receives 0.15% less quote. The rate is a config value the admin can change, so read feeBps from the config account rather than assuming it.
My order expired with tokens still in it. Are they gone?
No. An expired order is unfillable, not lost. Anyone can close it, and the assets and rent always return to you.
What happens if trading is paused?
New orders and new fills stop. Cancelling your own order keeps working, so your capital is never trapped by a pause.
The order I want is smaller than my size.
Fill several at once. The basket planner walks resting orders cheapest-first and returns one instruction per order, respecting each one's minimum and the venue's per-order value limits.
Do I need $OTC to trade?
No. It has no role in settlement and grants no fee discount. Half of venue revenue buys it back and burns it.
Is a token listed here safe to buy?
Listing is not an endorsement. Escrow guarantees delivery of the exact mint in the order, and nothing about that mint's value or issuer. Verify the mint address before taking size.