Metaverse Information Bureau News: Aster revolutionizes trading with hidden orders! Improves trader privacy and liquidity. #Aster #DeFi #HiddenOrders
Video explanation
"Invisible orders" in new money transactions in the metaverse? A beginner's guide to Aster's hidden order feature!
Hello everyone! I'm John, a blogger specializing in the metaverse. Did you know that the "metaverse" that you hear about a lot these days isn't just about games and virtual spaces? In fact, in the world of the metaverse, new economic mechanisms and technologies related to financial transactions are also evolving rapidly.
Today, I will explain one of these new technologies, a mechanism called "hidden orders" that has been launched by a platform called Aster, in an easy-to-understand way even for those who are new to the metaverse! Sounds difficult? Don't worry, let's take it easy!
First of all, what is an aster?
First of all, Aster is a new type of "digital asset exchange." Digital assets are data that have value on the Internet. For example, virtual currency (also called crypto assets) is one such example.
A major feature of asters is that they are "dispersed." What does this mean?
- It's not tightly controlled by any one company.: Ordinary banks and securities companies have a large company at the center. But a "decentralized" system is run by a lot of computers working together.
- More open trade is likely:It makes it difficult for one person to monopolise information or change the rules at will.
Aster is a leading decentralized exchange backed by a company called YZi Labs. Aster has introduced a groundbreaking feature in its "Aster Pro" service. That feature is "hidden orders."
What is the exciting new feature "Hidden Orders"?
"Hidden Order" is like a spy movie and makes me excited! This is literallyAbility to make your trading orders "invisible" to othersWhat is it?
Normally, when you buy or sell stocks or digital assets, your order to buy or sell a certain amount at a certain price is displayed on the exchange's "order book" and is visible to other market participants. However, with hidden orders, your order is processed in secret.
You may be wondering, "Why do I need to hide this?" In fact, there are many benefits to this for traders.
What are the great benefits of "hidden orders"?
The "hidden order" introduced by Aster has three major benefits:
Benefit 1: Transaction privacy is maintained!
Your orders are not visible to others, which increases your privacy. Especially when you are trading large amounts of money, you may want to proceed with the transaction quietly without others knowing. This feature is useful in such cases.
Benefit 2: Reduces "slippage"!
Have you ever heard of "slippage"?The price at the time of the order differs from the price at which the transaction is actually concluded.You read it right!
For example, let's say you place a large order saying, "I want to buy 100 of this digital asset at 1000 yen!" If this order is visible to other market participants, some may think, "Oh, a large buy order has come in. I'll buy it first and sell it when the price goes up." As a result, by the time you try to buy, the price has risen to 101 yen, and you have to buy it at a higher price than you expected... This is an example of slippage.
But with hidden orders, your big orders are not visible to others. So, you are less likely to be influenced by the actions of others.Avoid unfavorable price fluctuations (slippage) and make it easier to trade at the price you want.Hm.
Benefit 3: Maintains market liquidity!
"Liquidity" means"Ease of trading" and "being able to sell immediately when you want to sell and buy immediately when you want to buy"The more liquid a market is, the smoother trading can be.
If a large order suddenly appears, it can shock the market and other traders may hesitate to trade. This can temporarily reduce liquidity and make it difficult to trade. However, if you use hidden orders, large orders are less likely to have a direct impact on the market, making it easier to maintain liquidity. This is a good thing for the market as a whole.
Aster has announced that it is the first decentralized perpetual contract exchange (a bit technical, but that's what it's called) to offer this "hidden order" in a fully integrated way. This means that traders are becoming more comfortable and more profitable!
What does this news have to do with the Metaverse?
You may be wondering, "Hmm, this sounds like a financial story, but how does this relate to the metaverse?"
In the world of the metaverse, it is thought that people will be able to move about with their own avatars and own virtual land and items. It is also possible that a unique economic sphere will emerge there, and digital assets will be actively traded.
In such a future metaverse economy, technologies such as Aster's "hidden order" introduced here,It is very important to create an environment where participants can trade with confidence and fairly.It will be easier for the market to be swayed by the movements of big whales (large investors), and the privacy of people who want to trade secretly and strategically will be protected. This could be said to be a step towards making economic activity in the metaverse smoother and healthier.
It may still sound technical for now, but each of these technological advances will make the metaverse of the future a richer and safer place.
John's words
Today's news was about a bit of technical financial technology, but what did you think? As the metaverse evolves, the forms of money and assets used within it, and the methods of trading them, will also evolve.
I personally find this kind of "technology that protects users in hidden ways" very exciting. The metaverse is still in its infancy, but I feel like these are the ingenuity being developed to make the world easier to use and fairer!
This article is based on the following original articles and is summarized from the author's perspective:
Aster launches Hidden Orders: Invisible orders, visible advantage