Smart Order Routing

Bison's Smart rder Router serves as an intelligent intermediary between traders and liquidity pools, aiming to optimize trade execution and reduce slippage.

Advantages

Our SOR helps traders achieve better prices and reduce slippage by intelligently routing orders through the most liquid and efficient trading pools. By aggregating liquidity from multiple pools, the SOR provides traders with access to deeper liquidity and tighter spreads.

The SOR also implements dynamic risk management measures to protect traders from adverse market conditions, such as excessive slippage.

Order Routing Mechanism

The SOR continuously monitors all AMM pools, recording their liquidity, fee rate, and other relevant metrics.

When a trader submits an order, the SOR determines the optimal routes for execution based on factors such as token availability, liquidity, price impact, and trading fees.

After selecting the best routes, the SOR breaks down the trader's order into smaller transactions or "slices" to minimize market impact and slippage.

The SOR executes each slice across multiple AMM pools or routes, aiming to achieve the best possible price while balancing price impact and cost efficiency.