Hybrid Liquidity Mechanism

MES's Hybrid Liquidity Mechanism combines the liquidity on an orderbook and liquidity pools of an automated market maker (AMM). Orders are matched against the best price among the limit orders and pool liquidities.

MES matches orders on orderbook with the best combination of-

Other Limit Order: limit orders on the orderbook placed by other users; or

AMM order: orders placed using the liquidity from the liquidity pool, price determined by the AMM equation (x * y = k).