Takers

Takers respond to the offers set up by Makers. They critically assess these offers, considering factors like asset types, quantities, and prices.

The role of Takers is crucial in completing transactions within the Oxium marketplace. When a Taker agrees to the terms of an offer, they effectively seals the deal proposed by the Maker, leading to the execution of the trade.

Takers provide the necessary demand and liquidity in the marketplace, ensuring that the offers created by Makers are fulfilled. Their actions complete the cycle of trading activity within the Oxium ecosystem, making it a dynamic and interactive platform for exchanges.

Takers have the ability to buy or sell assets on Oxium, using either market or limit orders, akin to a traditional orderbook. They can execute these offers through general orders or choose to clean them individually.

This interaction between Takers and Makers completes the trading cycle in the Oxium ecosystem, enhancing its interactivity and liquidity.

The workflow for Takers involves executing the logic of all relevant smart offers upon an order's placement. Successful orders are removed from the book, and the process continues until the Taker's order is completely filled. If a Maker withdraws their offer and fails to match the liquidity, the Taker is compensated with a penalty (bounty), and Oxium proceeds to the next offer. This ensures that Takers are appropriately remunerated and that the order book remains efficient.