Once more, another "surprise" addition to the exchanger. I just saw the OTC section. What is this exactly? It seems that it's like an instant/Market order, but in P2P mode? I don't completely understand its use. On other exchanges that offer OTC service, it isn't near to the one that I see in your exchange. I mean, it's something very different.
Hi the feature was just released and some changes may happen in future, but here's the concept of it:
1. User wants to buy from other users without price impact
2. Existing BUY/SELL limit orders are present on the order book
So the user can directly sell/buy from the limit orders. This excludes all AMM/LP orders so it's purely P2P. And since it does not cause a price impact it is OTC.
Yes it's different from how other exchanges are doing this, since we intend to hold 'unfulfilled' orders in the order book along with regular orders, and then it can be fulfilled either by a Limit order, or Market order, or an OTC order.