⏰Order execution
All about order execution, latency and wallet connections
Orders are not executed by keepers, you execute them yourself from your device. That means you don't have to 'wait for it to be picked up' or processed by a bot operated by the platform before it is executed. Other platforms prefer keepers because they can censor winning traders or slow them down so that it causes them to lose. Not at OptionBlitz, we are committed to the maximum decentralisation factor.
Since order execution happens on the client side and not by a centralised keeper, latency can vary. OptionBlitz has supported as many different methods as possible to suit different use cases. Unfortunately decentralisation has a cost and that is latency. It is the price we pay for ultimate security and transaction finality.
Currently the available wallet connections include
EOAs, like Metamask
Smart accounts (Available via email/social account login)
Interacting directly with Metamask or the Smart Account offers the fastest execution which is around ~2 seconds (the average inclusion time for a transaction on the Arbitrum blockchain). But, this is not gasless. If we make it gasless, the execution time increases to ~5 seconds. This is because a decentralised relay is involved (Biconomy) which is required to exchange your USDC into ETH in order to pay for the gas.
1-click trading is not available for Metamask users. A handy tip if are a Metamask user and you want to enter the market at exactly a certain time, simply order the option and wait until you want to actually enter the market then press sign at that moment. Your order will be entered within 2 seconds. There is around a 30 second allowable window to do this.
Available features by connection
| Connection type | Direct execution | 1-click trading | 1-click trading + Gasless |
|---|---|---|---|
Smart Account | |||
Metamask |
Latency stats
Arbitrum mainnet latency numbers:
| Connection type | Direct execution | 1-click trading | 1-click trading + Gasless |
|---|---|---|---|
Smart Account | 2 seconds | 2 seconds | 5 seconds |
Metamask | 2 seconds | - | - |
The Smart Account is only available if you login with an email or social account. After the token sale, BLX holders will enjoy sponsored transactions. This means that if you hold a certain amount of BLX in your wallet you won't pay any gas in USDC or ETH
As you can see above, to enjoy the fastest execution and smoothest user experience we recommend using the smart account.
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