What types of orders can I use to trade?

On ELFi, you can use market orders and limit orders to open positions. A market order means your order will be executed at the latest oracle price. To avoid significant price deviations due to on-chain delays, traders can set a maximum slippage range. This ensures that your order's execution price does not deviate too much; otherwise, the order will be canceled. A limit order allows traders to specify a price, and due to on-chain price delays, there might be slight deviations from the order trigger to execution. It is also subject to the maximum slippage set by the user.