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Smart Trade Routing

Smart Trade Routing is Orvex's best-execution engine. Trades are routed based on net execution quality, not venue preference, with the router evaluating native and approved external liquidity sources to prioritize price quality, slippage control, and transparency.

Overview

Smart Trade Routing is the system responsible for delivering the best executable outcome for swaps on Orvex.

Rather than routing trades through a fixed path or favoring internal liquidity, the router evaluates available liquidity sources and selects the route that maximizes net output after accounting for fees, price impact, and execution costs.

This venue-agnostic approach allows Orvex to function as a true MetaDEX, optimizing execution across the Status Network ecosystem.

Liquidity sources evaluated

The router evaluates eligible liquidity across:

Orvex-native pools:

  • Classic AMM pools
  • Concentrated liquidity pools
  • Pools with dynamic fee logic where applicable

Approved external venues:

  • Whitelisted DEXs
  • Integrated aggregators
  • External routes approved through governance or configuration

Only reviewed and approved external sources are considered.

How routing works

At a high level, routing follows a deterministic process:

  1. Discover viable routes across eligible liquidity sources
  2. Simulate execution for each route, accounting for pool fees, expected price impact, and estimated gas costs
  3. Rank routes by expected net output
  4. Execute the best route atomically, with minimum-receive protection and fallback to the next-best route if execution fails

This ensures users receive predictable outcomes even in volatile conditions.

Trader controls

Traders retain full control over execution parameters, including:

  • Slippage tolerance — Set maximum acceptable price movement
  • Transaction deadline — Prevent stale transaction execution
  • Native-only routing toggle — Optional restriction to Orvex pools only
  • Route preview — View hops, liquidity sources, and expected output before executing

These controls allow users to balance execution quality against certainty and speed.

Fees and neutrality

Orvex does not add a routing surcharge.

  • Traders pay only the fees embedded within the selected execution path
  • Routing decisions are venue-agnostic
  • If an external route offers superior net execution, it is selected

This neutrality ensures routing decisions are driven purely by execution quality, not platform incentives.

Why this matters

For traders:

  • Better price execution across fragmented liquidity
  • Reduced slippage on larger or more complex trades
  • Clear visibility into how a trade is executed

For liquidity providers and veORVX voters:

  • More volume routed through productive liquidity
  • Fees concentrate where liquidity is most effective
  • Incentives align with real usage rather than artificial flow capture

Design philosophy

Smart Trade Routing treats liquidity as a shared resource, not a captive one.

By prioritizing execution quality over venue loyalty, Orvex improves outcomes for traders while reinforcing the incentives that reward active, efficient liquidity.

This execution-first mindset is foundational to Orvex's role as the native liquidity engine on Status Network.