📄️ Matching Engine
Like Hyperliquid, Silhouette matches orders using price-time priority. Each time a new order is placed, the matching engine updates all existing orders. Following standard order book practice, orders are matched at the price of the sell order. For example, if a buy order for HYPE with a limit price of 25 USDC matches with a sell order with a limit price of 20 USDC, both orders will receive the equivalent of 20 USDC.
📄️ Order Details
Silhouette currently only supports limit orders.