🗃️ Decentralized Order Flow Auctions
📄️ Consolidated Best Price
The Consolidated Best Price (CBP) is a decentralized market price used by DFlow to programmatically ensure market makers fill orders at prices at or better than the CBP. Orders filled at prices within the the CBP are called price improvements.
📄️ Flow Price
On DFlow, a flow price is the purchase price of a batch of order flow, for a specific token pair. For example, $1M of ETH–USDC flow between $10 and $50 may be currently worth $1000. Each auction is created based on a set of standardized specs – see Auction Parameters for exact auction parameters.