How do market orders work on Nash? Do you protect against slippage?
Yes, Nash protects against slippage in the case of a thin order book.
When you submit a market order, we calculate a slippage limit that is 2% higher (when buying) or lower (when selling) than the first maker order your order matches with.
Your market order will match with all other maker orders up to this 2% limit. When it reaches the limit, it will stop executing and show up in your history as complete but partially filled.