RWA limit orders are automatically adjusted because the underlying asset behind the token you are trading has undergone a "corporate action"—such as a stock split, reverse split, or dividend. The issuer updates the token's multiplier (MLT), and the system adjusts your open orders to match the new multiplier.
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What is the Multiplier (MLT)?
The multiplier is the factor used to calculate the displayed quantity and price of an RWA token. Each RWA token has its own multiplier, which allows the token to reflect corporate actions affecting the real-world asset it tracks.
When the underlying asset undergoes a stock split, reverse split, dividend, or other adjustment, the number of tokens needed to represent the same asset value changes, and the issuer updates the multiplier.
What Order Data Changes After a Multiplier Update
If the paying currency or receiving currency in your limit order is the affected RWA token, the system automatically adjusts the following data:
Pay amount
Estimated receive amount
Trigger exchange rate
Trigger price
Trigger market cap
A simple example: Suppose your unfilled limit order originally showed "Trigger exchange rate: 1 NVDAx ≈ 80 USDT." If NVDAx's multiplier changes from 1 to 10, the order will be adjusted to "1 NVDAx ≈ 8 USDT," and the token quantity will be adjusted accordingly. The token quantity and trigger exchange rate change together, so the order's original expected value stays roughly the same. Your total asset value is not lost.
What Data Does Not Change
The system only adjusts data directly related to the multiplier. The following information remains unchanged:
Order ID
Trading pair
Buy or sell direction
Wallet
Creation time and expiration time
Fee and slippage settings
Key point: An auto-adjusted order does not mean the order has been filled. It only updates the trigger conditions. The order still waits to be executed under the new conditions.
What If Both Currencies in the Pair Are RWA Tokens
Each RWA token uses its own multiplier. If only one token's multiplier changes, the system adjusts only the data affected by that token. If both tokens' multipliers change, the system uses both updated multipliers to adjust the pay amount, estimated receive amount, and trigger exchange rate.
How to Know If an Order Was Adjusted
After the adjustment is complete, you will receive notifications:
App: Push notification and in-app alert
Web: Browser notification and on-page alert
Order list: The order will show an Adjusted tag
Order details: Shows the values before and after adjustment, as well as the latest adjustment time
Even if the order is later filled, canceled, or expires, the adjustment information remains in the order details.
Cancellation
You can cancel it. If the order has not been filled yet, you can cancel it using the normal order cancellation option.
Note: Auto-adjustment only keeps your order data consistent with the new multiplier. It does not guarantee that the order will be filled, nor does it guarantee the final fill value. Market price, liquidity, slippage, network fees, and other order execution conditions still apply.
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References
- OKX·Why might my RWA limit order be automatically adjusted?, page publish or update date: not indicated; checked on: 2024-07-01.
- OKX·Why might my RWA limit order be automatically adjusted?, page publish or update date: not indicated; checked on: 2024-07-01.
