Taker
DeFi
Trader who removes liquidity by matching existing orders.
In markets, a taker is a participant who executes against resting orders on an order book, removing liquidity. Takers typically pay higher fees than makers, who add liquidity by placing limit orders.
Frequently asked questions
Why do takers pay higher fees?
They remove liquidity from the book. Venues often incentivize makers to provide depth and quotes.When should I act as a taker?
When speed matters more than price, or when the quoted price is acceptable for your size.How can I reduce taker costs?
Use liquid markets, split orders, or place resting limits to act as a maker instead.