Last Look
Liquidity providers can incorporate defensive code, called lastLook, to cancel offers under certain conditions that are verifiable on-chain. For instance, if market conditions are unfavorable in order to avoid price exposure.
References
- Strat Lib -> Maker contracts' hooks: last look
- Strat Lib -> MangroveOffer's code:
lastLook
- %%Reneging on offers|renege%%.