For example, consider two separate Carbon DeFi orders to buy ETH using USDC. Both orders are funded with the same amount of USDC tokens, but have different sized ranges.
Order A offers to buy ETH in the range of 1800-1900 USDC.
Order B offers to buy ETH in the range of 1800-2000 USDC.
Jen's order slices the allocated budget across a tighter range, which means more tokens per each price point in the range.
When the external market price of ETH reaches 1800, Jen's
Order A is more likely to execute first, since it has a larger amount of liquidity concentrated at 1800 and can therefore offer a better price to the taker.