Your Size Is Your Biggest Cost đ
Every cycle brings more capital that needs to move in size, and anyone who has tried it knows the fee on the screen is not the expensive part, the expensive part is everyone else learning you are in the market.
That is why block trades moved to OTC desks in the first place, and why institutions on $CC now run cross-border intraday repo with Euroclear, LSEG and Societe Generale on a network where each firm only sees its own side of a deal.
On $SOL the tools are faster and the DeFi audience is bigger, so a large buyer ends up chopping one order into dozens and still gets spotted.
An OTC desk solves the leak by asking you to trust the desk instead, which moves the exposure rather than removing it, since the desk still sees every quote and every client.
Arcium's ecosystem page lists Undesk, a confidential OTC trading desk on Solana, and the approach underneath is what makes that more than a rebrand.
Quotes and orders go in as fragments across a cluster of nodes, no single node holds a readable copy of either side, and the match still comes out correct, so a desk can pair a buyer and seller without reading what either one wanted.
The filled trade settles on Solana as an ordinary public transaction, so the match is on record afterwards and nothing leaked before it.
Sealing the matching runs today on Mainnet Alpha, live since February 2, while sealing the transfer amount itself is C-SPL, and that has not shipped yet.
Size has always paid extra for being visible, and I would watch where the first desks that cannot see their own order flow start pulling volume from.
#DeFi #Solana
Every cycle brings more capital that needs to move in size, and anyone who has tried it knows the fee on the screen is not the expensive part, the expensive part is everyone else learning you are in the market.
That is why block trades moved to OTC desks in the first place, and why institutions on $CC now run cross-border intraday repo with Euroclear, LSEG and Societe Generale on a network where each firm only sees its own side of a deal.
On $SOL the tools are faster and the DeFi audience is bigger, so a large buyer ends up chopping one order into dozens and still gets spotted.
An OTC desk solves the leak by asking you to trust the desk instead, which moves the exposure rather than removing it, since the desk still sees every quote and every client.
Arcium's ecosystem page lists Undesk, a confidential OTC trading desk on Solana, and the approach underneath is what makes that more than a rebrand.
Quotes and orders go in as fragments across a cluster of nodes, no single node holds a readable copy of either side, and the match still comes out correct, so a desk can pair a buyer and seller without reading what either one wanted.
The filled trade settles on Solana as an ordinary public transaction, so the match is on record afterwards and nothing leaked before it.
Sealing the matching runs today on Mainnet Alpha, live since February 2, while sealing the transfer amount itself is C-SPL, and that has not shipped yet.
Size has always paid extra for being visible, and I would watch where the first desks that cannot see their own order flow start pulling volume from.
#DeFi #Solana
