magic
@magicdhz
Joined September 2020
1.2K Following 2.3K Followers
don’t worry about execution costs or which venue to use
just trade exchange
A JTX user completed a $2M TWAP of $USDC into $SOL this morning
By breaking the order down into 241 sub orders over 4 hrs, each individual order had an average price impact of just 0.88 bps and filled within 0.08bps of the quoted price
Running a similar trade on a leading CEX would have resulted in $624 more in fees/execution costs
The best place to buy $SOL is on @Solana
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