GRVT, the first licensed onchain exchange, has announced the launch of Retail Price Improvement (RPI) orders for users. This innovation allows retail traders to secure better prices on their trades.
What are Retail Price Improvement Orders?
Retail Price Improvement (RPI) orders are a feature that allows DeFi users to obtain better prices for their orders based on market data. This concept has existed in traditional equity markets since the early 2000s and has now been adapted for the decentralized finance environment.
Benefits for Retail Traders
RPI on GRVT allows retail traders to access more competitive prices from selected market makers, which can lead to significant cumulative savings. The system automatically checks for better prices when placing an order while keeping users in control of their funds.
CEO's Commentary on the Importance of RPI
GRVT's co-founder and CEO, Hong Yea, commented: "RPI is more than a new order type. It is a meaningful step forward for the DeFi ecosystem. By delivering better prices to retail users without requiring trust in third parties, GRVT shows that self-custody and advanced execution no longer have to be trade-offs."
The introduction of Retail Price Improvement orders by GRVT marks a significant step in integrating traditional finance capabilities into the DeFi space, enhancing the trading experience for retail users.
