GRVT, the first licensed onchain exchange, has launched Retail Price Improvement (RPI) orders, offering a new level of user engagement through DeFi technologies.
What are Retail Price Improvement (RPI) Orders?
Retail Price Improvement (RPI) orders are a mechanism that allows users to obtain more competitive prices on their trades. They were first introduced in traditional equity trading in the early 2000s and are now adapted for DeFi use. RPI orders operate automatically, improving execution prices through exclusive interactions with retail orders.
How RPI Benefits DeFi Users?
With RPI, DeFi users can benefit from better execution prices on their orders. While a small price change may seem insignificant for an individual trade, over time it can lead to significant savings for retail investors. GRVT employs principles similar to those used on the NYSE to help everyday users in the cryptocurrency market.
Co-founder of GRVT Discusses the New Feature
Hong Yea, co-founder and CEO of GRVT, commented, "RPI is more than a new order type. It's a meaningful step forward for the DeFi ecosystem. By delivering better prices to retail users without requiring trust in third parties, GRVT is proving that self-custody and advanced execution no longer have to be trade-offs."
The introduction of Retail Price Improvement orders on the GRVT platform marks an important step towards integrating traditional financial practices into the decentralized finance space, providing users with added advantages and efficiency.
