The newest Balancer grant goes to XS Finance building out a TWAMM!
The team at Balancer Grants subDAO is proud to announce the approval of the grant application by XS Finance to build out Time Weight Asset Market Manager (TWAMM) functionality for Balancer.
The goal of TWAMM functionality is to execute large trades over a period of time in a way that reduces slippage and gas cost for the party executing a swap. In order to have the same outcome without this functionality a trader would need to split their trade into multiple transactions over a period of time. The Balancer DAO is excited to be able to offer this automated functionality to larger traders such as other DAOs.
This grant is planned to span over 3 to 4 months and will be broken into four phases. The first phase will be finalizing the approach and specifications. The second phase will be implementation focused. The third and four phases will include testing and the ultimate launch. We are very excited to onboard this new service for Balancer users and look forward to partnering with the XS Finance team over the next few months.
New DAOs are created every day and almost every one of them has a need for treasury management which includes swapping assets. For that reason I believe TWAMM functionality will be a great addition to the core toolset that the Balancer platform already provides. We will have the ability to service a subset of users in a more economically beneficial way than today. I am very excited to see the Balancer toolset expanded upon. — ZeKraken, Balancer Grants member
We’re super excited to build with Balancer. We chose to build TWAMM on Balancer because of its superb gas efficiency, flexible framework to build custom pools and the vibrant ecosystem. All this makes it great for our mission towards enabling efficient long term investing avenues for retail investors. — CodeSherpa, founder, XS finance
About XS Finance
XS finance is building the future of long term investing. Founded by second time fintech founders who go by the pseudonyms: Nuhbie and CodeSherpa
About Balancer Grants
The BAL Grant program is one way BalancerDAO promotes the development of the Balancer Protocol and Ecosystem.
The BAL Grant program provides support and funding ($1K — $75K) to projects committed to supporting Balancer Protocol in achieving its mission to become the number one source for Decentralized exchange trades. This program is a good fit for individuals and groups that want to run a project that builds technology or resources on the Balancer Protocol.
Apply now!
If you are interested in supporting the development of the Balancer Ecosystem or want to build on top of the Balancer Protocol, this is your chance! Get started by filling in the Grants Application form. You can also check out our RFP page for inspiration!
Do you have marketing/sponsorship related opportunities you would like to discuss? Please check out the Marketing subDAO here and its own application form here.
For further questions about how the Grants subDAO works, check out the grants page, follow us on Twitter, or send an email to grants@balancer.community.
