The newest Balancer grant goes to XS Finance building out a TWAMM!

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.

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.

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