Hi All, great discussions here and on the Twitter spaces. As @AvsA and others have mentioned, DCA is the optimal strategy to execute this trade on-chain vs Gnosis auction.
We’ve built a tool to allow DAOs, protocols, and whales to efficiently DCA on-chain in a gas-optimal manner: TWAMM. From the reception on the call by @James and others, it seemed like the best fit for a trade of this size.
I did not want to de-rail the conversation here and therefore made a long-form post here for more details on our tool, background, advantages, risks, etc: TWAMM: on-chain non-custodial DeFi protocol for large asset swaps.
As I mentioned in the Twitter space, our tool is going into audit on January 23, 2023, by SpearbitDAO, and pending a successful audit will be ready by Eth Denver (March 01, 2023). The first pool we plan to deploy will be ETH/USDC.
I understand that there’s hesitation to execute a large trade of this size on a tool that hasn’t been battle-tested, but I’ve addressed the different risks and mitigation strategies in the forum post linked above.
Happy to answer any further questions!