SHEETS.FUN OTC BLOCK DESK · ROBINHOOD CHAIN

size goes
on paper.

the pool charges you for being big. put the block on a sheet instead: post the intent, makers bid sealed, best price wins, and it settles in one transaction with the pool bypassed.

$SHEETS CA0x02fb8494539a467111951f8fd5329c7ae2c7c6e9
SEALED BIDS · ATOMIC SETTLEMENT · NO SLIPPAGE CURVE
Block Quotation SHEET No. 0001
POSTED SEALED REVEALED SETTLED
TICKER$HOOD-x
SIZE480,000 USDG
SIDESELL
WINDOW00:04:12
AWAITING QUOTES
MAKER 0x3f…a1••••••
MAKER 0x81…c4••••••
MAKER 0xd2…77••••••
SETTLES ATOMICALLY · SINGLE TRANSACTION · POOL BYPASSED
RETAIN THIS SHEET FOR YOUR RECORDS
FILLED

post the intent

write the block on a sheet: ticker, size, side, window. no price shown, no order book, no footprint in the pool.

makers bid sealed

desks quote against the sheet inside the window. every bid stays sealed until it closes, so nobody shades off anyone else.

best price settles

bids reveal, the winner is stamped, and the whole block clears atomically in a single transaction. one price for all of it.

the pool charges the gap. the sheet doesn't.

slippage is a curve that punishes size: the bigger the clip, the worse your average fill. a sealed auction flattens that line, because makers price the whole block once instead of walking your order up the curve.

COST OF SIZE · SCHEMATIC, NOT MEASUREDSIZE →
¼×½× POOL AUCTION at 1× the pool charges this gap