Sell a huge bag without crashing the chart.
Post your trade on a sheet. Trading desks send in secret offers. The best offer wins, and the whole trade settles at one price, outside the pool.
- Nobody sees your price while the sheet is open
- Offers stay hidden until the timer ends
- One transaction, one price for the whole trade
This loops every 14 seconds so you can watch a full sheet.
Four words, and you get it.
That is all the jargon there is.
Block
A trade big enough to move the price on its own.
Maker
A trading desk that offers you a price for your block.
Sealed
Hidden. Nobody sees any offer until the timer ends.
Slippage
The extra cost you pay because your own trade pushes the price.
Three steps. No order book.
A sheet is a short note with the coin, the amount, buy or sell, and a time limit. That is all the public sees.
Post your sheet
Pick the coin, the amount, and whether you are buying or selling. Choose how long desks get to respond. You never write a price.
Desks bid in secret
Makers send an offer before the timer ends. Nobody can see anyone else’s offer, so nobody can undercut by a hair.
Best offer wins
Offers are revealed, the highest one is stamped, and your whole trade settles in a single transaction at that one price.
Same trade. Very different bill.
Selling 1,200 SOL worth of $WIF. In a pool, every slice of your order fills at a worse price than the last. On a sheet, desks price the whole block once.
Selling in the pool
Your own order pushes the price down while it fills.
Selling on a sheet
Desks quote the whole block at once. The price holds.
What the last blocks cost.
Each bar is the extra cost of the trade, so a shorter bar is better. Modeled numbers on popular coins. No real trades yet.
$GAVEL
The coin behind the desk, launching on pump.fun. Details on maker seats and fees will be posted here before launch.
Contract address: launching soon
- 1Get SOL in your wallet
- 2Open the $GAVEL page on pump.fun
- 3Check the contract address, then buy
Quick answers.
What is a sealed bid?
An offer nobody else can see until the timer ends. Desks cannot copy or undercut each other, so the best honest price tends to win.
Why does it avoid the pool?
The trade settles directly with the winning desk. It never walks up the pool curve, so your own order does not move the price against you.
What if nobody bids?
The sheet expires and nothing moves. You can post it again with a longer timer or a smaller amount.
Is this live yet?
No. Every sheet, desk and number on this page is illustrative until launch. The coins shown are popular examples, not partners.