Why Invia
Three things you can do on Invia that you cannot do elsewhere on Solana without paying for it: exit a low-cap bag without moving the chart, fill a bid at a fixed price with no slippage, and do both with on-chain atomic settlement instead of trusting a counterparty.
The three problems Invia fixes
Versus an AMM swap (Raydium / Meteora / Jupiter)
| Question | AMM swap | Invia OTC |
|---|---|---|
| Price for size | Walks the curve, worsens with each chunk | Fixed at offer creation, same per unit at any size |
| Effect on chart | Every fill moves the LP price | Zero, settlement does not touch any LP |
| MEV exposure | Sandwich and JIT-LP risk on every swap | None, there is no public mempool race for an offer |
| Counterparty | Anonymous LP | Specific maker, on-chain, addressable |
| Best for | Small swaps, deep AMM liquidity | Anything large enough to slip the curve |
Invia is not trying to replace the AMM. For a 100 USD trade in a deep pair, Jupiter wins on cost and convenience. For a 50,000 USD trade in a low-cap token, you keep most of that cost as savings by going through Invia instead.
Versus the existing OTC escrow on Solana
The closest precedent is whales.market, which pioneered on-chain OTC escrow.
Invia is the spot, post-launch counterpart to its pre-TGE forward design.
| Dimension | whales.market | Invia |
|---|---|---|
| Token state | Pre-TGE allocations that don't exist yet | Already-launched SPL tokens |
| Trade type | Forward contract on a future allocation | Spot atomic swap |
| Settlement | Manual, inside a 4-hour window after TGE | One Solana transaction, seconds |
| Collateral model | Both sides post 100% cash collateral | The asset itself is the collateral |
| Default risk | Real, seller can choose to forfeit collateral if TGE prints higher | None, atomic, no time gap |
| Listing | Curated pre-TGE allocations | Permissionless, any SPL mint |
| Fee | 2.5% on settle, 5% on resell | 0.20% taker, 0% maker |
The two protocols solve different problems. If you need to trade an
allocation that does not exist on-chain yet, whales.market is the right tool.
If the token is already trading and you want to move size off the LP, Invia
is the right tool.
Why these specific design choices
Invia is what an OTC desk would look like if you replaced the desk with a Solana program: same fixed price, same partial fills, same off-LP execution, but with atomic settlement, no operator to trust, and a 0.20% fee.