If you don't understand how a delegation transaction works, essentially Solana lets you give another address permission to transfer a specific amount of tokens from your wallet without actually sending the tokens anywhere.
for example, if you're selling $100,000 worth of a memecoin, you can delegate that exact amount while the entire position remains in your own wallet.
OTC uses this to let people list their bags without depositing anything into escrow.
when someone accepts your offer, we construct a single atomic transaction that sends the buyer's SOL to you and your tokens to the buyer.
both transfers happen together, or neither happens.
the delegate can only transfer up to the amount you've approved, and you can revoke any remaining allowance.
for buyers, the same process works by wrapping SOL into wSOL and delegating the amount offered.
this means two wallets can exchange massive positions at an agreed price without routing anything through a liquidity pool or moving the chart.
OTCOver the Counter
Position$27Profit−$13.09
