Introduction to Terrace (TRC)

Terrace is a trading terminal and portfolio management system designed to aggregate liquidity from over 40 centralized and decentralized exchanges, enabling access to more than 2 million tokens across 13 blockchain networks. The platform incorporates advanced order types such as Limit Orders, Time-Weighted Average Price (TWAP) Orders, and Iceberg Orders, allowing traders to optimize execution strategies. Its Pathfinder feature identifies efficient cross-chain trading routes, reducing transaction costs and improving trade execution. Terrace also provides a unified portfolio management system, enabling users to track and manage their assets across multiple wallets and exchanges in real time.

What is Terrace (TRC)?

Terrace is a decentralized trading platform aggregating liquidity from multiple sources, providing access to assets across centralized and decentralized exchanges. The system is designed to streamline trading operations by integrating advanced order execution mechanisms, automated portfolio management, and cross-chain trading capabilities. Users can interact with the platform through a unified interface that consolidates trading data and facilitates efficient asset management. Terrace offers a single environment for executing trades, managing portfolios, and optimizing trading strategies by integrating real-time market data from multiple blockchains and exchanges.

The platform supports a variety of order types tailored to different trading strategies. Limit Orders allow users to specify the exact price at which they wish to buy or sell an asset. Time-Weighted Average Price (TWAP) Orders distribute large trades over time to reduce price impact. Iceberg Orders conceal the true size of a trade by breaking it into smaller visible portions while executing the full order in the background. These features help traders execute transactions with greater control over pricing and market exposure.

Terrace incorporates a cross-chain trading system that enables users to swap assets between different blockchain networks. This is made possible through the platform’s Pathfinder mechanism, which identifies the most cost-efficient trading routes across multiple liquidity pools. By routing transactions through optimal paths, Pathfinder reduces slippage and transaction costs, improving the efficiency of trades. The ability to conduct trades across multiple networks without manual intervention provides traders with more opportunities to optimize asset allocation.

History, Team, Investors of Terrace

Terrace was founded in 2021 by Jesse Beller and Sola Ogunsakin with the goal of improving decentralized trading and execution strategies. The company is headquartered in Napa, California, and focuses on developing financial software for the cryptocurrency sector. The founders bring experience in finance, trading technology, and blockchain development, shaping Terrace into a platform that seeks to provide efficient, automated execution tools for traders. By addressing inefficiencies in decentralized finance (DeFi) order execution, Terrace aims to enhance liquidity access and strategy deployment across multiple blockchain networks.

In September 2024, Terrace raised $4.7 million in seed funding to accelerate its development of algorithmic trading solutions. The round included participation from Y Combinator, Soma Capital, Hack VC, and others. According to Terrace’s official announcement, the funding is intended to expand engineering efforts and support integrations across new blockchain networks. The capital will also be used to enhance Terrace’s execution algorithms and refine the tools provided to institutional and retail traders. (Source)

In December 2024, Terrace successfully raised $2.5 million through a public sale. The funding was allocated toward expanding its platform, refining its algorithmic execution solutions, and integrating with additional blockchain networks. The capital raise followed earlier investments and strategic backing from well-known venture capital firms focused on blockchain and financial technology. The company has positioned itself as a solution provider for institutions and retail traders looking for automated execution capabilities in the evolving DeFi landscape.

Terrace has secured investment from prominent firms, including Y Combinator, Soma Capital, Hack VC, HashKey Capital, Dewhales Capital, WWVentures, ZK Prime Capital, and Cathexis Ventures. These firms’ involvement indicates confidence in the platform’s approach to improving trade execution in decentralized markets. Many of these investors have previously supported early-stage blockchain projects, reinforcing the alignment between Terrace and the principal players in the crypto investment space. The platform’s funding history demonstrates ongoing interest in developing decentralized finance execution technologies.

The company has also been featured among Y Combinator-backed crypto and Web3 startups, highlighting its role in building infrastructure for digital asset trading. Participation in Y Combinator’s accelerator program gave Terrace access to technical and financial resources, allowing the company to refine its trading automation models and optimize execution strategies. As a result, Terrace has developed a system that offers improved order routing and execution tools, positioning itself as a potential alternative to traditional DeFi trading methods.

Terrace (TRC) Main Features

Advanced Trading Tools

Terrace provides a range of advanced order types to enhance trading efficiency and minimize market impact. Time-Weighted Average Price (TWAP) orders allow traders to break large orders into smaller portions executed over a set period. This prevents excessive slippage and reduces the likelihood of moving the market price unfavorably. Limit orders ensure that trades only execute at predefined price points, allowing traders to plan their entries and exits with greater control. Iceberg orders further improve execution strategies by concealing large trades, breaking them into smaller visible portions while keeping the full order size undisclosed.

These tools are handy for traders executing large-volume transactions, as they help distribute buying or selling pressure over time, maintaining liquidity and minimizing unintended price volatility. By integrating these order types directly into its trading terminal, Terrace ensures that users can access sophisticated trading mechanisms without switching between different platforms. The ability to configure automated execution parameters provides traders with a more flexible and structured approach to order execution.

Pathfinder

Terrace’s Pathfinder is an automated routing system that identifies the most efficient trade execution paths. It scans billions of possible routes across decentralized exchanges (DEXs), centralized exchanges (CEXs), and liquidity pools to find optimal paths for swaps and trades. This system eliminates the need for users to manually compare prices across different venues, ensuring that transactions achieve the best possible execution. All trades are executed atomically, meaning that if a transaction fails at any stage, the entire trade is reverted, preventing users from losing partial funds due to fragmented transactions.

Pathfinder simplifies cross-chain trading by automating the bridging process between different blockchain networks. Instead of requiring users to manually transfer assets between chains, the system routes trades through the most efficient pathways while maintaining liquidity and minimizing costs. This feature is particularly beneficial for traders dealing with fragmented liquidity across multiple networks, as it consolidates trading execution into a single transaction, reducing inefficiencies and unnecessary transaction fees.

Multi-Wallet Portfolio Management

Terrace enables traders to manage multiple wallets from a single interface, removing the need to switch between different accounts manually. This feature supports various wallet types across multiple blockchains, allowing users to track, trade, and analyze their assets in one place. By integrating multi-wallet management, traders can optimize their capital allocation more effectively, ensuring that they do not overlook opportunities due to fragmented holdings across different platforms.

For professional and institutional traders, multi-wallet management is essential for risk mitigation and portfolio diversification. Traders can execute trades across multiple accounts simultaneously, distributing their exposure across different networks without manually managing separate transactions. This functionality also improves security, as users do not need to repeatedly input private keys or sign transactions across multiple interfaces, reducing the risk of errors and unauthorized access.

Terrace’s Technical Architecture

​Terrace’s technical architecture is designed to provide a comprehensive trading experience by integrating various advanced features. The platform supports sophisticated trading strategies with tools such as Time-Weighted Average Price (TWAP), limit, and iceberg orders, and offers full Level 2 (L2) order books on all venues, both decentralized (DEX) and centralized exchanges (CEX). Smart order routing ensures that every trade is executed at the best possible price, using liquidity from multiple venues.

The Pathfinder feature is Terrace’s proprietary routing engine, searching billions of paths to identify optimal routes across chains, pairs, and venues. It ensures that all trades are fully atomic and executed as single transactions, eliminating the need for manual navigation across platforms, bridges, and exchanges. This guarantees the best price for trades with automatic execution.

The platform’s multi-chain integration connects directly with over 40 decentralized exchanges (DEXs), centralized exchanges (CEXs), over-the-counter (OTC) markets, and market-making venues. This integration allows the algorithm to scan over 15 chains for a more capital-efficient trading experience.

What is the TRC Token?

TRC Token Utility

TRC serves as the primary utility token within the Terrace ecosystem, enabling various on-chain functions and platform services. It is used for transaction fees, allowing users to execute trades and interact with smart contracts efficiently. Staking mechanisms are also supported, where users can commit their TRC tokens to help secure the network while earning rewards. The token grants access to premium features, such as advanced trading options and liquidity enhancements, incentivizing users to participate actively in the ecosystem.

TRC Supply and Allocation

The total supply of TRC tokens is structured to support the sustainability of the Terrace network, ensuring adequate incentives for development, investment, and ecosystem participation. The distribution is as follows:

• Foundation, Treasury, Airdrops & Ecosystem Development (38.7%) – The largest portion of the supply is allocated to the foundation and treasury, ensuring the long-term development of the project. These funds are directed toward ecosystem growth, liquidity incentives, grants, and strategic initiatives. Airdrops are included in this allocation to incentivize early adopters and community engagement.
• Team (25%) – A significant portion of the supply is reserved for the Terrace team. These tokens are subject to a vesting schedule, with 25.1% locked, ensuring that developers, strategists, and contributors remain aligned with the project’s long-term success. This allocation incentivizes ongoing development and operational improvements.
• Launchpad Sale (10.6%) – This portion is dedicated to public sales through launchpad events. It provides liquidity for the token and facilitates broader market participation, allowing investors to acquire TRC tokens directly at launch.
• Angel Investors (7.5%) – Early-stage investors who contributed to the initial funding of Terrace receive 7.5% of the total supply. From this amount, 1.13% is unlocked, while 6.37% remains locked under a vesting schedule. These investors played a role in securing capital for Terrace’s development before the public sale phase.
• Seed Investors (6.7%) – Seed funding rounds allocated 6.7% of the total supply to early backers of the project. 6.68% of this allocation remains locked, ensuring investors remain committed to the project’s long-term growth.
• Advisors, Services & Other (6.2%) – This portion is designated for advisory roles, legal services, partnerships, and other strategic contributions. 6.22% of this supply is locked, ensuring a gradual release of tokens for services that support the project’s expansion.

TRC Vesting Schedule

The vesting schedule for TRC tokens ensures a controlled and gradual release of tokens to maintain market stability and align incentives among stakeholders. The distribution is structured as follows:

• Team (25%) – A total of 250 million TRC tokens are allocated to the team, with 0% unlocked at the Token Generation Event (TGE). These tokens follow a vesting schedule, ensuring that team members receive their allocations over time, preventing immediate liquidity that could affect market stability.
• Angels (7.5%) – Angel investors receive 75 million TRC tokens, with 15% unlocked at TGE. The remaining tokens are subject to a vesting schedule, ensuring early investors remain engaged with the long-term development of the project.
• Seed Investors (6.7%) – Seed investors are allocated 67 million TRC tokens, with 0% unlocked at TGE. These tokens remain locked and follow a vesting schedule to align with Terrace’s long-term objectives.
• Advisors, Services & Other (6.2%) – Advisors, service providers, and other strategic partners receive 62 million TRC tokens, with 0% unlocked at TGE. These allocations are vested over time to ensure continuous engagement with the project.
• Initial Liquidity & Market Making (5.3%) – This allocation consists of 53 million TRC tokens, with 100% unlocked at TGE. These tokens provide immediate liquidity, support trading activity on exchanges, and ensure smooth market entry.
• Untracked Allocation (49.3%) – A significant portion of the supply, 493 million TRC tokens, is categorized as untracked, with 0% unlocked at TGE. These tokens may be unlocked anytime, depending on project needs and market conditions.

Terrace’s Economic Design

Terrace’s tokenomics are designed to create a sustainable and scalable economic model. The fixed supply of TRC introduces scarcity, which can impact its value as demand within the platform increases. Incentive structures are aligned to encourage continuous user engagement, where token rewards are distributed based on contributions to the ecosystem.

Transaction fees within the Terrace platform are denominated in TRC, creating ongoing demand as users interact with the system. A portion of these fees may be burned or redistributed to token holders, acting as a deflationary mechanism to counterbalance inflation. And, staking rewards are structured to encourage long-term participation, ensuring liquidity and security across the platform. By combining deflationary measures with sustainable rewards, Terrace aims to maintain an economically balanced token ecosystem.

Terrace Governance

Terrace’s governance framework is designed to decentralize decision-making and involve the community in shaping the platform’s future. The TRC token serves as the primary mechanism for governance, allowing token holders to participate in various aspects of the platform’s development and operations. Governance decisions include protocol upgrades, adjustments to fee structures, and the implementation of new features. The system ensures that control is distributed among users rather than centralized entities.

TRC token holders can propose and vote on governance changes. To participate, users must stake TRC tokens, aligning their incentives with the long-term success of the platform. Staking enables both the submission of proposals and voting on existing ones. The governance model is structured to encourage active participation while preventing undue influence from any single entity. By engaging in the voting process, users contribute to shaping the platform’s future functionality and economic policies.

The proposal process starts when a TRC token holder submits a proposal. Proposals can range from technical upgrades to community-driven initiatives. Once submitted, the proposal enters a discussion period, during which the community can provide feedback, debate its merits, and suggest modifications. After this phase, the proposal moves to a voting stage where TRC token holders cast their votes based on the amount of staked tokens. A proposal is approved if it meets the required quorum and receives a majority of affirmative votes.

Conclusion

Terrace is a decentralized trading and portfolio management platform that aggregates liquidity across multiple exchanges, automated trade execution, and streamlines asset management. It offers advanced order types such as TWAP, iceberg, and limit orders, optimizing trading strategies while reducing market impact. The Pathfinder system automates cross-chain trading by identifying cost-efficient routes, improving execution efficiency. TRC serves as the platform’s utility token, facilitating transactions, governance participation, staking rewards, and access to premium features. Token distribution follows a structured allocation model, with a vesting schedule designed to maintain market stability and long-term ecosystem growth.