Iceberg

Icebergs are large limit orders where only a small visible portion is shown to the market. When the visible part fills, Terrace automatically refreshes the next portion at the same or adjusted price. This continues until the total parent size completes or is cancelled. Icebergs are supported on centralized venues that expose order-book visibility; on DEXs, Terrace simulates similar behaviour by slicing swaps into smaller atomic orders. This approach minimizes signalling risk, where other traders see normal flow rather than a single large sell or buy wall.