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I built an AI crypto trading bot with $0.5+ billion trading volume. Ask me anything!
Launched in 2020, at peak in 2021 managed $12.4M in assets, in total generated $550M in trading volume through CEX like Binance, Coinbase, and Kraken. All trades were executed by AI!
The project almost collapsed during the 2022 FTX crash and trading bot FUD!
A lot of lessons learned!
Ask me anything!
P.s.: today launching an AI DeFi product 👀
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Mike Arteta
Are DeFi trading bots possible? How would you implement AI to a self-custodial wallet, connected to a DEX?
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@mike_arteta DeFi trading bots are possible. You can either host a bot as a smart contract and give "access" to your funds on a self-custodial wallet.
Or you can make a separate smart contract (vault) which is managed by a bot. You will need to deposit assets to the vault for the bot to trade and withdraw when you want to take profit.
@theiblb the product could be used by everyone with an account on Binance, there was no knowledge required - complete One Click set-and-forget experience.
We used Performer models (early variations of GPT) back in 2019-2020 when developing the first concepts of the AI trading strategy.
It felt like something unique and very interesting. I remember watching AI make trades every night and wondering how did it make decisions.
Wow, your journey with the AI-driven project sounds like a rollercoaster ride! 🎢 Launched in 2020, reaching a peak in 2021 with $12.4M in assets and generating $550M in trading volume through major CEXs is impressive! The FTX crash in 2022 must've been a tough hurdle, but I'm glad to hear you learned valuable lessons from it.
I'm super curious about your AI DeFi product! DeFi is taking the crypto world by storm, and with AI added to the mix, it's bound to be groundbreaking! 🚀
By the way, have you considered exploring a white label crypto exchange from TinyTrader https://tinytrader.com? They might have tools or solutions aligning with your project's vision.
Is it still a good time to build in Cefi, or would it be overall a better idea to build in Defi?
@romain_blumberger CeFi with all the regulatory scrutiny looks more and more challenging for builders. Also, CeFi market has gotten quite saturated. Building in DeFi is relatively easier and less competitive. The niche is still small with a lot of upside potential
@romain_blumberger be sure to check out launch today! - https://www.producthunt.com/post...
@kronii__ouro right timing and good execution. 99% startups (especially in web3) now fail because the cannot execute on their promises. Work on your operational excellence
Congratulations on another success. Do you think this volume is now the limit for the bot or will it increase in the future?
The introduction of artificial intelligence is our future and I am glad that you are using and implementing it in your product. How much will the job depend on him?
Could you tell me more about your new AI DeFi product? What sets it apart from other DeFi products in the market?
Your project sounds very impressive and unique. Artificial intelligence has already reached the auction xD. I am sure that you have encountered many difficulties and challenges along the way. What are the most important lessons you have learned from your experience that you would like to share with others? I was very interested in this topic. Do you plan to use your bot for other tasks? How did you choose cryptocurrencies for trading and what factors influenced your strategy?
This nice. Incase of building up what are the necessary procedure to follow to have a better result?
