DEXBot Project Status 26 Sept 2019
Permie
DEXBot is currently out of the funding zone and has been since mid-august.
After a few weeks of being voted-out DEXBot development was slimmed down to focus on only the most important tasks: testing, CEX-DEX Arbitrage, Single Account Multiple Workers, bug fixing and build-maintenance to release updates.
The priority of the project is to have the CEX-DEX feature tested and released before the reserve funds are depleted. To this end the Lead Developers work on the CEX-DEX arb feature has taken priority.
CEX-DEX Arbitrage is an important feature to keep the prices of DEX assets in-line with the wider market. Mirrored Liquidity Arbitrage allows the order book depth on CEX’s to be copied onto the DEX, building liquidity and resisting volatility on the DEX. These are both features that support the health of the market on the DEX.
Multi-processing for is being developed specifically within the CEX-DEX arb feature and can be expanded to be used in DEXBot base in future.
The second priority is to test and release the Single Account Multiple Workers feature.This will allow market makers to trade multiple pairs at the same time, allowing for a kind of hedge. Price movements across multiple pairs all traded against each other are unlikely to all move in the same direction at the same time. This is good for market makers.
Unit Tests of DEXBot are complete:
Committee Member and DEXBot’s unit tester bitProfessor has completed:
Staggered Orders Unit Tests
Relative Orders Unit Tests
Base Strategy Unit Tests
King Of The Hill Unit Tests
Single Account Multiple Workers Unit Test
New Features Under Discussion:
Portfolio Rebalancer: Market Makers benefit from a diversified portfolio to hedge against large-volatility risk. DEXBot could assist by developing a portfolio rebalancer to maintain a hedged portfolio that the DEXBot user can use as a foundation to improve their market making.
DEXBot features are market driven and discussed and implemented where DEXBot can bring the most benefit to the health of the DEX markets.
Stop-Loss feature - a Stop Loss is a highly desired feature for trading on the DEX. DEXBot is a good tool to implement this feature as the logic can be performed off-chain within the users DEXBot instance. If the users Stop Loss was implemented on-chain the information and trigger-price set by users would be public and easy targets for stop-hunters to attack the price so that stop-loss orders could be called and bts sold, pushing the price down further and allowing the stop-hunter to profit from a short-sell.