DEXBot 15/10/19
Permie
DEXBot’s presentation at the BitShares conference on the 10th of October was a success. See the slides here: https://steemit.com/bitshares/@dexbot/dexbot-presentation-bitshares-video-conference-10-10-19
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Single Account Multiple Workers has been worked on and is ready a merge is scheduled for release this week, after a delay of dev availability.
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Mirrored Arbitrage logic is being developed in stages. With a simplified beta version to be able to test and check the core code functions as expected.
Update: Beta logic being developed this week:
- pick trade pair, cex exchange
2)user choice on spread depth e.g 5 trades deep, for buy and sell side. User choice on trade intervals, i.e 5 seconds. - use 90% of the deposit available for bid/ask balance - ideally start with 50% of each asset. Reserve 10% for paying fees.
- Every 5 seconds pull the orderbook and then normalsie the the volume down to the volume that the user has to put to work. There is a normalised array for each price point for say 5 trades deep built from a scale of 0-1. Then this multiplier is used to scale how much of the users balance to use for each trade on the DEX.
Once the amount is calculated, the orders are placed on the DEX.
- wait 5 seconds, then remove the orders from the DEX
- update the orders to mirror the CEX orderbook.
This will result in more visible liquidity on the DEX for really dead markets. - Working on implementing a kill switch so that if the balances on the DEX orderbook are skewed towards one side of the trade halt the bot and allow the user to rebalance.
An additional dev has been tasked and is working this week on auditing the cli implementation of this Mirrored liquidity beta and will soon develop the GUI.
The beta release scheduled for the end of October.
Roadmap for development includes Mirrored Arbitrage that makes limit orders on the DEX at a price % off-set from an opposing order placed by a 3rd party on a CEX. If DEXBot’s limit order on the DEX fills, DEXBot will immediately close the trade at a profit by taking from the CEX. The Beta release will be ready for user testing, but should be used with extreme caution as it will still be under development.
Mirrored Arbitrage will create liquidity on the DEX and ideally will be used to provide liquidity for bts against BTC and USDT, creating a viable pathway between the DEX and CEXs.
Async development for pybitshares is still in development but has taken a back-seat while the devs work on making improvements in Staggered Orders. Other options such as multi-threading for speeding-up DEXBot core are also being explored.
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DEXBot strategy video tutorial is being scripted and talks to find an appropriate video editor are in progress.
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DEXBot is fully funded if the bts price is >$0.05. While the bts price is lower than this, DEXBot's arbitrage feature is the primary focus and extra tasks requring addtional developers are still on hold.