The NIOX Maker, part of NIOX Suite by Autonio, now supports Loopring Exchange, an Ethereum zkRollup DEX. It’s live and ready for the public to start trading and market making with. You can begin running your strategies here.
Autonio Foundation’s automated trading tools and infrastructure, especially the NIOX Maker, are a perfect match for the high performance engine offered by Loopring. Combined, users are able to deploy active liquidity provision strategies on a gas-free, non-custodial Ethereum exchange. This means users can maintain self-custodial security of their assets, while trading at high-speeds, low-fees, and hopefully earning attractive returns on the liquidity they provide.
The NIOX maker can substantially increase liquidity on a venue by allowing its users to harness innovative algorithms, complex calculations and thousands of data points gathered from the exchange it is running on — all presented in an intuitive UI. It helps turn enthusiasts, including non-technical ones, into market makers. This module of the NIOX suite contains a set of different strategies to make sure it fits the purpose and intention of the trader/liquidity provider using the module.
The basic strategies that are built-in can create liquidity in several different ways. You can find more detailed instructions in the NIOX Maker Manual.
The market maker currently has 3 strategies which the user can implement, with more variations to be added over the next few weeks.
The NIOX maker lets you set three parameters to make it run as intended.
You can access the NIOX maker at maker.autonio.foundation. Registration and set up will not take more than a few minutes for the first time. Also make sure to visit Autonio’s Trading channel for support or the website for documentation.
Loopring is a leading layer 2 protocol delivering a high performance, low cost exchange and payment protocol on Ethereum. Loopring takes an approach known as zkRollup proposed by Vitalik Buterin. zkRollup migrates most computations off-chain and only broadcasts exchanges’ new state roots and their corresponding proofs onto Ethereum. Loopring’s throughput is as high as 2,025 trades per second, without sacrificing any Layer 1 security at all. The corollary is that the cost per trade settlement is as small as $0.00015 USD. Loopring’s performance is sufficient for professional traders and market makers to deploy algorithmic strategies and other automated trading bots.
The Autonio Foundation is a decentralized autonomous organization with the vision to build a prosperous community around algorithmic trading. To achieve this, Autonio has introduced NIOX Suite that contains NIOX Terminal, NIOX Maker, NIOX Smartdex, NIOX DAO, NIOX AI (work in process). Autonio’s toolkit is making it easier for crypto traders to conduct trading analysis, deploy trading algorithms, exchange crypto currencies, sell their strategies and pool funds for trading purposes. These tools and services provide an infrastructure that enables developers to build and users to employ powerful auto trading tools to navigate the DeFi ecosystem with security, profitability and ease.
As part of this collaboration, we will work together to ensure there are attractive opportunities available to NIOX Maker users on Loopring.io. For example, it can be a liquidity mining campaign for certain pairs (such as NIOX/ETH and others) that is only eligible to NIOX Makers. In fact, the NIOX token was recently listed on Loopring’s zkRollup for transfer support: meaning anyone on Loopring’s layer 2 can send NIOX to another user very quickly, and gas-free (and for now, completely free).
There are many other efforts that can motivate novice and advanced users alike, and mobilize capital and liquidity provision on Loopring Exchange with Autonio tools. This marks the beginning of an effort to further democratize access to high performance trading tools and infrastructure to help push the boundaries of DeFi. Over the next few weeks we will release more information about our joint plans and campaigns, how Autonio Foundation will be building tools on top of Loopring 3.6, and why the new update is about to change the game.
This article also appears in Autonio’s blog.
Note: there is risk in any trading strategy, market making included. Please do not conflate this tool with being a guaranteed profit-generator. Market making is a competitive business, the above is a tool to help get started.
Loopring is a protocol for scalable, secure exchanges and payments on Ethereum using zkRollup. You can sign up for our Monthly Update, learn more at Loopring.org, or check out exchange & payment at Loopring.io.
Autonio Integrates Loopring Exchange Into NIOX Market Making Software was originally published in Loopring Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
Community | !!200만원 내 원하는 선물!! 푸페이 혜자 이벤트 !!~~~^^
Community | 커뮤니티 예의는 지켜주세요 ♥
Community | [crypto cash] 크립토 캐시 그것이 알고싶다.
Community | 상장사 이름을 알려주세요
좋은정보 감사용 추천하고 갑니다 코로나 조심하시고 예수님 믿고 구원 받으세요
Community | [crypto cash] 크립토 캐시 그것이 알고싶다.
Write a post
Are you sure you want to delete this post?
Are you sure you want to delete this comment?
Purchase has been completed.
닉네임을 설정 후 작성해주세요.