Weekly update: Risk management, DEX integration, and platform updates
Please push your tray tables into an upright and locked position, because we have another weekly wrap up landing right now!
We hope that you’ve made it through the week and are looking forward to hearing about some of our latest platform developments. We’ve got more info to toss your way on the progression of our UBXT wallet and manual trading features.
In addition, we also have updates regarding the Covalent API integration for data visualization with connected ETH wallets.
To top off this tasty salad of updates, we have a brand new edu article out and also a new addition to the team!
Crypto article: Risk management
Our newest educational article is all about trading risk management in crypto. Have you been assessing your risk before placing trading orders? If not then it might be time to start learning some valuable risk management tips.
Having knowledge of risk management and practicing it will help protect your portfolio from sudden market downturns. Check out our most important trading risk management tips in our latest blog post.
Bulent joins the UpBots team
We’d like to take a moment to welcome Bulent to the UpBots team!
Bulent will be joining the marketing team to help us progress through the next exciting phase of our development. We’re all looking forward to working with him!
Platform updates
Covalent API: Integration of decentralized exchanges
Currently, the UpBots dev team has implemented the Covalent API to display data visualizations for connected ETH wallets. As of now, data related to an ETH wallet’s balance, transactional history, and growth or decline of held tokens can be displayed.
Right now the team is working to integrate support to display data from decentralized exchanges. This includes details related to staking, liquidity pools, and other relevant data found on DEXs.
Including support for DEX data is important considering the UpBots platform supports DEX swaps and other DeFi features. Allowing users to access real-time data on their staking positions and liquidity pool participation is needed for those investing in DeFi projects.
UBXT wallet transactions being added
Currently, a UBXT wallet can be generated and deposits or withdrawals made in our testing environment. What we are developing right now is the ability to allocate funds to your UBXT wallet which will allow us to turn on the nuclear reactor that powers our tokenomics.
With UBXT wallets being active on platform it will allow users to pay performance fee’s, allow Algo Developers to become total passive income ballers, as well as do cool stuff relating to the DAO when we launch that (more on this later).
Many more UBXT wallet updates are sure to come so stay tuned.
Manual trade basic order submissions
Limit and market orders can already be submitted using the basic manual trading feature in our testing environment. The next milestone for basic manual trading is providing updates for limit and market orders of all crypto pairs.
Updates regarding orders will detail to users if they were successfully submitted or not and will be saved to their order history. We’ll have more updates about manual trading as the feature progresses.
And now a meme from our community…
Have a question about the algo bots or the UpBots trading platform? Then come join our Discord server!
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