Dexbot is a market making project that is open source and funded by the Bitshares community. It is a bot that works on the Bitshares Blockchain and it can be a great tool for you to use in DynX Decentralised Crypto Asset Exchange.
Currently you can use Dexbot with 2 strategies: Relative Orders or Staggered Orders.
In simple terms, to work with relative orders you need to define a center price, define your spread and the Dexbot will place the orders. When you start filling orders, the bot will re-calculate the center price, and reset your orders as it goes on.
Staggered orders is a strategy that places a large amount of buy and sell orders at an interval defined by the user. Typically these orders cover the order book from very low prices to very high prices.
If you would like to learn more about this strategies, or the Dexbot, feel free to check their website, or join our discord.
In our server we have a dedicated channel to the Dexbot project. They also have a Telegram where the official team is very active and helpful.
Although DynX is not directly affiliated with Dexbot, we understand it’s value to the Bitshares community and we will be posting more articles about this project, and support the Bitshares market making community as we can.
To know more about DynX visit our website or come chat with us in Discord.
Note: This is not investment advice. Be aware that using Dexbot, does not guarantee any profits and you might lose all your crypto.