# Tradao GMX Grant Final Report

**URL:** https://gov.gmx.io/t/tradao-gmx-grant-final-report/3346
**Category:** GMX Grants Reports
**Created:** [March 21, 2024, 9:37am UTC](https://gov.gmx.io/t/tradao-gmx-grant-final-report/3346 "2024-03-21T09:37:48Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Wing](https://sea2.discourse-cdn.com/flex020/user_avatar/gov.gmx.io/wing/32/1913_2.png) [@Wing](https://gov.gmx.io/u/Wing)
#### Post date: [March 21, 2024, 9:37am UTC](https://gov.gmx.io/t/tradao-gmx-grant-final-report/3346/1 "2024-03-21T09:37:48Z")

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## Summary

In November 2023, Tradao was awarded a grant of 100,000 ARB by GMX to enhance GMX V2 through our advanced data analytics and comprehensive toolset. Throughout the grant period, we not only generated over $68M in trading volume, facilitated 1,600 transactions, and brought in 139 new trading addresses to GMX, but we also succeeded in attracting over 6,900 addresses to use Tradao for monitoring and following traders.

During this time, we completed the development of groundbreaking features for GMX, including the first permissionless copy trading platform, backtesting capabilities, grid trading, and a copy trading bot. Additionally, the launch of the Tradao copy trading contest marked a period of significant user growth and an increase in the number of transactions on GMX, powered by Tradao’s innovative solutions.

## Key Number

> **Off-chain Data**
> 
> - 12000 MAU, this MAU data came from Google Analytics(GA), Here is our GA sceenshot
> 
> - 6941 unique addresses using “Follow” to follow traders on Tradao. Here is the Galxe credential and some follow status of top traders on Tradao
> 
> **Onchain Data**
> 
> Since we passed the grant, we have contributed more than $68M in Trading Volume, 1600 transactions, and 88 new referral addresses to GMX. There are 2 different codes to count those metric. They are “Tradao” and “Tradaox”.
> 
> Check Code on GMX Referral: [GMX Referrals](https://www.gmxreferrals.com/arbitrum)
> 
> - Code of Tradao: It’s the old code we used before our copy trading function live without any incentive.
> 
> - Code of Tradaox: It’s the new code we created in January.

## Milestone & Result
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| Milestone | Details | Amount | Status |
| --- | --- | --- | --- |
| Copy-Trading | Beginners-friendly. Follow, copy, automate, and earn by copying the trades from GMX top traders based on their real-time PnL. | 20k $ARB | Done |
| Backtesting | Users will be able to do backtesting by setting the parameter with the GMX’s trader performance | 10k $ARB | Done |
| Copy-Trading TG Bot | Allow users to do copy-trading via telegram bot with AA wallet | 10k $ARB | Done |
| Grid Trading Bot | Allow trader to set up grid trading strategy on GMXv2 | 10k $ARB | Done |
| Audit | Engage a reputable audit firm to ensure safety | 20k $ARB | Done |
| Trading Competition | Campaigns for user engagement and rewards | 30k $ARB | Ongoing |

Milestone 1: Audit - Done

Audit Report: [publications/audit\_reports/PeckShield-Audit-Report-Tradao-v1.0.pdf at master · peckshield/publications · GitHub](https://github.com/peckshield/publications/tree/master/audit_reports/PeckShield-Audit-Report-Tradao-v1.0.pdf)

Milestone 2: Copy-trading - Done

Milestone 3: Backtesting - Done

Milestone 4: Copy Trading TG bot - Done

Milestone 5: Grid Trading Bot - Done

Milestone 6: Copy Trading Competition - Ongoing(6 Mar to 24 Mar)

[https://tradaoperp.medium.com/win-big-with-30-000-arb-dive-into-tradaos-revolutionary-copy-trading-competition-26492e6c67ee](https://tradaoperp.medium.com/win-big-with-30-000-arb-dive-into-tradaos-revolutionary-copy-trading-competition-26492e6c67ee)