Tradao Grant Bi-Weekly Update

GMX Grants Reports
1

Tradao Grant Bi-Weekly Update - December 13, 2023

I. Executive Summary:

  1. Roadmap Progress

    • Development of Copy-Trading Function: We have completed the main smart contract component, which is currently undergoing an audit by Peckshield. The audit results are expected by the end of this week. Following this, we will proceed with frontend deployment and function testing, aiming to complete these steps by the end of the month. Our progress aligns with the established roadmap.

  2. Milestone/KPI Achievements

    • Pre-Launch Success: Although the copy-trading feature is yet to be released, and hence related KPIs (transaction numbers and new GMX address acquisition) have not commenced, we have a notable achievement to share. From November 27, 2023, to the date of this report, we’ve attracted nearly $5M in trading volume on GMX through our referral link, without any additional trading incentives.

  3. Dune Dashboards Development

    • Custom Dashboard Page: We are in the process of creating our dashboard page, which will be launched following the completion of the copy-trading function. This dashboard will not only feature KPI data but will also include other relevant information. Additionally, we are open to displaying necessary data on the Dune dashboard if needed.

II. Current Progress:

  1. New Feature Implementation

    • Trader’s Trading Volume Data: We’ve enhanced the trader’s profile by including their trading volume data. This information is now accessible on the trader’s detailed profile and can also be retrieved via the tradaogmxbot command, making it easier and clearer for users and the community to view a trader’s trading volume and find out which address contributed most in the trading volume.
      imageimage

  2. Enhancement of Buy & Sell History Visualization

  • Improved Preference Section: We’ve upgraded the Preference part to provide a more intuitive and clear representation of trading patterns, enhancing the overall visibility of the buy and sell history.
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III. Community Engagement:

  1. Social Media Milestone: Our Twitter followers have reached 4,000, reflecting growing interest and engagement in our platform.
  2. Onchain Derivative Data Sharing: We’ve started sharing cards capturing GMX onchain derivative data snapshots (covering the period from December 3 to December 10) in the GMX community. This initiative will continue with at least one update shared weekly, keeping the community informed and engaged. And more interesting cards will be shared
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IV. Partnerships and Collaborations:

  1. Smart Contract Development Completion and Upcoming Announcement:
    • Our partnership with Biconomy is a key element of our copy-trading feature, which utilizes AA wallets powered by them. With the completion of the smart contract development for copy trading, we are excited to announce further details about this collaboration soon.

Open for Questions:
We welcome any questions or inquiries you might have regarding our recent updates and future plans. Feel free to reach out to us!

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Tradao Grant Bi-Weekly Update - December 27, 2023

I. Executive Summary:

a) Roadmap Progress

  • Development of Copy-Trading Function: Our audit report has already been released and uploaded on Peckshield’s Git Hub. Because of the Christmas and New Year holidays, the Copy-Trading development is now at the last stage, and the beta testing would come out by the next Bi-Weekly Update.

Audit Report: publications/audit_reports/PeckShield-Audit-Report-Tradao-v1.0.pdf at master · peckshield/publications · GitHub

b) Milestone/KPI Achievements

Pre-Launch Success: Although the copy-trading feature is yet to be released, and hence related KPIs (transaction numbers and new GMX address acquisition) have not commenced, we have a notable achievement to share. From December 13, 2023, to the date of this report, we’ve attracted nearly $2M in trading volume on GMX through our referral link, without any additional trading incentives.

c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page, which will be launched following the completion of the copy-trading function. This dashboard will not only feature KPI data but will also include other relevant information. Additionally, we are open to displaying necessary data on the Dune dashboard if needed.

II. Current Progress:

  1. New Feature Implementation

  2. Social Login: We have developed the social login function and are now doing the final testing on our testnet. It will be launched soon with the copy-trading function

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  3. PnL Card: We designed the PnL Card to show the performance of the trader and that would encourage users to be more willing to share via the PnL Card

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III. Community Engagement:

  1. Social Media Milestone: Our Twitter followers have reached 6,000, reflecting growing interest and engagement on our platform.

IV. Partnerships and Collaborations:

There are some partnerships that are being processed but not finalized yet. More details would be announced when they are finalized.

Open for Questions:
We welcome any questions or inquiries you might have regarding our recent updates and future plans. Feel free to reach out to us!

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Tradao Grant Bi-Weekly Update - January 10, 2024

I. Executive Summary:

a) Roadmap Progress

  • Development of Copy-Trading Function: Copy-trading deployment is nearly finished. We are now starting internal testing and will invite some users to join next week’s upcoming testing.

b) Milestone/KPI Achievements

Pre-Launch Success: Although the copy-trading feature is yet to be released, and hence related KPIs (transaction numbers and new GMX address acquisition) have not commenced, we have a notable achievement to share. From December 27, 2023, to the date of this report, we’ve attracted nearly $15M in trading volume on GMX through our referral link, without any additional trading incentives.

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c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page, which will be launched following the completion of the copy-trading function. This dashboard will not only feature KPI data but will also include other relevant information. Additionally, we are open to displaying necessary data on the Dune dashboard if needed.

II. Current Progress:

  1. Completed the copy trading function

  2. Developing the Profit Share function

  3. Optimizing the DOC of copy trading function

III. Community Engagement:

No Update

IV. Partnerships and Collaborations:

New partnership with Triathon: https://twitter.com/TriathonLab/status/1740330800481247285
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Some partnerships are being processed but not finalized yet. More details will be announced when they are finalized.

Open for Questions:
We welcome any questions or inquiries you might have regarding our recent updates and future plans. Feel free to reach out to us!

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Tradao Grant Bi-Weekly Update - January 24, 2024

I. Executive Summary:

a) Roadmap Progress

  • Development of Copy-Trading Function: Copy-trading deployment is already finished. Our internal testing is now in the final stage, and we are fixing the bug.
  • Development of Backtesting: The product design is already finished. Now designing the UI/UX.

b) Milestone/KPI Achievements

Pre-Launch Success: Although the copy-trading feature is yet to be released, and hence related KPIs (transaction numbers and new GMX address acquisition) have not commenced, we have a notable achievement to share. From January 10, 2024, to the date of this report, we’ve attracted nearly $10M in trading volume on GMX through our referral link, without any additional trading incentives.

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c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page, which will be launched following the completion of the copy-trading function. This dashboard will not only feature KPI data but will also include other relevant information. Additionally, we are open to displaying necessary data on the Dune dashboard if needed.

II. Current Progress:

  1. Testing the Copy Trading Function

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  1. Fixing the bug

  2. Finished the Profit Share feature

III. Community Engagement:

No Update

IV. Partnerships and Collaborations:

Some partnerships are being processed but not finalized yet. More details will be announced when they are finalized.

Open for Questions:
We welcome any questions or inquiries you might have regarding our recent updates and future plans. Feel free to reach out to us!

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Tradao Grant Bi-Weekly Update - February 7, 2024

I. Executive Summary:

a) Roadmap Progress

    • Development of Copy-Trading Function: Copy-trading function testing is finished, and we will start to invite the community to use it.

  • Development of Backtesting: The UI done and now under develop

  • Development of Copy Trading TG bot: Now in product design stage.

b) Milestone/KPI Achievements

Pre-Launch Success: Although the copy-trading feature is yet to be released, and hence related KPIs (transaction numbers and new GMX address acquisition) have not commenced, we have a notable achievement to share. From January 24, 2024, to the date of this report, we’ve attracted nearly $4M in trading volume on GMX through our referral link, without any additional trading incentives.

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Milestone 1: Audit - Done
Milestone 2: Copy-trading - Done
Milestone 3: Backtesting - Processing
Milestone 4: Copy Trading TG bot - Processing
Milestone 5: Grid Trading Bot - Processing

c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page, which will be launched following the completion of the copy-trading function. This dashboard will not only feature KPI data but will also include other relevant information. Additionally, we are open to displaying necessary data on the Dune dashboard if needed.

II. Current Progress:

  1. Optimize the users experience of copy trading

  2. Developing the backtesing function

  3. Designing the TG bot for supporting copy trade

III. Community Engagement:

Twitter followers reach almost 9k

IV. Partnerships and Collaborations:

Joined a joint campaign with 12 projects hosted by Debox & MetaDex

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Open for Questions:
We welcome any questions or inquiries you might have regarding our recent updates and future plans. Feel free to reach out to us!

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Tradao Grant Bi-Weekly Update - February 21, 2024

I. Executive Summary:

a) Roadmap Progress

  • Development of Copy-Trading Function: Done

  • Development of Backtesting: The UI done and now under develop

  • Development of Copy Trading TG bot: 90% done

  • Development of Grid Trading TG bot: Now designing the product and the UI

b) Milestone/KPI Achievements

Pre-Launch Success: From February 7, 2024, to the date of this report, we’ve attracted nearly $500k in trading volume on GMX through our referral link, without any additional trading incentives.

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Milestone 1: Audit - Done

Audit Report: publications/audit_reports/PeckShield-Audit-Report-Tradao-v1.0.pdf at master · peckshield/publications · GitHub

Milestone 2: Copy-trading - Done

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Just started to invite the first batch of users to try, the new referral is 14 and the volume is 190k within a week, without any additional trading incentives.

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**Milestone 3: Backtesting - Processing **
**Milestone 4: Copy Trading TG bot - Processing **
Milestone 5: Grid Trading Bot - Processing

c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page. At the moment, the volume, trades and referral can be checked from gmxreferral.

    • Normal trade via Tradao: Search Tradao

    • Copy Trade via Tradao: Search Tradaox

II. Current Progress:

  1. Inviting experienced users to try copy trading

  2. Developing the backtesing function

  3. TG bot for managing copy trading will be finish within few days after this biweekly report submitted

  4. Deploying an event page for upcoming trading competition

III. Community Engagement:

Twitter followers reach 11k

IV. Partnerships and Collaborations:

NA

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Tradao Grant Bi-Weekly Update - March 6, 2024

I. Executive Summary:

a) Roadmap Progress

    • Development of Copy-Trading Function: Done

  • Development of Backtesting: The UI done and now under develop

  • Development of Copy Trading TG bot: Done

  • Development of Grid Trading TG bot: The UI done and now under develop

  • Copy Trading Competition: Started

b) Milestone/KPI Achievements

Pre-Launch Success: From February 21, 2024, to the date of this report, we’ve attracted nearly ~$900k in trading volume on GMX through our referral link, without any additional trading incentives.

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Milestone 1: Audit - Done

Audit Report: publications/audit_reports/PeckShield-Audit-Report-Tradao-v1.0.pdf at master · peckshield/publications · GitHub Milestone 2: Copy-trading - Done

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The copy trading competition just started from 6 Mar to 24 Mar. The data below is recorded before the competition without any additional trading incentives. During invite-only testing, there was an increased ~1.8M trading volume.

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Milestone 3: Backtesting - Processing Milestone 4: Copy Trading TG bot - Done

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Milestone 5: Grid Trading Bot - Processing

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

c) Dune Dashboards

  • Custom Dashboard Page: We are in the process of creating our dashboard page. At the moment, the volume, trades and referral can be checked from gmxreferral.

    • Normal trade via Tradao: Search Tradao

    • Copy Trade via Tradao: Search Tradaox

II. Current Progress:

  1. Developing the backtesing function

  2. Developing the Grid Trading function

  3. Keep tracking the result and feedback of the copy trading competition

III. Community Engagement:

  1. Twitter followers reach 18k

  2. Copy Trading Competiotion Started

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IV. Partnerships and Collaborations:

NA

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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

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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

  • Code of Tradao: It’s the old code we used before our copy trading function live without any incentive.

    • Time: 1 December to 20 March

    • Trading volume: $39,785,248

    • Traded: 732

    • New Address: 18

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  • Code of Tradaox: It’s the new code we created in January.

    • Time: 1 Jan to 20 March

    • Trading volume: $29,141,148

    • Traded: 880

    • New Address: 121

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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

Milestone 2: Copy-trading - Done

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Milestone 3: Backtesting - Done

1500Ă—550 19.6 KB

1799Ă—597 46.7 KB

Milestone 4: Copy Trading TG bot - Done

Milestone 5: Grid Trading Bot - Done

2202Ă—1282 132 KB

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

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