Velox Beta Has Launched!

The Velox UI with upcoming functionality.

It started with a simple idea

Velox began as the brainchild of Hannu Kuusi in early 2020. He set up a conditional trading bot which could do some pretty awesome functions:

  • Regularly execute token buys and sells on Uniswap with over 98% efficiency.
  • Calculate via the mempool when a condition was met and send a buy or sell order into the forming block.
  • Automatically adjust the gas price per issued transaction to ensure his trade would go through first, every time.
  • Dynamically adjust the amount of tokens he sold so that his buy or sell order would not raise or lower the price beyond the initial execution threshold.
  • Buy and sell a specified number of tokens based upon how the pricing of an asset shifted over a certain amount of time or blocks.
  1. How do you store and monitor dozens of trading strategies for tens of thousands of users across thousands of tokens all at the same time?
  2. How do you calculate the execution threshold and structure order submission given the highly liquid nature of AMMs?
  3. How do you prioritize wallet security and minimize contract risk for a trading bot without compromising functionality, wallet access, and user experience?

Velox turned into quite the lesson

Great things in tech are often unaccomplished, not because they have never been thought of before, but because they are too complex to execute correctly. This has been one of the best lessons the development team learned during the process of assembling the Velox algorithmic trading bot.

  1. New DEX Integration: Sushiswap — One of the most popular DEXs on the Ethereum Blockchain.
  2. New Functionality: %-change buys and sells — Execute orders based on price changes of a user defined percentage.
  3. New DEX Integration: Pangolin — The most popular DEX on the Avalanche Network.
  4. New Functionality: One-cancels-other (OCO) execution — Define multiple parameters for a buy and sell. Velox will only execute which ever comes first.
  5. New DEX Integration: Pancake Swap — The most popular DEX on the Binance Smart Chain.
  6. New Functionality: Dynamic Transaction Threshold — Velox will only buy or sell enough tokens up to or down to the execution threshold.
  7. New Functionality: Multi-strategy Execution Chains — User can conditionally link multiple orders together.

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Velox

Velox

The scalable, highly efficient trading bot for decentralized exchanges.