[1IP-52] Ladder trading via the 1inch limit order protocol
Title
Ladder is a free, open source crypto trading bot that automates the strategy of incremental buying or selling of a crypto asset (rather than opting for a single price).
Simple Summary
We will want to add support for 1inch limit orders to the ladder software.
Abstract
Trading crypto is a game of dealing with harsh volatility and the uncertainties of timing the market. Most traders get it wrong. Throw in human emotions and all you get is anxiety rather than profits.
Ladder trading is a strategy to minimize the risks and reap greater rewards. The ladder software automates the strategy while removing human emotions.
At the time of this writing, Ladder supports CEXes such as Coinbase and Bitstamp and Binance only. We are planning on adding support for DEXes.
Motivation
We will want to add support for 1inch limit orders to Ladder. This will allow our users to trade on a DEX while bringing volume to the 1inch network.
Specification
We will use the 1inch yet-to-be-released Go SDK. We will test-drive this new SDK and open PRs if needed. If things are unclear, we will work with the 1inch developers and fix or document things.
About Us
Ladder is developed by Stefan, a (Delphi and Rust and Go) developer and Ethereum consultant. In the past, Stefan worked for Macromedia and Adobe and 1Password. Stefan is the lead dev of a web3 implementation for the Delphi programming language. You can look at Stefanโs other projects here.
Funding Request
We believe we need 3 weeks to integrate the 1inch limit order protocol with the ladder crypto trading software and write a nice medium article that explains how to set Ladder up with 1inch.
We are asking for $6,000 in 1INCH tokens.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
StableLab | 1.516M | Yes |
0xD0Fc...303320 | 1.169M | Yes |
DAOplomats | 948,228 | Yes |
0xe222...01b198 | 749,438 | Abstain |
0x0f28...d3842e | 663,999 | Yes |
VOTE POWER
Proposal Status
- Tue February 06 2024, 05:56 pmVoting Period Starts
- Sun February 11 2024, 05:56 pmEnd Voting Period
Current Results
1-Yes
8.926M
2-Abstain
1.091M
3-No
65,411.536
