Orderly Network and AI: A New Era of Trading
Orderly Network has launched an enticing bounty program in collaboration with Google Cloud and Empyreal. This initiative invites developers to create AI agents capable of autonomous trading on Orderly's platform, marking a significant leap in merging artificial intelligence with decentralized finance (DeFi).
The Goal: On-Chain Derivatives with AI
The bounty program is a strategic move to develop the first on-chain derivatives platform that fully supports AI agents. By entrusting independent developers with the task of creating these agents, Orderly aims to harness the latest AI and Web 3.0 technologies to automate transactions.
Program Launch at TOKEN2049
Details about this program will be disclosed at TOKEN2049 in Singapore on September 18-19, 2024. The campaign will begin immediately thereafter, spanning several weeks. Developers who successfully create and deploy AI agents will share the prize pool, being judged on profitability and innovation.
From Sophisticated to Intermediate Traders
Initially, these AI agents will be tailored for advanced traders. However, Orderly plans to expand the use of these technologies to intermediate traders who wish to engage in derivatives trading without needing coding expertise.
Google Cloud's Role in DeFi
Orderly uses Google Cloud to support its user-centric developer tools, reducing barriers in the DeFi space. This partnership focuses on off-chain components crucial for self-custody and transparency. The AI bounty program is the latest endeavor in this collaboration, aiming to attract Web 2.0 developers to Web 3.0 development.
Key Industry Voices
Arjun Arora, COO of Orderly, emphasized the potential of AI in transforming on-chain trading, inviting both Web 2.0 and Web 3.0 developers to innovate. Rishi Ramchandani from Google Cloud highlighted their mission to equip developers with secure and scalable AI technology. Empyreal's Johnny Khan expressed excitement about integrating their SDK into this initiative.
The Growing Impact of AI Agents
AI agents are crucial in automating trading tasks and are gaining momentum in crypto. They are particularly useful in perps trading, where they handle multiple data sources to make optimal decisions as market conditions fluctuate.
Wider Implications of AI in Crypto
Beyond derivatives, AI agents hold promise in areas like prediction markets, staking, and gaming. They can access on- and off-chain data to perform actions like trading and cross-chain transfers, simplifying complex decision-making for traders.
About Orderly Network
Orderly Network aims to revolutionize Web 3.0 trading with its cloud liquidity infrastructure. By supporting deep liquidity across blockchains, Orderly strives to make DeFi accessible to all, empowering both traders and developers.
