ID: #1000104 | Status:
In progress

Last updated 35 days ago

Market Making and High Frequency Trading on Cardano

Problem

In traditional finance, trading bots are often used for market-making to boost liquidity. While various bot frameworks exist, they are not Cardano-compatible.

Solution

We will provide an open-source bot framework for Cardano to improve MuesliSwap's liquidity. This flexible tool will enable user customization to decentralize market-making on Cardano.

Total to date

This is the total amount allocated to Market Making and High Frequency Trading on Cardano. 3 out of 4 milestones are complete

₳60,000
Total funds requested
Distributed: ₳45,000
Remaining: ₳15,000
10/23
01/24
02/24
03/24
Complete
In Progress
To be completed
418
Total Votes
₳192M
Votes Yes
₳116M
Votes No

Monthly report

NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here

Progress report

Status:
On track: No
Estimated completion date: -

Progress report

Status:
On track: No
Estimated completion date: -

Team

The MuesliSwap Team is well-known in the community and credited with delivering high-tech solutions. They started the first DEX on Cardano, months before its competition launched, and to date provides the only hybrid AMM-Orderbook DEX with integrated DEX Aggregator.

The Team has also already completed two projects funded in Fund 9 of Catalyst and deployed the first of these projects publicly accessible. As a large team of dedicated techies, they have the competence and capacity to complete this project in time and with high quality.

MuesliSwap Team
MuesliSwap Team