DOPEX X UNIBOT
As the cryptographic currency space grows, clever individuals develop new and innovative ways of accessing DeFi protocols through - some could say - non-conventional methods.
With over $28m in cumulative volume and unique users growing day by day (see this handy Dune dashboard), one such method seems to have tapped into a brand new market.
WHAT IS UNIBOT?
Unibot is a Telegram trading bot that allows users to conduct a number of on-chain activities directly via the Telegram app.
These range from a number of interesting things (see their docs for a full outline of features) such as:
- Limit orders (setting a buy or sell order for a token)
- Mirror snipers (replicating a trading strategy of a specific wallet)
- Private transactions (hiding your transaction for increased privacy and sandwich attack protection
Most importantly, all of this can be done from your mobile device - no need to lug your so-called “Personal Computer” to Haeundae Beach to conduct your trades!
…and what a clever little interface. :dopexsmirk:
WHAT DOES THIS HAVE TO DO WITH DOPEX?
You may notice that Unibot does not currently offer leveraged trading.
You may also have noticed that Dopex does offer leveraged trading via our new Option Scalps product.
Our partnership with Unibot will allow Unibot users to open 1 minute to 4 hour positions with up to 110x leverage via their Telegram bot. This is facilitated by a back-end integration that will plug into Dopex contracts, meaning by providing liquidity for Scalps, you will earn trading fees from this new segment of users. Unibot will earn a share of fees for positions that are routed through their interface.
For our current scalp traders, this also gives you the flexibility of opening and closing positions in a mobile-friendly manner.
A proverbial “win” “win” for all involved!
So goes the motto of I, Nutoro, CEO of Diamond Pepes Pty Ltd.
As the DeFi landscape evolves, it is important to ensure that Dopex continues to evolve with it. We are looking forward to welcoming all new Unibot users to our platform and giving our existing users more flexibility in how they trade.
Of course, the Dopex x Unibot integrations do not have to be limited to Scalps only. We intend to explore all avenues of integrations for our other product lines.
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner. Dopex uses option pools to allow anyone to earn a yield passively. Offering value to both option sellers and buyers by ensuring fair and optimized option prices across all strike prices and expiries. This is thanks to our own innovative and state-of-the-art option pricing model that replicates volatility smiles.
Follow our official social media accounts and visit our website to stay up to date with everything Dopex.
Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Dopex.