LogX Rolls Out AI-Powered Trading Bots Built by Empyreal to 160K Perps Platform Users
Groundbreaking Bots Are the First Major Demonstration of Empyreal’s Capabilities to Harness On-Chain Automation Scaled to Millions of Users
[Omnichain — June 25th, 2024] Empyreal, a developer of modular infrastructure enabling automation and AI-powered functionality, announced the launch of a breakthrough feature for LogX, giving the derivatives platform’s nearly 160,000 users access to fully customizable, AI-powered trading bots. This is the first major demonstration of Empyreal’s capabilities to utilize on-chain automation scaled to potentially millions of users.
The trading bots built by Empyreal take personal emotions out of the trading equation. The bots can be programmed to execute sophisticated strategies from advanced perpetual traders seeking to optimize their returns, and they also come with backtested out-of-the-box strategies for newer traders looking to gain experience in decentralized finance.
In a four-week-long trial testing phase, more than 1,100 AI trading bots were created by LogX users. Empyreal's architecture ensures the bot program is scalable to millions of concurrently running bots, meaning each LogX user can create and run one or more bots executing different trading strategies.
“LogX is redefining the DeFi revolution by bridging the gap between DeFi’s potential and the sophistication of traditional trading through the power of AI,” said Anshu, Co founder from LogX. “Empyreal absolutely delivered in providing this AI trading bot solution on an unprecedented scale on-chain. We are proud to partner with Empyreal as we continue to make LogX the leading perps DEX for traders.”
One factor making LogX and Empyreal natural partners is their shared vision for an omnichain Web3, where intelligent infrastructure abstracts away technology complexities, providing builders and users with the simplest and best possible experience.
As an example of this, to solve persistent issues of liquidity fragmentation across multiple blockchains, LogX integrated with Orderly Network’s unified liquidity layer, giving users access to multiple liquidity sources through a single, user-friendly interface.
“We are excited by the possibilities that Empyreal’s tech unlocks for our partner LogX and every trader seeking the best user experience at competitive prices,” said Arjun Arora, COO of Orderly Network. “This is another step forward in Orderly's commitment to offering an unparalleled trading environment in the perps market.”
The LogX AI trading bots program is the first major product launch by Empyreal, which provides modular infrastructure allowing projects to rapidly leverage real-time data, intelligent automation, and account abstraction to add new AI-powered features and use cases.
The potential applications of Empyreal’s tech are broad in scope, with use cases including automated yield strategies, user security, protocol fraud detection, and more.
Empyreal’s leadership team has decades of experience at FAANG companies (including Meta and Google) and in DeFi. They see not only the exciting potential presented by Web3, but also the complex challenges facing developers. Empyreal set out to meet the pressing and unmet need of streamlining and simplifying the tangled pathways of Web3 development without sacrificing privacy, security and innovation.
“We are proud to partner with LogX on the AI trading bot program, and to show for the first time how powerful the tech we’re building is,” said Johnny, founder and lead developer of Empyreal. “We’re looking forward to showcasing the adaptability of our modular infrastructure to a wide variety of use cases in the very near future. Stay tuned.”
The announcement with LogX is the first in a series of significant advances Empyreal is making this year to democratize Web3 development.
Empyreal’s AI trading bots on LogX include the following features:
Backtested Strategies: Ready-to-use AI-powered strategies for popular trading pairs based on live and historical market data.
Grid Trade: Create a grid of buy and sell orders within a predefined price range to capitalize on normal price fluctuations by executing multiple trades that cumulatively aim to secure profit from small price movements.
Dollar Cost Average (DCA): Long or short assets at regular intervals to reduce the impact of volatility and achieve a more favorable average entry price over time.
DeFi users can create and utilize their own AI trading bots on LogX’s derivatives platform by visiting: https://logx.trade/.
To stay up-to-date with Empyreal’s developments and to inquire about partnering with Empyreal, visit: https://empyrealsdk.com/.
About Empyreal:
Empyreal is a developer of modular infrastructure enabling automation and AI-powered functionality for Web3 builders. Empyreal enables projects to rapidly leverage real-time data, intelligent automation, and account abstraction to add new AI-powered features and use cases. Empyreal is a democratizing force in blockchain development, breaking down barriers and simplifying complexities to ensure that the power to create, innovate and inspire is distributed widely and equitably across the Web3 domain.
Empyreal: https://empyrealsdk.com/
Empyreal Twitter: http://twitter.com/empyrealSDK
Empyreal Telegram: https://t.me/empyrealportal
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Patrick Brendel
Crypto Content Co.