I am proud to now publicly announce the first release of StakeMachine.
What is it?
It is a Python tool that offers:
a unified framework for writing bots for the DEX
a simple market making strategy
the liquidity-providing strategy developed by
@mauritso more strategies to come soon.
Simple Market Making
A simple market making strategy (i.e. providing liquidity) works as follows:
Get the last price for your market
Place a buy order at last price * 95%
Place a sell order at last price * 105%
Wait for any of the two orders to get filled
Cancel the other order
Go to 1.
This strategy is very simple and tries to makes a profit from the spread. The more volatile a market is, the more profit it will (probably) make you.
More on Steem:
https://steemit.com/bitshares/@xeroc/stakemachine-trading-infrastructure-and-simple-market-making-bot-for-bitshares--opensource-bot-for-bitshares