Categories: Press Release

Fyda’s Breakthrough DeFi Protocol Set to Reshape Automated Trading

London, UK, 8th January 2024, ZEX PR WIRE, Decentralized automated trading holds vast potential, yet adoption lags amidst infrastructure limitations. Restricted by inadequate tooling and complexity barriers unsuitable for everyday traders, the decentralized landscape of automated trading awaits disruption. This backdrop may soon transform with the launch of Fyda Finance – an on-chain trading automation protocol democratizing sophisticated strategies. By enabling customizable logics to execute trustlessly on-chain, Fyda bridges the gap for traders across skill sets.

Strategies Orchestration

Instead of manual order placement, Fyda allows traders to preset entry points, take profit areas and stop loss levels while automating advanced techniques like dollar cost averaging. 

Users have the ability to devise trading strategies tailored to various market conditions, such as trading ranges, or employ percentage-based orders to trade dynamically in any market environment.

Unparalleled Security and Transparency

By leveraging smart contracts for order execution and relying solely on decentralized on-chain oracles for pricing data, Fyda offers best-in-class security assurances for traders. Activity is protected from manipulation including MEV attacks while consolidating liquidity across DEXs ensures minimal price impact.

Strategy Simulation

Fyda puts traders in the driver’s seat to craft automated trading strategies aligned with their goals. Fyda provides traders with verified, in-depth insights into the performance of their automated strategies. Comprehensive analytics empower traders to closely validate and backtest their custom logic through simulation leveraging both live and historical market data.

Future Roadmap

In the future, Fyda will enable users to automate trades based on technical indicators, on-chain signals and sentiment indicators on-chain for the first time.

Conclusion

As pioneers in on-chain trading automation, Fyda Finance aims to fundamentally reshape decentralized finance – handing traders an advantage through cutting edge solutions solving core issues that hindered decentralized trading adoption prior. By delivering sophisticated tools to everyday investors in a trusted environment, the protocol promises to redefine paradigms across cryptocurrency markets.

Experience the future of trading today with Fyda Finance at app.fyda.com. Become part of the DeFi trading revolution.

Zex PR Wire

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