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Conversation with Bonfida Business Manager: Building On-Chain Innovation for Programmer Trading to Enable Solana's Diversified Trading Market

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After the launch of SERUM based on the Solana public chain, a "financial revolution" started by DEFI swept over.

原文标题：《专访 Bonfida 商务经理：构筑程序化交易的链上创新，赋能 Solana 多元化交易市场｜CryptoJ AMA 回顾》

Original source: Apple, Cryptoj

Since the launch of SERUM based on the Solana public chain, a "financial revolution" initiated by DEFI has taken place, and many projects have been devoted to the construction process of a more complete infrastructure.

SERUM's most complete "flagship front end"Bonfida Break out of the pack by making it good at the back end & NBSP; API and on-chain analytics combine to createA seamless front-end experience, enabling and driving real-world applications in a decentralized and composable way.

Bonfida is a complete product suite that helps bridge the gap between SERUM, Solana and its usersAt present, the main products include: decentralized trading platform web front end, SERUM API, programmed trading robot and a series of applications. Bonfida Reached a different consensus: to be a Schelling Point -- to commit to spreading the word by becoming. Serum The entrance.

In order to have a deeper understanding of Bonfida platform features, procedural robot operation mechanism, trading features and other topics, on May 18, 2021, Cryptoj specially invited Bonfida Business ManagerCyn Be a guest in this AMA"Inside Innovation on the Bonfida Chain -- Into the Killer App: Programmed Trading Robots"To explore the unique charm of decentralized trading markets.

The following is the AMA text content, content has been abridged.

Sc & have spent Bonfida

At the beginning of AMA, CYN targeted Bonfida & NBSP; The platform features and the background of the birth of a simple introduction.

Cyn noted that Bonfida is Serum's "flagship front end" and can provide a better trading experience for Dex. Bonfida currently offers functionality in addition to its Serum-based basic trading capabilities, as well as programmatic trading robots, Serum APIs, and the upcoming launch of the first perpetual contract on the Solana chain.

Team integration

Talking about the team's convergence and the story behind it, Cyn pointed out that the founders were exposed to the cryptocurrency space early on. When the summer of DEFI arrived last year, SERUM established the first fully decentralized exchange on Solana with an on-chain order book model, and at the same time,Bonfida also started experimenting with making a front end for the DEX. As SERUM and Solana's ecology continues to grow, it has also attracted a number of talented individuals.

Bonfida's unique SERUM web front end

Bonfida provides a unique Serum web front end (GUI), such as the launch of unique currencies and trading pairs, and the placing of orders via TradingView charts. CYN gives a detailed introduction of this Serum web front end.

The Bonfida front end significantly optimizes the trading experience of Serum DEX. Bonfida is one of the first to use on-chain data for Tradingview For most professional investors, the drawing function provided by TradingView is much better than the drawing tool independently provided by most trading platforms.

Solana Eco Builder

Cyn goes on to talk about Bondifa Why I chose to join Solana Ecology and Bondifa; Positioning in Solana Ecology.

The advantages of Solana's own public chain include:

1. High performance:When Solana's public chain has more than 60 nodes participating globally, its performance can reach a peak global network high concurrency of 50,000 transactions per second, allowing it to process up to 100,000 transactions per second.

2. Low latency:400 milliseconds per block ensures that the transaction is processed in a timely manner and the transaction is completed in less than half a second.

3. Low transaction costs:Low miner fees, about $10 per million transfers, ensure that users can make the most of the high performance network without worrying about high costs.

Excellent Solana is the blue ocean with great development space.Bondifa's positioning is Solana, the head builder of ecology, strives to empower ecology.

Bonfida program trading

BonfidaSupport for creating and automating users' own on-chain trading policies, CYN also provides answers to the specific creation rules and methods, as well as the supported programmatic strategies and policy indicators.

Bonfidabot supports all markets, i.e. SERUM is available in all markets.

Participants can choose to send trade signals using UI pages or TradingView alerts or JavaScript.

• TradingView 教学视频: https://www.bilibili.com/video/BV195411P7Wp

• JavaScript: https://bonfida.github.io/bonfida-bot-docs/

• UI: https://bots2.bonfida.com/#/

Common TradingView strategy indicators for domestic users include MACD, DCA, super trend, etc. .

Single operation

In addition to the programmatic trading set up by the user, Bonfida. Another use of the productCan carry on the documentary operation.

As for the specific implementation of the documentary operation, CYN replied that the documentary operation is very convenient. The user can see some existing policies in the interface, including theseReal-time number of policiesData, like in the poolThe value of the dollar, the initial to date rate of return,Composition of tokens in the pool.With this data, users can more easily decide if they need to put money into a particular robot.

In order to & have spent Take the super strategy trend of SRM, and you can see all the data. Two months after it was announced, the strategy is now yielding 85%. If you want to participate in this strategy, you need to deposit a pool token. One pool token is currently 0.184 SRM+ very little USDC (box out), directly enter the number of pool tokens, bottom select"Golden"Can.

Further reading:The "Supertrend" Indicator in the Bull Market - Walk the Walk and Don't Missed It

Trading strategy on the chain open

In Bondifa & have spent As a user, how to understand and filter the detailed information of each of the many trading strategies presented.

As mentioned in the previous question, the user can see some existing policies in the interface, including the real-time data of these policies, such as the dollar value of the pool, the rate of return from the beginning to the present, and the composition of the tokens in the pool. At the same time, the user can also see the policy brief, and because all the data is inOpen on the chain, the user canTrack every transactionTo have a clear understanding of all the transactions taking place in the pool.

Bonfida x SERUM Robot Trading Competition

Bonfida has been promoting and. SERUM is co-hosted on the SOLANA chainThe first trading contest, CYN made a detailed introduction to the specific rules and regulations of the trading competition.

This robot trading competitionFor one month, mainly by using Bonfida's programmed trading robot, by converting TradingView alerts into trading signals, or directly using JavaScript to send trading signals. There are three awards for this competition:

The total reward: 10K Fida + 3K SRM + Solana surrounding (70K USD) & NBSP;

Profit Grand Award & NBSP;(5500 Fida + 1650 SRM + Solana surrounding)& NBSP;

At the end of the trading match, a snapshot is taken of the robot's "start-to-date earnings" (see definition below).Prizes will be awarded to the top 15 winners"And may launch its trading strategy on Bonfidabot's home page.

In a trading match, other users can choose to subscribe to the participant's robot strategy. However, the monetization reward is allocated only to the policy creator.

1st place: 1400 FIDA + 350 SRM + Solana surrounding

Second place: 1200 FIDA + 300 SRM + Solana surrounding

Third: & have spent 1000 FIDA +250 SRM + Solana surrounding

Fourth place: 800 FIDA + 200 SRM + Solana perimeter

Fifth: & have spent 600 FIDA + 150 SRM + Solana surrounding

# 6 to # 10:100 Fida + 80 SRM + Solana peripheral

Places 11 to 15: the Solana neighborhood

Nominal Amount Grand Prize & NBSP;(4000 FIDA + 1200 SRM + Solana surrounding):& NBSP;

At the end of the trading match, a snapshot is taken of the dollar value of each robot strategy (pool) and the top 5 are rewarded.

In a trading match, other users can choose to subscribe to the participant's robot strategy. However, the notional amount award is only allocated to the policy creator. If the strategy creator is a community player, it is his responsibility to share the prize with the community. The bot must be a legitimate pool and execute trades according to the rules.

First place: 1200 FIDA + 300 SRM + Solana surrounding

Second place: 1000 FIDA + 270 SRM + Solana perimeter

Third: & have spent 800 FIDA + 240 SRM + Solana peripheral

Fourth: & have spent 600 FIDA + 210 SRM + Solana surrounding

Fifth: & have spent 400 FIDA + 180 SRM + Solana surrounding

6 to 10: Solana

Community Awards & NBSP; ( 500 FIDA + 150 SRM + Solana around)

Anyone can participate in the Bonfidabot contest by creating memes, gifts, posters, videos, etc.

Post and create content on Twitter by tagging the official Bonfida Twitter account @Bonfida with the hashtag # BonfidabotCompetition, or post and tagging the official Weibo account @Bonfida official on Weibo, Ultra words & have spent # Fida to the Moon

Bonfida will collect all the content and ask the community to vote for their top 10 favorites

First Place: 140 Fida + 40 SRM + Solana perimeter

Second place: 120 Fida + 35 SRM + Solana perimeter

Third place: 100 Fida + 30 SRM + Solana surrounding

Fourth Place: 80 Fida + 25 SRM + Solana Circles

Fifth: & have spent 60 FIDA + 20 SRM + Solana surrounding

# 6 to # 10: Solana Swags&NBSP;

Further reading:Bonfida X Serum is open for registration, earning $70,000 and Solana peripheral.

Robot Competition Participation Method

The Bonfida competition sounds like a big prize, and CYN tells us how to enter:

Join a Discord or WeChat group (Levithan217)

Build your robot

The SOL address (or Twitter account, if bound) of the policy provider.

Pool Seed Address

Robot Name

Overview of Robotics Strategy

Do you want the robot to be publicized?

(We will create a specific page to display the robot policies of all participants. If you select N, your robot policies will not be displayed on this page.)

MER VC pool

Bonfida will release one on May 21. MER VC pool, CYN also solved the sum with us. The difference between IDO.

As the name implies,The VC pool helps finance the project. The difference between IDO and IDO is that the pool is in the state of lockup, and the lockup time is one year.

The funds deposited will be paid in the form of Mer IDO is 10% off the price of purchasing tokens, the user will receive a call MERPOOL pass card, you can withdraw the corresponding MER token with this token one year later.

Merpool can also be directly traded in the secondary market. (Currently MERPOOL & NBSP; The deduction = 8.8mer means that the investment of 1U+1/25 FIDA =1MERPOOL can be withdrawn after one year, and FIDA will be destroyed).

Create a diversified trading market

There are also many trade analysis and auxiliary tools in the market, such as Step Finance, Hummingbot, Gelato Network, etc.

When asked how they compared to these projects. The unique advantages and differentiating characteristics when CYN points out, first, that Bondifa More than just a trade analysis and ancillary tools. Maybe you know about Bondifa through IDO many times before, or use front-end products.

But Bondifa offers much more than that,Programmed trading robotsCan help on the chainUser Automated Transaction, and the perpetual contract can provide more for the users on the chainDiversified trading market. As the Solana ecosystem grows, Bondifa will continue to produce moreInnovative products enable Solana ecology.

Token value capture

In terms of value capture, Cyn shared Bonfida's model of the token economy, how to motivate users to hold on to tokens for the long term, and the scenarios for the use of tokens.

Fida as a circulation of value within the Bonfida ecosystem,A billion, including:

• 种子轮 9000 万枚，占 9%，1-4 年内线性解锁；

• 用于流动性提供的有 2000 万枚，占 2%；

• 预售 600 万枚，占 0.6%；

• 有 1 亿枚交给 EcoSerum 节点作为 SRM 收益，其中 8000 万锁仓，1-4 年线性解锁；

• 有 1 亿枚作为奖金、津贴，由 Bonfida 贡献者、团队持有，1-4 年线性解锁其余份额将由 Bonfida 和 FIDA 基金会，以及未来 Bonfida 生态共同管理

The value of FIDA is also supported by the Bonfida ecosystem, which is mainly usedTransaction, pledgeSuch as the application.

Bonfida net fee & NBSP;95% will be used to buy back and destroy Fida tokens, the application scenarios of Fida in ecology include access to VIP API, etc. In addition, future holders of FIDA can also enjoy the reduction of fees for a perpetual contract.

In addition, FIDA can be pledged on SERUM platform and repurchased and destroyed on a monthly basis10% will be used to reward Fida pledging users.

Perpetual contracts enter private beta

Bondifa CYN shares the progress of the plan to build the first perpetual contract in the Solana ecosystem.

Perpetual contract agreements have been reachedThe basic construction is completed and it is in the state of internal test. Bondifa brought in some of the larger institutional players to help test it out, to make sure that the perpetual contracts would work in the event of any major price changes caused by extreme Black Swan events.

The recent planning

At last, CYN introduced the latest progress of Bondifa's recent development plan, products, ecological cooperation and development.

As one of the earliest projects in Solana Ecology, Bondifa was Solana In the ecological is veryA conscientious builder, is working hard to build products for other new projects. With the composability of DEFI, we are also happy to cooperate with other projects. For example, recently there wasTo help Cope Set up a smart contract that can replace COPE tokens to manage COPE tokens.

At the same timeThe first smart contract for the ownership of tokens has been built in Solana's ecosystem(Token vesting contract). The contract has been audited by Kudelski.The contract can set rules for SPL tokens such as unlock time, duration, etcBondifa is also happy to let other projects use the contract.

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