Using Market Maker Bots on Decentralised Exchange: First Look

In this video, we're going to take a sneak peak into a future DCRDEX feature.

The market maker bots are in their development stage and should be used with extreme caution. As the flag says, these features are experimental. If you’re not comfortable using tools that are not production-ready, remove the --experimental flag from the command line before proceeding.

./dexc —experimental

Remember, the terminal must remain open and running in the background. If the terminal is closed with active orders, this could cause the trade to fail and incur penalties.

For those new to DCRDEX, the best pair to currently experiment with is the DCR / LTC pair. The lot size is lower than all the other pairs. It has a fast settlement time and both coins have an easy to use native wallet.

One barrier to entry, is you need to have a small amount of DCR or BTC to pay the fidelity bond. Hopefully, in the not so distant future, Litecoin users will be able to pay this using LTC.

Decred is Money Evolved. By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”. Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Find out more about Decred: https://decred.org

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