Empowering AI Innovation: Orderly Network's New Bounty Program
Orderly Network Introduces AI Bounty Program
Orderly Network, a prominent player in the Web3 liquidity sector, has unveiled an exciting new initiative: an AI bounty program. This program, powered by the collaboration with Google Cloud and Empyreal, aims to foster the development of AI agents capable of trading autonomously on the Orderly platform.
Bridging AI and DeFi
The innovative bounty program marks a significant milestone in integrating artificial intelligence with decentralized finance (DeFi). By empowering developers to create cutting-edge AI agents, Orderly is taking a proactive step towards realizing its vision of being the first on-chain derivatives platform that supports such technology. The culmination of independent developers' efforts will enhance automated transactions, reflecting the latest advancements made in both AI and Web3.
Launch of the Bounty Program
Details regarding the bounty program will be formally disclosed at TOKEN2049 in Singapore. The program will kick off shortly thereafter, running for several weeks. Developers who participate and successfully design and implement AI agents on Orderly will have the chance to win rewards from a dedicated prize pool. These agents will be judged based on a dual criterion: profitability and innovation.
Target Audience and Vision
Initially, the AI agents developed will cater primarily to sophisticated traders and developers looking to create robust trading applications. However, as the program progresses, Orderly intends to expand support to include intermediate traders, allowing users without coding experience to engage in derivatives trading. This broader accessibility represents a key aim of Orderly Network's efforts.
Enhanced Developer Tools
Utilizing the power of Google Cloud technology, Orderly Network provides user-centric tools meant to streamline access to DeFi functionalities. Within this context, the bounty program represents the next phase of a sustained partnership between Orderly and Google Cloud. Through this initiative, both entities aim to encourage Web2 developers to transition smoothly into the realm of Web3 development, aided by the Empyreal SDK which facilitates this migration.
Statements from Industry Leaders
According to Arjun Arora, COO of Orderly Network, the collaboration with Google Cloud has lasted a year, focused on mainstreaming DeFi applications. He believes that the advancements in AI will crucially influence the evolution of on-chain trading. Orderly’s bounty initiative seeks to empower developers to leverage diverse data for creating autonomous agents.
Additionally, Rishi Ramchandani from Google Cloud expressed enthusiasm about enabling Web3 developers with secure cloud solutions and AI technology to bolster their applications. The synergy between Orderly and Google Cloud demonstrates a commitment to building the future of trading together.
Johnny, the Founder and Lead Developer of Empyreal, stated that their SDK will be instrumental in this program, allowing developers to create effective trading agents easily. Orderly serves as the ideal platform for implementing these tools to shape the next wave of AI trading.
The Potential of AI Agents
The rise of AI in the crypto landscape presents promising opportunities. AI agents excel in automating complex tasks and can synchronize with various data sources, enabling traders to make informed choices. Their value is particularly pronounced in perpetual trading, where quick access to multiple data streams can lead to significantly enhanced decision-making.
Wider Applications Beyond Trading
Beyond derivatives trading, the versatility of AI agents extends into several other crypto sectors including prediction markets, staking, and gaming within the DeFi landscape. The capability of these agents to harness data from both on-chain and off-chain sources opens doors for automating transactions, whether it’s trading, payments, or cross-chain operations.
Fostering Innovation through Collaboration
The collaborative nature of the bounty program is designed to stimulate developer creativity. By showcasing their innovative skills, developers will contribute to an advanced derivatives trading framework that leverages AI, all within Orderly's scalable Web3 network. This initiative not only aims to simplify trade execution but also aspires to diminish information overload by providing streamlined access to relevant data.
About Orderly Network
Orderly Network is fundamentally a cloud liquidity infrastructure, engineered to transform Web3 trading dynamics. Through an omnichain architecture, it delivers deep liquidity across various blockchains. With aspirations for a universally accessible DeFi landscape, Orderly stands as a catalyst for empowering both traders and developers in the ecosystem.
Frequently Asked Questions
What is the main goal of Orderly Network's AI bounty program?
The program aims to foster the development of AI agents that can trade autonomously on the Orderly platform, enhancing the DeFi trading experience.
Who can participate in the AI bounty program?
The program is open to both Web2 and Web3 developers interested in building AI trading tools.
What will developers receive for participating in the program?
Developers have the chance to win a share of a prize pool by creating and successfully deploying AI agents that meet the program's criteria.
What technologies are being utilized in this bounty program?
The program leverages Google Cloud technology, along with the Empyreal SDK, to support the development process for participants.
How will AI agents improve trading on Orderly Network?
AI agents will automate trading tasks, enabling traders to make smarter decisions based on real-time data, which is crucial in a fast-paced market.
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