#71 MetBot Development

Proposal to continue developing MetBot.

Background

MetBot is a high-frequency crypto trading bot that is being developed by MetFi DAO.

Developing MetBot has not been a simple task, it has required significant time, money, and effort to reach the stage it is at now. The devs have been quietly developing and testing MetBot at their own expense for almost 10 months and are pleased with the initial results.

We are already on the 2nd version of the signal structures.

Live testing on the USDT/BTC trading pair produced high two-digit returns during November and December. These are significant and promising results that now warrant further development, making this a good time to reveal more information about MetBot to the community.

Goals

The goals for MetBot are:

• create a new passive revenue stream for all MetFiers,
• create a new highly desirable and commissionable product for affiliates,
• create a profitable and sustainable high-frequency trading bot that will perform consistently in all market conditions,
• provide full transparency on the performance of MetBot including the status of funds, and executed trades.

As always, all of the above will be on-chain and fully above board with transparent trades that can be tracked and audited by the community at any time, with no funny business or fake trades, that’s a promise.

Next Steps

There is still a lot of work to do but we are well on our way. As we continue to work on the signals and trading a significant amount of time is also been spent to ensure that MetBot benefits the entire MetFi community – this includes but is not limited to potentially setting account trading limits to safeguard long-term profitability and sustainability as well as fine-tuning the affiliate rewards that Metbot generates.

If this proposal is approved and everything goes to plan the intent is to conduct a closed and limited beta test where some members of the community will be able to deposit funds and allow MetBot to execute trades on their behalf. After a successful beta test MetBot will be opened up to more MetFiers, possibly incrementally.

We will publish more information about MetBot and its integration into the MetFi ecosystem at the appropriate time.

Proposal

1. Acquire a trading platform and connect it to the signals professionally and sustainably. This cost is 20,000 USDT one time,

2. Intensify building the signals and connecting them to the trading platform to create a robust and sustainable Metbot. Development cost will be 15,000 USDT per month – till now the devs have borne this and other costs as a gift to the community.

Cost

• 20,000 USDT one-time for trading platform,
• 15,000 USDT per month for development.

Vote Discussion

Join the discussion on this proposal in the MetFi DAO Discord and head to the #vote-discussion channel.

Vote

Please vote FOR to approve this proposal or AGAINST to block this proposal.