Fyda aims to Revolutionize Decentralized Trading
Fyda Finance, an emerging DeFi protocol, officially deployed its groundbreaking trading automation dApp. The non-custodial platform went live on Polygon, Arbitrum and Optimism – three of the largest Ethereum sidechain networks, allowing users access to unprecedented tools for executing complex multi-leg strategies completely on-chain.
Built by a team of quant traders, solidity developers and blockchain experts, Fyda Finance enables encoding advanced trading logics into permissionless smart contracts. Users can now set customized parameters to automate high-level trading techniques previously not feasible on-chain in a trustless manner.
“The future of trading is automation paired with decentralization. Fyda provides traders an optimized gateway to that future today,” said Narayan, Founder and CEO of Fyda Finance. “Traders shouldn't have to compromise between customization and security. Fyda proves it's possible to get both.”
Fyda enables traders to automate strategies with preset entry, take profit, and stop loss levels, eliminating manual order placement. Advanced features, including dollar-cost averaging, spreads sell orders, percent orders and range trading can be combined to develop sophisticated strategies that maximize profit potential in trading.
The platform aggregates liquidity across decentralized exchanges, minimizing price impact. Fyda employs smart contracts and on-chain oracles for enhanced security.
Ongoing platform expansions point to an even more dynamic future. Upcoming integrations will allow traders to factor technical indicators, on-chain signals and sentiment metrics into custom automation logic. Fyda also plans to enable copy trading and Telegram-based interfaces to increase adoption.
As pioneers in multi-chain decentralized trading automation, Fyda empowers both traders and investors to implement sophisticated strategies unmatched in the DeFi landscape.
By delivering its vision of on-chain trading automation to the masses, Fyda Finance aims to fundamentally shift paradigms in the world of decentralized finance.
Follow Fyda Protocol:
Website: https://fyda.fi/
Twitter: https://twitter.com/fydafinance
Discord: https://discord.gg/VfaphFbg9n
Telegram: https://t.me/fydafi
Trade automatically with Fyda.