The TUF Promise
There was a time when TradFi offered the only opportunity to make quick scalps on fast moving securities that transformed the lives of traders and the fortunes of brokerage firms. Utilities like the Bloomberg Terminal allow nimble decision making in a constantly changing environment, but at a high cost (priced at $27k/year).
On the other hand, the extraordinary premise (and promise) of the blockchain has been openness and accessibility. A world that was hidden away in elite trading firms has now been thrown open to every individual with a computer or a smartphone, internet and willpower (or, in some cases, degeneracy!).
The TUF Team believes in building upon this promise — of accessibility and democratization of the trading universe centered around the blockchain.
Since June 2021, the TUF Team has been providing the most powerful publicly available ‘sniper’ bot for trading on the Ethereum and BSC chains. The TUF new contract scanner for ETH and BSC chains has been a mainstay of the trading space for over two years, and a familiar source of information for contemporary on-chain traders in the microcap space. Finally, in May 2023, we deployed ReadySwap.
Carving a niche for connoisseurs doesn’t go a long way towards of our dream of making on-chain trading accessible to all, but it has established an important fact — we are here for the long run; we are here to stay.
The Expansion
As a matter of principle, we started building a trade intelligence platform that would mirror the utility of the Bloomberg Terminal, but on-chain.
Remember that TUF isn’t VC funded, or backed by the large players of this space. Time moves very quickly in DeFi, and 2021–22 was not a period where the established traders wanted the democratization of trading tools in the hands of the ordinary traders because it challenged their hegemony. It is only in 2023 that mass-market bots became status quo in ‘shitcoin’ trading. As always, however, the TUF Team created the trend rather than followed it — launching the $TUF token to gate access to TUF Extract Tool (‘TUFExt’), our in-house blockchain analytics suite which empowers the ordinary trader. Nimble and powerful, but open to the greatest number of small traders so that they can educate and empower themselves, while preparing for the next bull run.
Coupled with ReadySwap, our in-house trading platform, TUFExt data and signals make for an end-to-end offering, a budding ecosystem which caters to every need that a trader may feel — for data, or tools.
Today, we want to take some time out to take you through the ReadySwap Task Manager — an array of trading options built into ReadySwap, which rivals the nuanced setups that leading CEXs offer their users.
The ReadySwap Task Manager
With charting powered by DEXSCREENER, our integrated Task Manager allows you to set up a series of orders on your open trades (or potential trades) which makes your life far easier than ever before.
Copy paste your target token contract, and get live data on your screen that allows you to minutely chart potential price action (that is, if you believe TA applies to small-caps!).
To set your orders, three sources of information on screen are the Token Value, Token Price and Market Cap. Note that the Token Price in green on screen is sourced the moment you open the tab for the token, but when you click ‘Save’, the on-chain real time token price gets updated and settings are saved accordingly with reference to the actual on chain token price (because you may take some time to actually set up your potential trades).
By toggling ‘Indicator’, instead of referencing actual Token Price in order to set your trades, you can go by the %age value difference from real time price (easily set in conjunction with the slider bar at bottom), where you want your trades to trigger.
Clicking on the ‘gear’ icon allows you to key in specific slippage and gas settings for each of your Tasks. For instance, if you’re looking to ‘buy the dip’, it always makes sense to crank up the gas, so that your transaction gets mined first before someone else squeaks through!
Setting Up Sub Orders
In typical TUF style, Sub-Orders allow you to set layered tasks within a specific limit order on your target token. Whales and experienced traders with a clear trading plan can use this powerful utility to program a series of trades according to their thesis and have them execute automatically even when they’re not at their desks.
This allows you to sell part of your bag at a certain stop loss as insurance, or take partial profits and leave the rest as a moonbag, without having to monitor the charts at all!
Once your Limit Order tasks are set with attendant sub-orders, they will be reflected in your Tasks Console like in the green box above. The sub-orders naturally do not become live until your first buy order executes, after which they kick in and are executed on a best efforts basis on-chain.
Trailing Stop Loss
An important risk mitigation limit order used by experienced traders is the ‘trailing stop loss’. This allows you to define a stop loss order at a certain percentage or amount which tracks the target token price. As the target token price increases, your stop loss ‘trails’ it as well, and triggers when the token price plunges from its ATH.
Automation, Not a Niche
Some would think that this level of automation for on-chain trades is overkill for the ordinary degen, but we disagree. As builders and long time traders ourselves, our philosophy is that the TUF Trading Suite is ‘built by traders, for traders’.
DeFi has transformed the lives of hundreds of traders over the last 2–3 years, and as optimists, we believe there’s still a lot of scope for this space to change your life, as well. But in order for you to be successful, it is imperative that you arm yourself with data as well as trading tools that allow you to anticipate and react rapidly to potential trades that keep presenting themselves on-chain.
To do so, automation is absolutely necessary, and the ReadySwap Task Manager is only our first step towards helping you trade better.
