The Unibot Philosophy: Systematic Earnings in a Volatile Crypto Market
The following is a reflection by our co-founder Evie Zhang about Diamond Protocol’s Unibot and a summary of our most recent updates.
As the co-founder of Diamond Protocol, I constantly find myself asking some of the same questions that many of our users have: how can we earn money in a market that is so unpredictable? When we first started building our product, we were trying to survive and make money, and that mindset continues to drive our mission today.
But our approach is different from that of many other platforms out there. We’re not a derivative trading platform, for one. Derivative trading platforms aren’t path dependent — they’re looking at zero/sum payout at the expiry date. And while they can win big, they can also lose big. The reality is that nobody can predict the market with certainty. The game is rigged, both for stocks and for cryptocurrencies, and betting on short-term prices of assets is a non-sensible approach.
That’s why we developed Unibot. Our goal is to increase our users’ odds of winning tenfold. When you guess the market wrong, you’ll still earn money, or you need to wait for the market to return. It’s like playing in a casino, but with odds on par with the house. Here are some examples from my own positions that I shared during a recent community call:
We’ve had a lot of interest from seasoned, professional, and institutional traders who appreciate our approach to earning money systematically rather than making big bets that can be incredibly risky. We’re not trying to earn 1000% returns; we want to ensure that we earn systematically or earn big and lose small. That’s the key idea behind Unibot.
Our platform is designed to help users park their majority wealth for investment-grade returns. For speculative profits, we still think CeFi exchanges like Binance and Deribit are better than DeFi derivative Dexs.
We’re always looking for ways to improve our product, which is why we’ve recently launched our first Crew 3 quest, and we’re working on launching on Polygon soon, starting with new USDC/ETH pairs.
We’ve also implemented a limit of 10 open positions max per address, with each USDC position requiring a minimum of 50 USDC. We’ve set these limits to prevent our backend from slowing down, which could hamper the user experience.
We’ve recently phased out our Unibot V2 whitelisting, which means anyone can now use our platform, making it easier for those with multiple wallets to get started. However, we will not open it to the public forever, as our platform has generated better alpha than other products for an extended period.
Finally, we’re excited to announce that we’re launching a leaderboard that shows the highest-performing positions on our platform. We believe this will help our users better understand how to improve their positions and increase their chances of earning money systematically. We think it’s quite fun to look at the better-performed positions and learn from them. The leaderboard will be convenient for us to run dynamic trading competitions in the future. We believe this will help our users.
That’s it for now. As always, we’ll continue to work hard to improve Unibot and help our users earn money in an unpredictable market.
Links
Unibot V2: https://unibot-v2.dmo.finance/factory/arbitrum/WETH-USDC-500
Discord: https://discord.gg/ta3hjdhXd6
Crew3: https://crew3.xyz/c/diamondprotocol1/invite/Rc9ZKqIfIV4pufB_LTK6-