FTX staking is over…now what?
It’s time for another dose of our weekly wrap up. Given that phase 3 blasted off last week, we hope that you’ve been enjoying the beta commercial platform so far!
Another big piece of news is that as of earlier this week, our UBXT staking program on FTX has ended. With that said, you might be wondering what to do with your newly unlocked tokens. There are some options at hand that we’ll quickly run you through.
Our content machine has churned out a few new infographics during the week. Both will give you a visual idea of some profitable things you can use your UBXT for.
We figured that it would help to “break the ice” if we introduced you to some of the bots on our platform. So we started making posts to highlight the background and latest performance stats of some of the bots.
There is all that plus our latest platform updates. So let’s dive in!
UBXT staking on FTX ends
The FTX staking program is now over and all staked and locked UBXT should now be unlocked and free to transfer. You might be considering selling your tokens but before you hit that sell button, we’ve got a few profitable suggestions on how you can use your UBXT.
Why not take some of those tokens and put them onto one of the high-performing trading bots? With bots like I-Robot’s Spooner ETH (+73.93% past 6 months) and FTT (+156.42% past 6 months) bots, you can start earning some awesome passive gains.
Or how about re-staking the tokens in our ERC-20 pool? It’s only on UpBots where UBXT stakers can earn rewards from both our performance fees profit pools and staking rewards fund.
Not only that, but you can also farm some awesome yields by providing UBXT-ETH LP on Uniswap. Then you can take the LP token and stake it on UpBots for an even better yield.
If you’d like a bit more clarity on what you can do with your UBXT then you can check out the following article for a bit deeper explanation.
Infographics: what you can use UBXT for
To really help break down what awesome things UBXT can be used for, we went along and published some new infographics.
Our first infographic shows you the benefits of allocating UBXT to a trading bot and the great staking APR for ERC-20 UBXT. The second takes you through how you can maximize your passive income yields for both ERC-20 and BEP-20 UBXT.
You can check these out on our social media channels.
Bot stats
To help you get to know the bots on UpBots a bit better we began rolling out some introductory posts. These bot stats posts will introduce you to some of the high-performing bots on UpBots, their developers, and the awesome returns they’ve been making.
You can check out the posts for the following bots:
Keep a lookout for more bot stat posts so you can meet even more of the bots on UpBots!
Platform updates
New version of the AVAX bot
An update to the AVAX bot’s trading strategy has been deployed. This adjustment should help boost its performance on the market. The bot is now ready for more trading action with its improved strategy.
Algo dev portal undergoing testing
The algo developer portal is currently in its testing phase and is making its way to deployment. This view is only accessible by algorithm developers on UpBots.
Devs will be able to view stats about their bots, which includes the total amount of UBXT gained and followers. More news is to come as the testing progresses.
Margin trading in progress
Margin trading is in development right now for manual and bot trading. The addition of margin trading allows for the integration with exchanges that allow it and also introduces short bots in addition to the long ones.
Additional details are to come as development continues.
New dashboard designs
Brand new dashboard designs are currently being implemented into our new v2 structure. These new designs will bring a sleek and fresh new look to UpBots and enhance the user experience for all.
Considering these designs were made by a former UI/UX lead at Paypal you can be sure that they’re going to look awesome. More updates on the designs are to come.
Close now option for bots
An option to close the trading bots is being worked on at the moment. This option will be handy for users who wish to manually close a trade or a bot.
Development for this feature is in progress and we’ll have more information as it continues.
That’s all for this week! Catch you all next time!
And now a meme from our community…
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