Plan out ý tưởng

[lehieuhust]

i. Goal
Build a copy trading bot on Injective to help beginer traders to earn profit by copying professional trader's method and automatically buying and selling crypto

ii. Problem statement

• The ecosystem has only 5 protocols atm
• TVL in Nov 2023 decreased by 35% compared to previous month
• Active user increased from ~8k users in Sept to ~19k users in Oct and decreased to ~13k users in Nov.

=> Takeaway:

• Injective ecosystem lacks of a diversity of protocols
• Lack of a trading tool to encourage users ( espcially beginer traders) to trade on Injective
• Injective fails to keep new users to stay in the ecosystem while Injective has succesfully drawn user's attention

iii. Hypothesis
A trading tool on Injective to

• Increase the trading volume within the system
• Traders have more reasons to stay in Injective since Copy trading on DEXs is a less common feature compared to CEXs due to latency and gas constraints
• Contribute to the diversity of the ecosystem

iv. Requirement

• CopyList (Master List)
• Set up trading bot