Magpy
  • 🌪️Overview
  • 🐦Magpy
    • 👋Introduction
    • 💁What does Magpy solve
    • 🛣️Roadmap
  • 🤖PRODUCT
    • Account Abstraction
    • 🦜 MagpyBots 🦜
    • Protocol + Token pairs
    • Triggers
    • Actions
  • 🌶️GUIDES
    • 🔐Login
    • ⚙️Account Setting
    • 🏗️Building Trading Bot
    • 👨‍💻Bot Logs
    • 🌎Possibilities of Trigger-Actions
    • 🧠Working of our Bots
  • 🔗LINKS
    • Brand Resources
    • Website
    • Application
    • Telegram
    • Twitter
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On this page
  • Users can buidl/run trading bots for DeFi
  • ❌ Programming knowledge, Writing code, time consuming -> ⭕️ No-code natural language prompt bot
  • ❌ Cloud Architecture->⭕️ Magpy's Infrastructure
  • ❌ Share private keys, Risk assets->⭕️ Smart Contract Wallets
  1. Magpy

What does Magpy solve

Magpy mainly solves three problems for project owners and traders. Let's dive deeper into those problems.

PreviousIntroductionNextRoadmap

Last updated 2 years ago

Users can buidl/run trading bots for DeFi

❌ Programming knowledge, Writing code, time consuming -> ⭕️ No-code natural language prompt bot

A D2C example

  • Alice wants to create a bot that purchases cryptocurrency using dollar-cost averaging.

  • Alice also wants to purchase across multiple chains to avoid the risk of chain halts or even bridge closures incase she uses 100% of the purchase amount on a single chain.

  • However, Alice does not have the time and also is not able to write code. With Magpy, she can build the bot using our simple UI or a natural language prompt without ever writing code in web3 native programming languages like Rust or Solidity.

❌ Cloud Architecture->⭕️ Magpy's Infrastructure

A B2B example

  • Bob is a Smart Contract Developer with over 5 years of experience. He recently accepted a bot building bounty from Davit Protocol Labs, who is the project owner, after discovering the need for an open-source bot project.

  • The bot was developed successfully and the operational bot was deployed to the operating production environment.

  • Bob is a skilled engineer and provides development services to many projects, so he is very busy, and on top of that Davit Protocol Labs needs to pay him a lot of money to customise and fine tune the bot regularly to perform complex operations.

  • With Magpy, Davit Protocol Labs can buidl, operate, modify or stop the bot with just one switch and does not need to rely on any external infrastructure engineers.

❌ Share private keys, Risk assets->⭕️ Smart Contract Wallets

  • Catherine had been running a bot on 3Commas, but became more security-conscious after her API keys were compromised.

  • She found it unacceptable to entrust her private keys to DeFi bot-building solutions again. She was looking for a way to operate a bot without exposing all of her assets associated with her wallet to risk, and that's when she discovered Magpy.

  • Magpy supports the execution of transactions from a user's Smart Contract Wallet to DeFi, allowing Catherine to execute asset management with no risk.

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