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