Shanghai-based decentralized crypto exchange Loopring announced on Wednesday that it has integrated into blockchain-based crypto trading tools and services provider Autonio’s market-making software NIOX Maker. In the official tweet, Loopring said that the software would reduce the barriers everyday users face in running market making bots.
Ethereum orderbook DEXs need active liquidity provision, and this software greatly reduces the barrier for everyday users to run market making bots 📈 🤖https://t.co/jOJyIhHmgK
— Loopring 🧞♂️ (@loopringorg) September 16, 2020
Established on the Ethereum protocol, Loopring is a leading crypto-blockchain ecosystem that provides high performance and low-cost exchange and payment services. Autonio, on the other hand, is a decentralized autonomous platform that focuses on efficient and effective algorithmic trading tools to the users, like NIOX Maker, Smartdex, DAO, Terminal, and AI. Developers can use these tools to create powerful auto-trading solutions for the DeFi ecosystem, ensuring security and incentives.
According to the official announcement on Medium, Loopring stated that the integration would enable users to maintain the self-custodial security of their assets while enjoying higher speeds, lower fees, and attractive returns of liquidity. Using the NIOX Maker, users can access higher liquidity by applying the innovative algorithms, large-scale data points, and complex calculations, thanks to the user-friendly, intuitive UI.
Loopring further added that it would work with Autonio to build attractive opportunities for NIOX users on its platform, including liquidity mining campaigns for certain pairs exclusively for NIOX Makers. It also said that they would take efforts to encourage both novice and advanced users to mobilize capital and liquidity on the exchange.