In an official release on April 6th, 2023, MOSDEX announced that an updated whitepaper is on its way. Well, I just happened to come across that and there’s a handful of positives to take away. MOSDEX continues to hone its protocols in an attempt to create feasible arbitrage trading protocols. The AI-powered trading machine has been serving the ecosystem for a while now and the whitepaper dates back to the project’s inception. The new whitepaper as specified will attempt to bring to life, a more futuristic concept in terms of the project’s technology and management.
Curious? You can take a look at the Version 1.2 whitepaper and educate yourself. We will be going through some of the contents in a bit…
If you are still wondering what MOSDEX is, here’s a quick one. MOSDEX is an Ai-powered staking-as-a-service platform that rewards investors for committing their funds to the arbitrage protocol. the arbitrage protocol is fed with order book data from a list of supported exchanges. The protocol proceeds to exploit arbitrages across supported exchanges and pairs in individual exchanges.
MOSDEX gives you a 30 USDT bonus when you sign up on the platform and a special reward system when you refer your friends to the platform. Click here to register for an account.
Back to the whitepaper, here are some of the notable inclusions
A 3-year roadmap
MOSDEX is already looking at the far future. Extending the project’s developmental runway by three years and spelling out intended developments during this time is one of the biggest takeaways from the whitepaper update. The current roadmap runs until 2025 with tangible developments such as a mobile application for the arbitrage protocol which is expected to happen in 2024 and a dive into NFT trading in 2025.
The mobile application is expected to further improve user experience and make it easier for users to follow up with their favorite passive income source on the go. Taking a look at the progression of NFT trading, incorporating NFTs into the arbitrage trading protocol is a welcome development that could turn out profitable for investors. The protocol will be able to screen the floor price and the order spread across NFT marketplaces and utilize this information to generate profit for investors. Expanding to the NFT space will likely boost the MOSDEX community member count and the whole ecosystem.
Arbitrage on decentralized finance
At the time of writing, the MOSDEX ecosystem is hugely survived by arbitrage trades on centralized exchanges. The original design of the arbitrage trading protocol has the potential for trading arbitrage on decentralized exchanges as well. But is yet to be exploited. The new whitepaper details the MOSDEX team’s plan to bring this vision to life and plug the arbitrage protocol into decentralized exchanges and take charge of the inefficiencies in AMMs (Automated Market Makers) and liquidity pools to return profits to investors. The Whitepaper details this process and hints at plans to leverage flash loans to improve the efficiency and profitability of the trades. The expansion to decentralized exchanges stands a chance of scaling up the bot’s profitability and could usher in a more decentralized approach to running the whole ecosystem.
A detailed explanation of the arbitrage protocol
“An arbitrage protocol powered by Artificial Intelligence and Machine Learning” might come off as an ambiguous description. Every investor deserves clarity on what they are engaging themselves in. The updated whitepaper acknowledges this and moves to explain how the protocol works more clearly. The Whitepaper takes up the bits of the protocol and explains them as much as possible. Interested in learning more about how the arbitrage protocol works? Have a read!
Closing out, the MOSDEX ecosystem keeps growing with each new user that signs up. Recent announcements suggest that the team is also working towards making the project even better. That being said, risk management is always recommended and it is important that every investor carries out enough research before taking any investment step. Also, note that this content is only educational and not financial advice.
