# 06/12_03_2023

By [Bichop](https://paragraph.com/@bichop) · 2023-03-12

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### Copydex

I want to make Copydex look more legit and user friendly by adding local user interface.

This interface will keep track of trader/user trades, session profits, overall profits, errors.

I think it’s a good idea in order to prepare for V2 of GMX contracts.

GMX V2 : seems to be related to synthetix, but they are not using their proxies, strange. They seems to be developing aggregated liquidity to reduce non-usage of liquidity.

![My gross understanding of how it works](https://storage.googleapis.com/papyrus_images/22ac4964663c34b23889b74d02f343b0778339e05b3b9ad849815e582a415969.png)

My gross understanding of how it works

Sadly I think this implementation will change how contracts works, so I will need to rewrite the code for that. This is why adding a dashboard using values of the bot will help me isolate and model a more abstract structure that can be used as a base for the next update and also for more platforms to integrate.

### CopyDex Leaderboard

The leaderboard is a huge part of copydex in my opinion, getting a good understanding of the trader’s strategy and way of trading is the key.

So I will upgrade the existing website to add more data and insights.

Features :

*   Analyzing whether each trade was positive at some point, and whether the trader was positive/negative after their trade. The trader executed 20 trades, and was above 10% on 15 trades, above 0% on 2 trades, and below 0% on 3 trades (ie. the capacity of the trader to identify (mini) dips). This requires a significant data analysis. Question: What timeframe ? based on Moving Average ?
    

I’ll be using [gmx.house](http://gmx.house) data to retrieve the data needed.

### CopyDex Dashboard

Moralis

The API they provide is quite large and is separated in four groups :

*   Authentification (Metamask only)
    
*   NFT (All data related to NFTs)
    
*   Wallet/transactions
    
*   Streams (live transactions and contract interactions)
    

Today I dreamed with anxiety that my bot made 600k overnight, I felt the pressure to gain money for the first time. Because of various conditions I will need to make money soon, I can’t do otherwise. This is the first time I felt any form of need to work, the sort of need that wake you up at 7am and makes you go to work directly. I want to call that an obsession. And I know that it’s what I was lacking to make great things. I hope that this obsession will stay with me to help me create great things.

### Alchemy - CreateWeb3Dapp

Alchemy released a npm package containing templates and components to easily create dapp.

There is only a NFT explorer available as a template for the moment but there is more to come.

Deploying the template only took 1 minute, and can be a good base to start a new project.

### Perpy finance

I don’t know why I thought it was called lancelot.

It’s a copy trading platform on GMX. Every data is available : how many people is following, how much money is in for copy, the performance of the trader (7 days),

I think my solution is better.

First, traders have to put a performance fee ranging between 10 to 50%, the min is 10%…

Then the platform takes 20% of this performance fee…

And more fees if you want to withdraw, from 0.3% to 5%…

They want to go on multiple platforms like me. I think my way of going is better, maybe not very ethical because traders are copied without consent, and I don’t want to put enormous fees like this.

I’m going to work a lot more on the bot and big things are coming, it will be great. See you NW.

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*Originally published on [Bichop](https://paragraph.com/@bichop/06-12-03-2023)*