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Analysis of Perp Dex Aggregator Liquid: Team, Concept, Coin, Code + Practice, Risks, and Advantages
Analysis of Perp Dex Aggregator Liquid: Team, Concept, Coin, Code + Practice, Risks, and AdvantagesAt first it was only a mobile app: I thought the project was useless for me. But it turned out there is a beta version of the web interface. So I decided to analyze the project.AuditTeamThere is no link to the team page or LinkedIn on the website. But I found out that the Liquid project was developed by a team of highly qualified specialists from New York with significant experience in quantitat...
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Analysis of Perp Dex Aggregator Liquid: Team, Concept, Coin, Code + Practice, Risks, and Advantages
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For example, it allows you to keep assets in a certain percentage ratio by price or even set conditions.
It caught my interest with its unique functionality, as well as the implementation of the much-anticipated rebalancing portfolio functionality.
As often happens, I couldn't find the team page on the website - that's bad. No LinkedIn links either.
But I found the company on LinkedIn.
Interestingly, they are actively posting (the last post was 7 hours ago at the time of writing the article), 956 followers and 12 employees:

I'll tell you about some of them:
John Johnson - Co-Founder. Previously, he was R&D Lead at Anagram Ltd, and before that, he worked at 0x Labs for 4 years (last position Technical Advisooor). Before that - Senior Software Engineer at Textio.
In total, he has worked at 10 companies.
Brian H. - also a co-founder. Previously - Tutor, Consultant at IvyWise. Before that - Product Manager at Anchorage Digital (I've heard of it). As far as I understand, he also traded at XTX Markets. Before this company - Interest Rate Trader at Morgan Stanley.
In general, good experience to lead a project in this area.
Software Engineer Intern Tolga Gokturk Cohce (internship). Previously was Vice President at Dalhousie Blockchain Society, Student Technician at Mount Allison University, Information Technology Specialist at My Investing Club and others. Has experience, but in related fields. And recently at the company.
Senior Software Engineer Dylan DesRosier also works in the same position at Anagram Ltd. But importantly, he was a Senior Software Engineer at MetaMask (2023-2024) - that's cool! Before that company - Frontend Software Engineer at Draper AI and others.
Good experience.
Staff Software Engineer Marcos Silva previously worked at Cega as Senior Software Engineer and Lead Front End Engineer (strange that the position became lower). Also was a Software Engineer at Coinbase (2021-2023) - that's a cool claim for experience.
In general, also a professional who contributes a lot to the project.
Head of Business Development Vincent Chen previously worked at Supra: Technical Integrations Lead, Director of Ecosystem and VP of Ecosystem. Related positions, useful in terms of experience for the current one. Before that, he was at Api3 as a Deployment Engineer and so on...
Also most likely a professional. Although we haven't heard about Supra for a long time - maybe he wasn't very good as a specialist (although more likely just not much depended on him there).
Yusuf Gidado - Community Manager, and before that Community Ecosystem Lead at Sign, Marketing Intern at Collective Memory, Community Manager at DRAGON CLAN and Social Media Manager at DEX STANDARD. Small experience (since December 2024).
Education also cannot indicate experience in this field.
Staff Software Engineer Ogulcan Patavi previously was Senior Software Engineer at Moralis, at Gelato: Software Engineer and Technical Lead, Senior Software Engineer at Spendesk, Software Engineer at Klarna and others.
Good experience.
Head of Marketing Shimron (Wynter) previously was at Growgami (6 months): Senior Marketing and Head of Socials, Creative Marketing Director at TOOTHACHE, Marketing Consultant at NEÜM. And at MOVEMEON Growth Associate and Growth Marketer.
In general, good experience, if you consider previous companies. But how good he is in real marketing - I can't say.
Conclusion: most team members are professionals, based on their work at other companies.

They answer questions and are polite. Also quite fast.
There are also roles whose information is easy to find in the respective channels.
The last announcement was published on January 7:

They write infrequently, but the periodicity is maintained. For example, the penultimate one was on January 5, before that - December 31, and even before that - December 25.
In the community updates, the last post with announcements is today:

Lounge chat is active:

In general, normal activity.
X @glider_fi:

4038 posts, 74.9 thousand subscribers. Last post 7 hours ago with 80 replies, 76 reposts, 207 likes, 4218 views.
The previous one was also 7 hours ago, but with two 1 repost, 17 likes and 1657 views.
There are apparently spikes due to interest or quests. And there are too many subscriptions for such activity.
They write about the project and the field they work in.
According to Tweetscout, the project has a score of 630 (level 3 - Credible). As for bots, the level is 4 - Alarming (too many of them).
Some subscribed projects: MoonPay, DEGEN NEWS, 0x, Matcha, doodlifts, GSR, Anchorage Digital, Plume Avalon Labs and others.
Venture capital: loomdart, eGirl Capital 仙女資本, Drew Austin, Red Beard Ventures, Joey Krug, Pantera Capital and others.

The last video 3 months ago - they haven't published anything for a long time.
Blog:

The last article on January 12 - okay.

There are messages today (and it's midnight for me). So the chat is active, and the admins answer questions.
Rating 4 out of 5: the team is public, but there are no links or information on the website. Most participants have experience in their current or related positions.
Social media is active (except for Youtube), and they answer questions correctly & quickly.
There are several places where we can learn about the project:
The main page of the site (briefly, I'll show it in practice).

Here we learn what Glider is:
Glider is a platform that allows you to easily create investment portfolios. The platform is designed to provide investors with advanced tools and capabilities that would otherwise require coding or be incredibly time-consuming to implement manually.
With Glider, you can create automated portfolios for any assets on the blockchain: stablecoins, real-world assets (RWA), blockchain stocks, and of course, cryptocurrencies.
Here are just some of Glider's capabilities:
Create any ETF that will automatically rebalance the portfolio.
Earn income from assets and automatically switch between different income sources.
Buy or sell when any trigger is triggered (e.g., when BTC reaches $120,000 or one of the top ten token holders transfers their token).
The project creators' goal is to simplify portfolio creation. They want to eliminate complex aspects like gas, intermediate transactions, and signing - things users will never have to think about.
What the project is non-custodial (Glider does not store, see, or perform any actions with your private keys).
"Glider wallets are created using account abstraction - think of each portfolio as a sub-account to your existing wallet. These wallets always remain yours, even if Glider ceases to exist".
The smart wallet infrastructure they use is open source and audited (see ZeroDev Kernel Wallet audit).
Glider itself does not use any new smart contracts. We use ZeroDev Kernel Wallet, as well as leading audited DEX aggregators and lending protocols.
But it's worth understanding that in addition to you, Glider will also have access to manage strategies - how management works is not written - this is a risk.
What is the cost of using Glider?
"Glider covers all gas fees and DEX aggregator fees for users. The founders believe that covering these fees improves the user experience.
To ensure further growth of Glider and generate revenue that can be distributed to referrals, Glider charges a 30 basis point fee on trading volume.
Glider uses these fees to cover operational expenses, such as all gas and network connection costs - things users usually have to pay for on other platforms".
And others.
For example, there is a point system within the platform. The user earns 1 point for every dollar in Glider, for each day. Points are credited not from the deposit amount, but from the current value of the portfolio. That is, as the balance grows, the rate of point accumulation increases. Even funds lying on the cash balance are also taken into account in the calculation. These points serve as an indicator of early participation and, according to the team's statement, will be converted into full-fledged points of the main system in the future.
A separate referral program has been developed, which allows earning both points and a portion of the commissions of attracted users. The reward is distributed according to a three-tier system: 30% of their points and commissions are credited for direct referrals, 5% for the second level, and 3% for the third level. At the same time, the points of the invited users themselves do not burn out, and commission rewards are paid in USDC and credited to the balance.

This is more for developers, so I won't show it in detail. I'll just say that there is a description of the API and SDK.
For example, here's a quick start:

Although there is something else important:
To automate operations (for example, rebalancing), the GLider software uses session keys - these are limited authority signatures that you sign once, and they allow the platform to execute actions according to your strategy without your participation in each individual transaction.
However, the keys do not give the right to withdraw funds.
Only the management method is not disclosed. In some reviews, they write about solvers (executors), but how they are chosen and how they work is unclear.
All instructions for use are in Learn - this is a section in their blog:

It details how to create portfolios, how logic blocks work, what rebalancing is, how to use dynamic filters, moving averages, and other elements of the strategy builder. Essentially, Learn is a knowledge base that turns Glider from just a "portfolio builder" into a full-fledged platform for systematic on-chain strategy management.
The quick start section explains how to use ready-made strategies.
To better understand how strategy work in Glider looks in practice, it's useful to look at what logical elements a portfolio is actually built from and what scenarios this allows you to implement. The entire logic is built from visual blocks that determine which assets should be in the portfolio, how the weight is distributed between them, and under what conditions the strategy should change its behavior.
In the simplest case, a portfolio can consist of just a few assets with specified weights and automatically rebalance to maintain the original distribution. For example, a user can set a portfolio of 50% ETH and 50% BTC and enable automatic rebalancing. If one asset grows stronger than the other and "skews" the proportions, Glider will make the necessary exchanges to return the portfolio to its original ratio. Inside the builder, this looks like a combination of an asset block and a weight block, with a rebalancing mechanism on top.
More complex strategies are built through conditional logic. For example, you can set a rule: if the price of BTC is above its moving average, the portfolio holds BTC and ETH, and if the price falls below, it moves into stablecoins. In terms of the builder, this is implemented through an If/Else block that compares the price with an indicator (e.g., SMA) and, depending on the result, switches the portfolio between two sets of assets. Thus, the strategy starts automatically "going into defense" when market conditions deteriorate and returns to the market when the trend recovers.
Another level of complexity arises when using dynamic blocks. Instead of manually selecting specific tokens, the user can set filters: for example, market capitalization above a certain value, sufficient liquidity, and sorting by any indicator. The Dynamic Block itself selects suitable assets and keeps their list up to date. As a result, you can assemble a strategy like "hold the top 3 tokens by market capitalization in a selected category" or "invest in the most liquid assets in a certain sector" without manually changing the portfolio with every market change.
The portfolios themselves are assembled from several basic types of blocks: some are responsible for asset selection, others for their weights, others for filtering and sorting, and others for conditional logic. By combining them, the user can assemble both a very simple strategy, essentially an index portfolio analog, and a fairly complex system with entry, exit, and protective scenarios.
Rating 3 out of 5: the functionality is interesting and unique. But it is not described how the project manages the user's smart wallet with the strategy: is it a node, a centralized server, or an oracle... It's good that session keys are issued for managing the strategy without the ability to withdraw from the smart wallet.
There is also no market analysis, competitors, and demand.
No tokenomics or utility tokens. No token either. But as I wrote in the concept (FAQ section), there is a point program.
I remind you that points are awarded for the balance of the strategy and the holding time (when the amount of the strategy changes, the accrual also changes).
According to Cryptorank, the project raised $4 million from a16z CSX, Coinbase Ventures, GSR, Selini Capital, Anagram Crypto, Uniswap Labs Ventures, Generative Ventures, Pivot Global, MoonPay, Hardi Meybaum, and Plume Network:

The list is long, and there are well-known investors. The amount could be larger (now or in the future).
Rating 3 out of 5: there is no token or tokenomics, but there is a point program. There are also investments, including from well-known funds (e.g., A16Z and Uniswap). But the total amount is only $4 million (according to Cryptorank).
Rating 1 out of 5: it is closed.
We open the application's website:

"Sign in":

If not needed - "Other wallets":

Select, connect and sign the message.
Onboarding:

Click "Create your account" to create a strategy account:

And sign.
After that, we can immediately select a portfolio:

Options:
50/50 BTC and ETH
DeFi Token Mix
The Big Five
You can also go to "explore moreor" or create your own portfolio.
Let's choose "The Big Five":

We see information, including TVL $ 5.1K - it's a bit low.
There is also a description and assets. Note that for XRP, $UXRP is used instead of SOL uSOL and instead of DOGE uDOGE. They have their own liquidity level in Base. I already talked about uTAO with liquidity of 7K in the review of Universal and how it dropped to 2K $.
If you agree, click "Sign (Free)" and sign the message. It's important that I wouldn't choose this option for the main deposit. Here it doesn't matter: anyway, I'll invest 5-10 $.
So, next they offer a choice of funding method:

Selecting "Crypto Transfer":

USDC Base is selected by default. I'll keep this token and have already entered the amount.
You can choose a different token:

I'll keep my current one and click "Deposit". Confirm the standard fund transfer in your wallet (don't forget to check the amount).
Next:

Click "Schedule portfolio":

I see the asset composition and that the portfolio is online.
"Rebalance Now" is unavailable. Click "View Portfolio":

I land on the portfolio page. Here we can go to settings by clicking "Settings":

Here we can specify how often to rebalance (keep in mind that this also requires fees). I changed it to 1 day and added a description. I didn't touch the tags - they are not needed in my case.
And expanded "Permissions":

Here you can make the portfolio public (private by default) and allow forks. This is more relevant for creators of unique portfolios, which we will discuss later.
By clicking "Edit portfolio" we open the constructor:

Here we can see the added assets. At the top - delete them or add new ones.
By clicking "Edit weighting configuration", we see the following menu:

We can choose between equality (to always be equal), percentage, and market cap.
Changed to percentage:

The button became like this:
"Weight
specified percentage"
And below are the percentages for each asset.
I set 5% for uDOGE:

uXRP also 5% in the same way, ETH - 40%, cbBTC - 30%, uSOL - 20%:

So as you can see, it's quite simple!
Ready to go, hit "Save and Rebalance":

The page with new data has opened. We can study it. In particular, we see the rebalancing that occurred.
And also that there is currently a loss of -0.03 $.
With the "Share" button, we can share:

"Portfolio options" will open the menu:

Where we can view the template, duplicate the portfolio, and change permissions. I won't show the second and third, but here's the template:

The "Addresses" button on your portfolio page will display addresses in different blockchains. But I don't recommend topping them up (I have 5 USDC Arbitrum stuck):

Below (under the history and other sections) you will find the rebalance, deposit, and withdrawal buttons. Below the rebalance, you will see the balance, the Gas saved, and the points I will receive 9 per day.
To access them, click on the wallet address at the top:

"My profile":

We see the deposit balance and active portfolios.
"Settings":

Here you can select a theme, restart the onboarding, configure portfolios and notifications in the future, and connect X.
The first page from the title opens via the "Dashboard" link in the main menu:

Here you can top up your cash balance for use when creating / replenishing strategies.
You can also create a portfolio and view existing ones.
The "available-funds" page with cash balance:

Top up, withdraw, and change permissions in "More options":

(I wouldn't advise you to change anything here).
Click on the "Refer and Earn" button at the top. Also opens via "Invite friends" in the dashboard:

Here we can enter the referral code of the person who invited you (you will already have mine) and copy / generate your own link.
Study for selection in "Explore":

This is like a list of strategies in onboarding, but there are more of them here.
We see the existing tokens and description. So we choose what suits us. Don't forget that we can edit later.
There are 2 blocks here: Base batches, Plume ecosystem portfolio (RWA), and Solana portfolio.
There are also DeFi and popular portfolios. For example, the first one is the High Yield USDC Strategy. The name is nice, but there are only 2 tokens: USDC and HYCSUSDC.
I draw your attention to the fact that the most popular deposit strategy has $1,771,665.06. That is, not very large: it is worth allocating a small deposit for this project.
Click "Create" in the menu, landing on this page:

Click "Select block":

Options:
Asset
Add a token from any network
Weight (Allocation)
Determine the balance between your assets
If/Else (Conditional)
Tell your portfolio: "If this happens, do this and that".
Filter
Keep only the tokens that match your rules
Dynamic
Automatically update tokens in DexScreener using your filters
The other 2 are inactive for now.
Selected the last option:

Clicking on "Dynamic":

Changed market cap and liquidity. Also set the percentages of changes and that there are 5 tokens. At the end "Apply Filters".

Here are the changes - awesome functionality!
"Weight" set to "Market Cap":

But after that, the tokens became inactive, and I don't know where to set the desired value. So I will use either an equal percentage or a specific balance.
Under the block, you can press the button (mine is unsigned) - another block will be added:

For example, I selected a filter:

"SortSelect":

Also changed to top 5, and then to another function by clicking on "Choose function":

On "Percent Gain":

Result:

By the way, don't click on waiting (another one is added, and for some reason it can't be deleted). It's the same as what we had immediately:
Fortunately, you can click "Undo" to undo the changes.
Manual token selection is the standard selection form:

I won't be adding them.
And the most interesting thing left is if/else:

How "Select block" - opens the same list of blocks:

Selected token:

But forgot to set the condition. Click on "Set condition":

Clicked on "Select function" and set the function "Current price". Next, selected the token. Result:

By clicking on "greater" we can select it and "less" (I set it).

Here in the list of functions, "Fixed Value" is added. I will specify it:

Unfortunately, there is no percentage... So we could set a condition that if the price has decreased by 10%, then...
I set the price < 0.497:

As you can see on the screenshot below, a separate block with the token is no longer needed. So I have already removed it from the condition:

And we can select the action block. As I understand, here you can specify the purchase token by simply selecting the token. I selected USDC. But I'm not sure if this will work...
And in else, I specified ETH:

As you can see, there is a list of assets. But ETH is also present in it.
In general, if there is a desire to do something complex, you can implement something other than what is desired.
Once everything is done, click "Create portfolio":

"Sign (Free)" and sign. Then top up as when creating the first portfolio or, if you have topped up the cash balance, select cash balance.
Done:

"Schedule portfolio":

And we see our portfolio.
Here's its link: https://glider.fi/portfolio/cxogxhkx
Rating 4 out of 5: unique functionality, you can create almost any portfolio management strategy. Almost, because I couldn't rebalance when the price changed by 10% in USDC and back.
All constructor blocks are clear, but the if/else operating principle is not entirely clear.
Also, it's important that the deposit for the top 1 strategy is only about 1.2 million $: don't allocate a significant amount here.
15 out of 25:
Team: 4 out of 5: the team is public, but there are no links or information on the website. Most members have experience in their current or related positions.
Social media is active (except for Youtube), and they answer questions correctly and quickly.
Concept: 3 out of 5: the functionality is interesting and unique. However, it is not described how the project manages the user's smart wallet with the strategy: is it a node, a centralized server, or an oracle... At least session keys are issued for managing the strategy without the ability to withdraw from the smart wallet.
There is also no market analysis, competitors, and demand.
Coin: 3 out of 5: there is no token or tokenomics, but there is a points program. There are also investments, including from well-known funds (e.g., A16Z and Uniswap). But the total amount is only 4 million (according to Cryptorank).
Code: 1 out of 5. It is closed. There are audits of the smart wallet, but they are from other developers.
Practice: 4 out of 5: unique functionality, you can create almost any portfolio management strategy. Almost, because I couldn't rebalance when the price changed by 10% in USDC and back.
All constructor blocks are clear, but the if/else operating principle is not entirely clear.
It is also important that the deposit for the top 1 strategy is only about $1.2 million: do not allocate a significant amount here.
Subscribe to https://t.me/blind_dev - there are posts with new reviews, about the tokenomics of projects and about me.
For example, it allows you to keep assets in a certain percentage ratio by price or even set conditions.
It caught my interest with its unique functionality, as well as the implementation of the much-anticipated rebalancing portfolio functionality.
As often happens, I couldn't find the team page on the website - that's bad. No LinkedIn links either.
But I found the company on LinkedIn.
Interestingly, they are actively posting (the last post was 7 hours ago at the time of writing the article), 956 followers and 12 employees:

I'll tell you about some of them:
John Johnson - Co-Founder. Previously, he was R&D Lead at Anagram Ltd, and before that, he worked at 0x Labs for 4 years (last position Technical Advisooor). Before that - Senior Software Engineer at Textio.
In total, he has worked at 10 companies.
Brian H. - also a co-founder. Previously - Tutor, Consultant at IvyWise. Before that - Product Manager at Anchorage Digital (I've heard of it). As far as I understand, he also traded at XTX Markets. Before this company - Interest Rate Trader at Morgan Stanley.
In general, good experience to lead a project in this area.
Software Engineer Intern Tolga Gokturk Cohce (internship). Previously was Vice President at Dalhousie Blockchain Society, Student Technician at Mount Allison University, Information Technology Specialist at My Investing Club and others. Has experience, but in related fields. And recently at the company.
Senior Software Engineer Dylan DesRosier also works in the same position at Anagram Ltd. But importantly, he was a Senior Software Engineer at MetaMask (2023-2024) - that's cool! Before that company - Frontend Software Engineer at Draper AI and others.
Good experience.
Staff Software Engineer Marcos Silva previously worked at Cega as Senior Software Engineer and Lead Front End Engineer (strange that the position became lower). Also was a Software Engineer at Coinbase (2021-2023) - that's a cool claim for experience.
In general, also a professional who contributes a lot to the project.
Head of Business Development Vincent Chen previously worked at Supra: Technical Integrations Lead, Director of Ecosystem and VP of Ecosystem. Related positions, useful in terms of experience for the current one. Before that, he was at Api3 as a Deployment Engineer and so on...
Also most likely a professional. Although we haven't heard about Supra for a long time - maybe he wasn't very good as a specialist (although more likely just not much depended on him there).
Yusuf Gidado - Community Manager, and before that Community Ecosystem Lead at Sign, Marketing Intern at Collective Memory, Community Manager at DRAGON CLAN and Social Media Manager at DEX STANDARD. Small experience (since December 2024).
Education also cannot indicate experience in this field.
Staff Software Engineer Ogulcan Patavi previously was Senior Software Engineer at Moralis, at Gelato: Software Engineer and Technical Lead, Senior Software Engineer at Spendesk, Software Engineer at Klarna and others.
Good experience.
Head of Marketing Shimron (Wynter) previously was at Growgami (6 months): Senior Marketing and Head of Socials, Creative Marketing Director at TOOTHACHE, Marketing Consultant at NEÜM. And at MOVEMEON Growth Associate and Growth Marketer.
In general, good experience, if you consider previous companies. But how good he is in real marketing - I can't say.
Conclusion: most team members are professionals, based on their work at other companies.

They answer questions and are polite. Also quite fast.
There are also roles whose information is easy to find in the respective channels.
The last announcement was published on January 7:

They write infrequently, but the periodicity is maintained. For example, the penultimate one was on January 5, before that - December 31, and even before that - December 25.
In the community updates, the last post with announcements is today:

Lounge chat is active:

In general, normal activity.
X @glider_fi:

4038 posts, 74.9 thousand subscribers. Last post 7 hours ago with 80 replies, 76 reposts, 207 likes, 4218 views.
The previous one was also 7 hours ago, but with two 1 repost, 17 likes and 1657 views.
There are apparently spikes due to interest or quests. And there are too many subscriptions for such activity.
They write about the project and the field they work in.
According to Tweetscout, the project has a score of 630 (level 3 - Credible). As for bots, the level is 4 - Alarming (too many of them).
Some subscribed projects: MoonPay, DEGEN NEWS, 0x, Matcha, doodlifts, GSR, Anchorage Digital, Plume Avalon Labs and others.
Venture capital: loomdart, eGirl Capital 仙女資本, Drew Austin, Red Beard Ventures, Joey Krug, Pantera Capital and others.

The last video 3 months ago - they haven't published anything for a long time.
Blog:

The last article on January 12 - okay.

There are messages today (and it's midnight for me). So the chat is active, and the admins answer questions.
Rating 4 out of 5: the team is public, but there are no links or information on the website. Most participants have experience in their current or related positions.
Social media is active (except for Youtube), and they answer questions correctly & quickly.
There are several places where we can learn about the project:
The main page of the site (briefly, I'll show it in practice).

Here we learn what Glider is:
Glider is a platform that allows you to easily create investment portfolios. The platform is designed to provide investors with advanced tools and capabilities that would otherwise require coding or be incredibly time-consuming to implement manually.
With Glider, you can create automated portfolios for any assets on the blockchain: stablecoins, real-world assets (RWA), blockchain stocks, and of course, cryptocurrencies.
Here are just some of Glider's capabilities:
Create any ETF that will automatically rebalance the portfolio.
Earn income from assets and automatically switch between different income sources.
Buy or sell when any trigger is triggered (e.g., when BTC reaches $120,000 or one of the top ten token holders transfers their token).
The project creators' goal is to simplify portfolio creation. They want to eliminate complex aspects like gas, intermediate transactions, and signing - things users will never have to think about.
What the project is non-custodial (Glider does not store, see, or perform any actions with your private keys).
"Glider wallets are created using account abstraction - think of each portfolio as a sub-account to your existing wallet. These wallets always remain yours, even if Glider ceases to exist".
The smart wallet infrastructure they use is open source and audited (see ZeroDev Kernel Wallet audit).
Glider itself does not use any new smart contracts. We use ZeroDev Kernel Wallet, as well as leading audited DEX aggregators and lending protocols.
But it's worth understanding that in addition to you, Glider will also have access to manage strategies - how management works is not written - this is a risk.
What is the cost of using Glider?
"Glider covers all gas fees and DEX aggregator fees for users. The founders believe that covering these fees improves the user experience.
To ensure further growth of Glider and generate revenue that can be distributed to referrals, Glider charges a 30 basis point fee on trading volume.
Glider uses these fees to cover operational expenses, such as all gas and network connection costs - things users usually have to pay for on other platforms".
And others.
For example, there is a point system within the platform. The user earns 1 point for every dollar in Glider, for each day. Points are credited not from the deposit amount, but from the current value of the portfolio. That is, as the balance grows, the rate of point accumulation increases. Even funds lying on the cash balance are also taken into account in the calculation. These points serve as an indicator of early participation and, according to the team's statement, will be converted into full-fledged points of the main system in the future.
A separate referral program has been developed, which allows earning both points and a portion of the commissions of attracted users. The reward is distributed according to a three-tier system: 30% of their points and commissions are credited for direct referrals, 5% for the second level, and 3% for the third level. At the same time, the points of the invited users themselves do not burn out, and commission rewards are paid in USDC and credited to the balance.

This is more for developers, so I won't show it in detail. I'll just say that there is a description of the API and SDK.
For example, here's a quick start:

Although there is something else important:
To automate operations (for example, rebalancing), the GLider software uses session keys - these are limited authority signatures that you sign once, and they allow the platform to execute actions according to your strategy without your participation in each individual transaction.
However, the keys do not give the right to withdraw funds.
Only the management method is not disclosed. In some reviews, they write about solvers (executors), but how they are chosen and how they work is unclear.
All instructions for use are in Learn - this is a section in their blog:

It details how to create portfolios, how logic blocks work, what rebalancing is, how to use dynamic filters, moving averages, and other elements of the strategy builder. Essentially, Learn is a knowledge base that turns Glider from just a "portfolio builder" into a full-fledged platform for systematic on-chain strategy management.
The quick start section explains how to use ready-made strategies.
To better understand how strategy work in Glider looks in practice, it's useful to look at what logical elements a portfolio is actually built from and what scenarios this allows you to implement. The entire logic is built from visual blocks that determine which assets should be in the portfolio, how the weight is distributed between them, and under what conditions the strategy should change its behavior.
In the simplest case, a portfolio can consist of just a few assets with specified weights and automatically rebalance to maintain the original distribution. For example, a user can set a portfolio of 50% ETH and 50% BTC and enable automatic rebalancing. If one asset grows stronger than the other and "skews" the proportions, Glider will make the necessary exchanges to return the portfolio to its original ratio. Inside the builder, this looks like a combination of an asset block and a weight block, with a rebalancing mechanism on top.
More complex strategies are built through conditional logic. For example, you can set a rule: if the price of BTC is above its moving average, the portfolio holds BTC and ETH, and if the price falls below, it moves into stablecoins. In terms of the builder, this is implemented through an If/Else block that compares the price with an indicator (e.g., SMA) and, depending on the result, switches the portfolio between two sets of assets. Thus, the strategy starts automatically "going into defense" when market conditions deteriorate and returns to the market when the trend recovers.
Another level of complexity arises when using dynamic blocks. Instead of manually selecting specific tokens, the user can set filters: for example, market capitalization above a certain value, sufficient liquidity, and sorting by any indicator. The Dynamic Block itself selects suitable assets and keeps their list up to date. As a result, you can assemble a strategy like "hold the top 3 tokens by market capitalization in a selected category" or "invest in the most liquid assets in a certain sector" without manually changing the portfolio with every market change.
The portfolios themselves are assembled from several basic types of blocks: some are responsible for asset selection, others for their weights, others for filtering and sorting, and others for conditional logic. By combining them, the user can assemble both a very simple strategy, essentially an index portfolio analog, and a fairly complex system with entry, exit, and protective scenarios.
Rating 3 out of 5: the functionality is interesting and unique. But it is not described how the project manages the user's smart wallet with the strategy: is it a node, a centralized server, or an oracle... It's good that session keys are issued for managing the strategy without the ability to withdraw from the smart wallet.
There is also no market analysis, competitors, and demand.
No tokenomics or utility tokens. No token either. But as I wrote in the concept (FAQ section), there is a point program.
I remind you that points are awarded for the balance of the strategy and the holding time (when the amount of the strategy changes, the accrual also changes).
According to Cryptorank, the project raised $4 million from a16z CSX, Coinbase Ventures, GSR, Selini Capital, Anagram Crypto, Uniswap Labs Ventures, Generative Ventures, Pivot Global, MoonPay, Hardi Meybaum, and Plume Network:

The list is long, and there are well-known investors. The amount could be larger (now or in the future).
Rating 3 out of 5: there is no token or tokenomics, but there is a point program. There are also investments, including from well-known funds (e.g., A16Z and Uniswap). But the total amount is only $4 million (according to Cryptorank).
Rating 1 out of 5: it is closed.
We open the application's website:

"Sign in":

If not needed - "Other wallets":

Select, connect and sign the message.
Onboarding:

Click "Create your account" to create a strategy account:

And sign.
After that, we can immediately select a portfolio:

Options:
50/50 BTC and ETH
DeFi Token Mix
The Big Five
You can also go to "explore moreor" or create your own portfolio.
Let's choose "The Big Five":

We see information, including TVL $ 5.1K - it's a bit low.
There is also a description and assets. Note that for XRP, $UXRP is used instead of SOL uSOL and instead of DOGE uDOGE. They have their own liquidity level in Base. I already talked about uTAO with liquidity of 7K in the review of Universal and how it dropped to 2K $.
If you agree, click "Sign (Free)" and sign the message. It's important that I wouldn't choose this option for the main deposit. Here it doesn't matter: anyway, I'll invest 5-10 $.
So, next they offer a choice of funding method:

Selecting "Crypto Transfer":

USDC Base is selected by default. I'll keep this token and have already entered the amount.
You can choose a different token:

I'll keep my current one and click "Deposit". Confirm the standard fund transfer in your wallet (don't forget to check the amount).
Next:

Click "Schedule portfolio":

I see the asset composition and that the portfolio is online.
"Rebalance Now" is unavailable. Click "View Portfolio":

I land on the portfolio page. Here we can go to settings by clicking "Settings":

Here we can specify how often to rebalance (keep in mind that this also requires fees). I changed it to 1 day and added a description. I didn't touch the tags - they are not needed in my case.
And expanded "Permissions":

Here you can make the portfolio public (private by default) and allow forks. This is more relevant for creators of unique portfolios, which we will discuss later.
By clicking "Edit portfolio" we open the constructor:

Here we can see the added assets. At the top - delete them or add new ones.
By clicking "Edit weighting configuration", we see the following menu:

We can choose between equality (to always be equal), percentage, and market cap.
Changed to percentage:

The button became like this:
"Weight
specified percentage"
And below are the percentages for each asset.
I set 5% for uDOGE:

uXRP also 5% in the same way, ETH - 40%, cbBTC - 30%, uSOL - 20%:

So as you can see, it's quite simple!
Ready to go, hit "Save and Rebalance":

The page with new data has opened. We can study it. In particular, we see the rebalancing that occurred.
And also that there is currently a loss of -0.03 $.
With the "Share" button, we can share:

"Portfolio options" will open the menu:

Where we can view the template, duplicate the portfolio, and change permissions. I won't show the second and third, but here's the template:

The "Addresses" button on your portfolio page will display addresses in different blockchains. But I don't recommend topping them up (I have 5 USDC Arbitrum stuck):

Below (under the history and other sections) you will find the rebalance, deposit, and withdrawal buttons. Below the rebalance, you will see the balance, the Gas saved, and the points I will receive 9 per day.
To access them, click on the wallet address at the top:

"My profile":

We see the deposit balance and active portfolios.
"Settings":

Here you can select a theme, restart the onboarding, configure portfolios and notifications in the future, and connect X.
The first page from the title opens via the "Dashboard" link in the main menu:

Here you can top up your cash balance for use when creating / replenishing strategies.
You can also create a portfolio and view existing ones.
The "available-funds" page with cash balance:

Top up, withdraw, and change permissions in "More options":

(I wouldn't advise you to change anything here).
Click on the "Refer and Earn" button at the top. Also opens via "Invite friends" in the dashboard:

Here we can enter the referral code of the person who invited you (you will already have mine) and copy / generate your own link.
Study for selection in "Explore":

This is like a list of strategies in onboarding, but there are more of them here.
We see the existing tokens and description. So we choose what suits us. Don't forget that we can edit later.
There are 2 blocks here: Base batches, Plume ecosystem portfolio (RWA), and Solana portfolio.
There are also DeFi and popular portfolios. For example, the first one is the High Yield USDC Strategy. The name is nice, but there are only 2 tokens: USDC and HYCSUSDC.
I draw your attention to the fact that the most popular deposit strategy has $1,771,665.06. That is, not very large: it is worth allocating a small deposit for this project.
Click "Create" in the menu, landing on this page:

Click "Select block":

Options:
Asset
Add a token from any network
Weight (Allocation)
Determine the balance between your assets
If/Else (Conditional)
Tell your portfolio: "If this happens, do this and that".
Filter
Keep only the tokens that match your rules
Dynamic
Automatically update tokens in DexScreener using your filters
The other 2 are inactive for now.
Selected the last option:

Clicking on "Dynamic":

Changed market cap and liquidity. Also set the percentages of changes and that there are 5 tokens. At the end "Apply Filters".

Here are the changes - awesome functionality!
"Weight" set to "Market Cap":

But after that, the tokens became inactive, and I don't know where to set the desired value. So I will use either an equal percentage or a specific balance.
Under the block, you can press the button (mine is unsigned) - another block will be added:

For example, I selected a filter:

"SortSelect":

Also changed to top 5, and then to another function by clicking on "Choose function":

On "Percent Gain":

Result:

By the way, don't click on waiting (another one is added, and for some reason it can't be deleted). It's the same as what we had immediately:
Fortunately, you can click "Undo" to undo the changes.
Manual token selection is the standard selection form:

I won't be adding them.
And the most interesting thing left is if/else:

How "Select block" - opens the same list of blocks:

Selected token:

But forgot to set the condition. Click on "Set condition":

Clicked on "Select function" and set the function "Current price". Next, selected the token. Result:

By clicking on "greater" we can select it and "less" (I set it).

Here in the list of functions, "Fixed Value" is added. I will specify it:

Unfortunately, there is no percentage... So we could set a condition that if the price has decreased by 10%, then...
I set the price < 0.497:

As you can see on the screenshot below, a separate block with the token is no longer needed. So I have already removed it from the condition:

And we can select the action block. As I understand, here you can specify the purchase token by simply selecting the token. I selected USDC. But I'm not sure if this will work...
And in else, I specified ETH:

As you can see, there is a list of assets. But ETH is also present in it.
In general, if there is a desire to do something complex, you can implement something other than what is desired.
Once everything is done, click "Create portfolio":

"Sign (Free)" and sign. Then top up as when creating the first portfolio or, if you have topped up the cash balance, select cash balance.
Done:

"Schedule portfolio":

And we see our portfolio.
Here's its link: https://glider.fi/portfolio/cxogxhkx
Rating 4 out of 5: unique functionality, you can create almost any portfolio management strategy. Almost, because I couldn't rebalance when the price changed by 10% in USDC and back.
All constructor blocks are clear, but the if/else operating principle is not entirely clear.
Also, it's important that the deposit for the top 1 strategy is only about 1.2 million $: don't allocate a significant amount here.
15 out of 25:
Team: 4 out of 5: the team is public, but there are no links or information on the website. Most members have experience in their current or related positions.
Social media is active (except for Youtube), and they answer questions correctly and quickly.
Concept: 3 out of 5: the functionality is interesting and unique. However, it is not described how the project manages the user's smart wallet with the strategy: is it a node, a centralized server, or an oracle... At least session keys are issued for managing the strategy without the ability to withdraw from the smart wallet.
There is also no market analysis, competitors, and demand.
Coin: 3 out of 5: there is no token or tokenomics, but there is a points program. There are also investments, including from well-known funds (e.g., A16Z and Uniswap). But the total amount is only 4 million (according to Cryptorank).
Code: 1 out of 5. It is closed. There are audits of the smart wallet, but they are from other developers.
Practice: 4 out of 5: unique functionality, you can create almost any portfolio management strategy. Almost, because I couldn't rebalance when the price changed by 10% in USDC and back.
All constructor blocks are clear, but the if/else operating principle is not entirely clear.
It is also important that the deposit for the top 1 strategy is only about $1.2 million: do not allocate a significant amount here.
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