After months of closed development, Nabu V1 shipped to our first cohort of testers this month. Not a demo. Not a sandbox. The real product, live on Ethereum mainnet with Uniswap V2 ↔️ MEXC as the first DEX↔️CEX pair.

Users are creating strategies, running simulations, and deploying with real policy controls. We’re watching how they interact with the creation flow, where they get stuck, what they try that we didn’t expect, and what breaks.

We shipped later than we originally scoped for January. The extra time went into getting the DEX↔️CEX execution loop right. We didn’t want testers hitting a half-working product and forming the wrong first impression. That tradeoff was worth it.

Early feedback is already coming in. The main one so far: the strategy creation flow takes too many steps. We’re reworking the UI/UX to simplify the whole experience. This is exactly why we’re running a private release before opening up more broadly.

More venues and chains are coming. Right now the priority is nailing the core loop with real users before we expand the surface area.

AI-powered strategy generation

The biggest technical milestone this month: we built and shipped an AI agent that translates natural-language strategy descriptions into compilable PSL code. Not templating. The agent researches on-chain data (token addresses, pair liquidity, protocol details, real-time prices), generates PSL, and compiles it in a single conversational flow.

Several generated strategies are already producing positive simulated P&L on Uniswap V2 ↔️ MEXC pairs. Early results, but the loop works: describe what you want, the agent builds it, you verify the code, simulate, deploy.

In January we announced the Midnight partnership. In February we started building it.

Intent Protocol appchain. We built a working prototype on the Pelagos SDK. A cross-chain swap engine that manages the full intent lifecycle: lock → solve → settle → release, with on-chain escrow and settlement contracts and an automated solver bot.

Midnight smart contract prototype. Deployed and built tooling to interact with it. We’re now integrating Midnight components into the Intent Protocol appchain and the broader Pelagos infrastructure.

The goal is a single cross-chain swap pipeline connecting Midnight, Cardano, and external networks through Pelagos’ atomic execution model. Still early stage.

Stability improvements across Pelagos core services this month. Less visible, equally important. The kind of work that keeps everything above running.

We announced Nabu publicly this month. Launched a microsite, X, Telegram, blog posts covering the vision and litepaper. One coordinated push with the end result of 6,500 people signing up for the waitlist.

That number means nothing until they activate and deploy strategies. But as a signal of interest before Nabu opens doors for the public, it’s a solid start.

The community is forming on X and Telegram. Still small, but people are asking about strategy types, execution latency, venue support. The right conversations.

Nicky joined a Space hosted by Peanut Trade on the future of perp DEXs. 50,000+ listeners. Good visibility with the right audience we’re building for.

From the Pelagos side, we put out a post about the kind of community we want: users who operate the product and bring other users who do the same. Not spectators, not farmers. We laid out how incentives will reflect that.

Three key docs got finished this month:

Incentives framework. How users earn across five dimensions: subscription loyalty, outcome quality, referral quality, execution volume, engagement depth. Designed so gaming it is harder than just using the product. In legal review now.

Tokenomics. Complete. In legal review. We’ll share closer to TGE.

Business model. Revenue streams, unit economics, path to sustainability. Sharing with investors.

These had to be done before we can go public on incentives or the token. They’re done. We move.

Product gets pressure-tested. Targeted outreach to professional trading groups, quant firms, and arb desks. We need users who will find every edge case and tell us what’s broken.

KOL partnerships start. Partnering with crypto-native traders and DeFi analysts to demo Nabu through live sessions and strategy walkthroughs. We’re being very selective about who we work with. The bar is they have to actually use the product. No scripts, no paid shills, no cringe.

Community grows with purpose. Dedicated channels for strategy sharing, performance discussion, and direct lines to the dev team.

What’s coming:

Nabu will have a full website with product details, documentation, and onboarding. We’re slowly opening up access to more traders. We’ll be giving out invite codes that grant access to test the platform.

We’ll keep collecting feedback, polishing the product, and working toward a broader launch. The target is 50 traders testing real strategies by the end of March. If we hit that and the feedback is strong, we’re on track. If not, we’ll know what needs to change.

If you know arb desks, quant teams, or traders who’d want early access, intros are welcome.

- Nicky, Evgenii and the Pelagos Team