# Pelagos Monthly Update: July 2026

*The month the AI grew up. An adviser, a strategy lab, real backtesting, and two more exchanges.*

By [Pelagos](https://paragraph.com/@pelagos) · 2026-07-31

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In June we closed the audit and put new venues on the board. In July the focus was different: making those venues usable. Here is a TLDR of what we worked on:

*   The AI can now read your balance and risk, pick a strategy, and configure it for you.
    
*   Strategies can be backtested against a year of real market data before they touch a cent.
    
*   Binance is integrated for spot and perpetuals, and Hyperliquid perps live in full.
    

Internally, we also made an important decision. We're pausing the venue race to focus on stability and usability. More on that below.

Let's go into the details.

**GTM**
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![](https://storage.googleapis.com/papyrus_images/509870f384fc70274b0d845d16a415b4abdbcda23798c10edeb9ccbca393ba3d.png)

**Binance is in, and leverage is live.** We [added Binance](https://x.com/nabupro/status/2082836346469482676) support for spot and perpetuals, and enabled leverage on both Hyperliquid and Binance. It brings the deepest books in the market into the same strategy pipeline that runs your other venues.

**Hyperliquid perpetuals live in full.** Leverage and isolated-margin actions, full order lifecycle, scheduled cancellation, TWAP, trigger and modify flows, account context, unified balances, and signed-action reconciliation. Everything a perp strategy needs to run unattended.

  
**The trading competition is coming together.** We're building the waitlist, the rules, and the mechanics that make a competition worth entering: leaderboards, eligible strategies, prizes. Alongside it we've partnered with trader KOLs and their communities, who will compete and onboard their audiences with them. It kicks off August 24, and seats are limited.

![](https://storage.googleapis.com/papyrus_images/1df6f874d58c8cc8d8d462b5599ba2a48671e5d70fe1a694eb7399ad8fabd206.png)

**Joint campaigns are agreed and loaded.** Every new trading venue we're integrating in the near future has agreed to run joint marketing and announcements. They fire as each integration goes live.  
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We made Nabu a lot easier to use.** A new guided tour takes you from sign-up to your first live strategy step by step. The portfolio page got a major overhaul too: everything you hold, sliced by asset, venue or chain, in one view. Already have an invite code? Come see for yourself.

![](https://storage.googleapis.com/papyrus_images/7362e64f866acc9d38790510be54b0c443312066dc31a1dbba7527bf643fa8bf.png)

**On metrics, an honest month.** We didn't push onboarding in July. The focus went to improving the product, so we unlocked very few invite codes, only for users who genuinely wanted to give feedback. The numbers reflect that choice. Our paid campaign on X did close to 5 million impressions, built for awareness ahead of the competition, not for clicks. The site saw about 1,000 visits. With the trading competition going live on the 24th of August, we expect our first real batch of users.

**Tech**
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**We shipped an AI strategy adviser.** Until now the AI built what you asked for. The adviser goes further: it reads your balance and risk preferences, picks a suitable strategy from the supported set, produces a validated Studio configuration, and reviews your backtest results with you afterward. Under the hood it runs strict validation on everything it generates, binds strategies deterministically to real markets, and repairs its own output when a check fails. What the adviser hands you already passes every check and can run as-is.

**The AI conversation got smoother.** We reworked the conversational flow and the AI now surfaces all the information you need as you go.  

**The Strategy Lab foundation is complete.** The Studio gives you 14 editable strategy shapes to start from: trend following, momentum, mean reversion, moving-average systems, RSI and stochastic defined-risk setups, ATR trailing strategies, signed flow, multi-bar reversal, and volatility regimes. Pick a shape, edit it, then backtest it, paper test it, or deploy it. Same pipeline whether the config came from you, a preset, or the AI.

![](https://storage.googleapis.com/papyrus_images/848734f3f0f9f7c3de5700bf0a10b10681f793bb735ae84c20a39fe6ca3ea6ba.png)

**Backtesting is live.** The backtest service runs your actual generated PSL against real historical market data we've prepared for this. A year of history on 15-minute candles comes back in 20 to 30 seconds. This closes the loop the product needed: idea, strategy, backtest, paper test, deploy, all before real funds are involved.

![](https://storage.googleapis.com/papyrus_images/6efe780df12403fb7787a84f4edc762d45866dfd4663aa6f7ebe4dc1cbfcd915.png)

**20 curated presets, all editable.** We added a preset library: 10 spot and 10 perpetual strategies. Selecting one hydrates the same Studio form as everything else, so every preset is fully editable. Open it, see the logic, change what you want.

![](https://storage.googleapis.com/papyrus_images/fb65e42a119623930260f61863157234a59a2b83493dd9535b5120fbe5665c0b.png)

**A new exchange integration framework.** Building for both centralized and on-chain venues pushed us to a new framework for exchange integration that makes each further exchange and venue easier to add, with private account streams, paper trading support, and appchain-managed leverage changes handled inside it. You'll see the payoff in how fast the next ones land.

**Unified portfolio access.** We introduced a wallet-level live-access grant for connected exchanges, so your portfolio view spans everything you've connected without repeated permission dances.

**Take-profit and stop-loss orders shipped.** Users can now attach TP and SL to positions directly. Nobody runs real size without these, and until this month Nabu didn't have them.

**Automated Pine Script migration.** We built tooling that migrates Pine Script strategies to PSL automatically. There are years of tested public strategies written in Pine Script. This gives Nabu a wide library of them without hand-porting each one.

**The strategy vocabulary got deeper.** Confirmed-bar OHLCV materialization, plus SMA, EMA, RMA, RSI, ATR, stochastic, Bollinger Bands, signed-flow indicators, lagged OHLCV observations, fixed stop and target exits, and three trailing-exit models. Every indicator added is a class of strategies that can now be expressed in PSL.

![](https://storage.googleapis.com/papyrus_images/d4f74f70e3d594005e93980d97536adcaf6055f594edb15333bd4385bee59e35.png)

**What's next**
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**Stability over new venues.** GMX, 1inch and the rest are still coming, and the joint campaigns are ready to fire when they do. But we've decided to shift focus. Adding venues faster than users can reliably use them builds a wide product that works badly. So August goes to the platform itself: more templates, a better Strategy Labs, UI and UX improvements, and the tools traders need before they'll run real size.

**The trading competition kicks off August 24.** Rules, eligible strategies, prizes and leaderboards are built. Seats are limited, so follow us on X to catch the entry window.

July put the full strategy loop in place: describe it, backtest it, paper test it, deploy it, verify it on-chain. August is about making that loop solid enough to invite a much bigger crowd through it.

— Nicky, Evgenii and the Pelagos Team

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*Originally published on [Pelagos](https://paragraph.com/@pelagos/pelagos-monthly-update-july-2026)*