The creation of DeFi services and tools that allow anyone to automate any on-chain action with any on-chain condition is key to making DeFi more scalable and accessible.

Automation changes the rules of the game for DeFi. The ability to configure DeFi platforms to auto-execute certain transactions depending on customizable, pre-set conditions and then letting the technology do the heavy lifting without human intervention makes DeFi more intuitive and broadly appealing. The only way to achieve mainstream DeFi adoption is to offer a wider range of intuitive, customizable trading tools, and that’s exactly what the Autonomy team has done.

DEX Limit & Stop Orders via AutoSwap

AutoSwap is a DeFi tool that allows users to add limit orders and stop losses onto existing DEXs like Uniswap or Trader Joe. By simplifying the process of placing more advanced trades for both profit-seeking opportunities and defensive positioning, AutoSwap is making DeFi more accessible to casual and experienced traders alike.

DeFi has exploded in popularity and complexity over the past year, but most advanced trading features are still only available on centralized exchanges (CEXs) like Binance and Coinbase. This is a serious issue, since the ability to automate limit orders and stop-losses gives traders more control over their investment decisions and added peace of mind – especially during periods of market volatility when effective loss prevention methods like AutoSwap are essential.

DEXs can easily integrate AutoSwap into their platforms to match the functionalities of leading CEXs, and AutoSwap is currently available on most major networks including Ethereum, Polygon, Avalanche, and Solana. By raising the bar on crypto trading optionality, AutoSwap gives crypto traders even more reasons to use DEXs over centralized exchanges and allows DEX developers to focus on other key priorities. Over time, features like this will ensure DEXs will have higher volumes and better payouts, which will provide more opportunities to achieve true financial freedom.

Liquidation Prevention via AutoSafe

The recent meltdown of centralized lending platforms like BlockFi and Celsius has had a cooling effect on the broader crypto market. Contrast that with major DeFi lending protocols such as Aave and Compound which avoided any downtime or withdrawal limitations. That doesn’t mean there aren’t risks involved when using these products, but it certainly highlights the need for fully decentralized lending platforms and protocols to facilitate crypto lending and borrowing since they are fully transparent and the code prevents them from being undercollateralized.

Each time you take out a crypto loan, you have a collateral limit that your asset value must remain above in order to avoid getting liquidated. This is usually denoted by a collateral percentage or LTV value. Volatile market conditions raise the likelihood of unexpected liquidations, and a growing number of DeFi users are looking for ways to prevent losses. Enter AutoSafe.

Simply put, AutoSafe lets you set a custom threshold to auto-liquidate yourself. This tool is designed to let users set a higher threshold above the lending platform’s pre-set liquidation point, which then allows them to liquidate their position without incurring any fees or losses. In other words, AutoSafe makes it safer for DeFi users to take out crypto loans and increases DeFi users’ ability to leverage and borrow more, which in turn drives up the TVL in DeFi protocols. This in turn increases borrowing rates and consequently leads to more profits for lenders, thereby creating a virtuous flywheel reducing friction and protecting users.

Through automation, lenders can begin to experiment with novel loan structures built to accommodate individual borrower preferences; a simple place to start would be lower collateral requirements. An increased sense of security opens the door for experimentation with loans as Web3-native financial instruments. The limit is developer imagination.

Low Risk Liquidity Provision with AutoHedge

In a bull market a rising tide lifts all boats, but in most cases only the truly seaworthy investors are capable of generating value during extended downturns and periods of market volatility. That being said, a new generation of DeFi tools is making it easier for DeFi users to generate gradual, sustainable returns. For instance, you can now use AutoHedge to earn fees with little-to-no risk nor impermanent loss when contributing to a liquidity pool composed of a stablecoin and another crypto asset like ETH (i.e. a stable-volatile LP position). This means if you provide $1,000 in liquidity via AutoHedge, your position will always be equal to $1,000 and you will earn risk-free APY on top of that no matter how the price of the underlying asset changes. This opens the door for a new type of DeFi.

AutoHedge works by using Autonomy’s smart contract automation layer to create delta-neutrality, meaning the value of a user’s crypto position is not affected by shifts in the price of its underlying asset. In other words, this tool is designed for risk-averse investors who want exposure to DeFi markets while avoiding the volatility and unpredictability associated with crypto.

On top of that, AutoHedge will soon grant users the ability to hold hedged LP positions on volatile-volatile crypto asset pairs. These volatile-volatile AutoHedge LP tokens based on assets like ETH-MKR, for example, will essentially behave as decentralized, yield-bearing stablecoins.  The LP tokens can then be used as collateral for another brand new stablecoin – one that is backed by the Uniswap DEX itself, for instance, rather than the Uniswap token. In other words, this theoretical “self-collateralizing stablecoin" would be backed by Uniswap’s trading fees and rise in value as swap volume increases.

This is just one example of how AutoHedge can be used to experiment with new financial instruments for both wealth preservation and value creation. The DeFi instruments of the future will likewise be multifaceted to accommodate a wide range of investment strategies.

DeFi Users Need More Autonomy

In the past, the lack of customizable DeFi automation tools has made it more difficult for investors to trade effectively, manage their risk, and capitalize on existing opportunities within the DeFi space. But Autonomy Network’s growing suite of platform-agnostic tools provide the assurances needed to operate effectively within the DeFi space regardless of macro market conditions, and we’re disrupting the DeFi narrative just when it needs a jolt.

Automation unlocks user-friendly trading strategies and infrastructure-level liquidation protection. Its massive potential for DeFi is only beginning to be realized and Autonomy Network is opening up entirely new frontiers of possibility.

World’s first player vs. blockchain and aNFTs

MetaDungeon is the first NFT-powered game that inverts the classic player versus environment (PvE) genre, and introduces a new concept of player versus blockchain (PvB) – where players are able to engage and fight with Web3 objects, such as NFTs and on-chain characters. This project is the first time a decentralized automation protocol for NFTs and blockchain games has been deployed.

The game integrates multiple automation features to achieve autonomous NFTs (aNFTs), and for the first time, on-chain non-playable characters (NPCs). aNFTs are an iteration of NFTs that have the ability to vote, fund, and even transfer themselves thanks to the automation capabilities of the Autonomy protocol. MetaDungeon is also the first blockchain game that requires players to be collaborative and rely on team mechanics, incorporating other NFT projects which players own as an essential part of gameplay.

"The vast majority of characters in Web2 games like Cyberpunk 2077 or World of Warcraft are NPCs that interact with each other or the player independently,” says James Key, Founder and CEO of Autonomy. “Through the development of aNFTs, it is now possible to build these types of engaging characters and blockchains. This represents a watershed moment for blockchain gaming and metaverses to build the types of games that generations of gamers are familiar with, and vastly expand the variety of games that can be built on blockchains."

How to participate in MetaDungeon

The MetaDungeon game consists of Heroes and Bosses, where all Bosses are aNFTs and each player is a Hero NFT. Heroes team up to fight world Bosses (aNFTs) and score loot worth real money. Players interact with 3 sets of NFTs: Heroes, the players in the game; Bosses, who the Heroes fight; and Gear, the unique items that Bosses drop. Players have the opportunity to earn loot from killing each Boss in the form of NFTs and tokens, which a Boss holds. Holding a Player NFT and defeating a boss is all that’s needed to receive loot.

Players will be able to obtain a Hero NFT via the Genesis Drop, which will happen in three phases.

• Phase one: Sign up for the mintlist form to secure guaranteed access to mint at least one Hero.

• Phase two: Allowlisted communities (who already hold certain yet-to-be-revealed NFTs) will have a chance to mint an NFT during the Hero NFT genesis event, on a first come first serve basis.

• Phase three: There may be a Hero NFT public sale down the line during which anyone will be able to get their hands on the remaining collection of Hero NFTs – if there are any left standing.

What is an aNFT?

aNFTs are non-fungible tokens that can be programmed to create their own transactions, even proactively initiating interactions with other degens and network protocols. In other words, aNFTs can self-execute arbitrary actions under arbitrary conditions – both on-chain and off-chain – depending on how they are programmed.

More specifically, Autonomy Network’s aNFTs can be programmed to:

• Trade/make purchases

• Lend/borrow

• Vote and send messages

• Play with or against you in a game

• Perform off-chain actions based on off-chain events

• Upgrade its own logic

• Evolve and reproduce (by minting more iterative aNFTs)

aNFTs are capable of automatically executing based on multiple conditions, enabling complex, open-ended interactions depending on the use case at hand. There is no upper bound to the number of conditions and actions aNFTs can be programmed with, and this introduction of custom logic to NFTs has the potential to breathe life into a vast spectrum of on-chain environments.

How do aNFTs work?

You can automate the execution of either a single action, such as a DeFi swap, or the repeated behavior of an autonomous NPC (aNPC ). And after an aNFT is set up with a single initial transaction, it is essentially self-contained, independent, and does not rely on humans to do anything. Autonomy’s decentralized, incentivised network of bots ensure that requests will always get executed, thereby enabling autonomous smart contract deployments oraNPC state changes around the clock.

Autonomy Network has already rolled out a suite of DeFi tools like AutoSwap and AutoHedge which allow users to automate a wide range of on-chain actions. Traders sleep better thanks to limit orders on DEXs and defensive auto-liquidations on DeFi lending protocols executed with these tools. aNFTs are an iteration on this style of automation, one that Autonomy Network  has applied to the world of blockchain-based gaming.

Battle the First Generation of aNFTs

aNFTs have the potential to reshape the blockchain gaming space by enabling more dynamic human to blockchain interactions and deeper, more immersive storytelling. To show just some of what aNFTs can do, we’re releasing  the first NFT-powered game that inverts the classic player versus environment (PvE) genre and introduces a new concept of player versus blockchain (PvB). We’re calling it  MetaDungeon. This project is the first time a decentralized automation protocol for NFTs and blockchain games has been deployed, and players will be able to battle and engage with Web3 objects, such as NFTs that are NPCs(non-playable characters).

Each on-chain NPC Boss within MetaDungeon is an aNFT designed to self-transfer in and out of different players’ wallets and drop real loot (in the form of NFTs and other crypto tokens) when defeated.  In this world, heroes can team up to increase their chances of encountering and defeating these Bosses, and split the resulting loot.

MetaDungeon will be launching on August 17, 2022, and players will be able to buy and mint a Hero NFT on August 11. For more details on how to participate in the Hero Genesis Drop and battle the first generation of aNFTs to ever spawn, join the Autonomy Discord.

aNFTs: More Than Just a Game

To date blockchain games have been dressed up yield farms with shallow mechanics — that’s all about to change. NFTs are meant to be so much more than digital collectibles, and Autonomy Network’s aNFTs are capable of automating a near-infinite array of GameFi elements, DeFi protocols, and other decentralized products and services.

We’re excited about MetaDungeon, but this is just a starting point. The real thrill will come from seeing what other game developers and Web3 innovators create using their own custom aNFTs. After all, aNFTs also have a wide range of practical applications beyond the gaming space, and their ability to mutate and self-propagate based on limitless programmable conditions can enable new DeFi, GameFi, and social interactions in which blockchain protocols evolve over time and engage with you before you even ask.

In short, Metadungeon’s aNFTs demonstrate the open-ended technologies that set aNFTs apart from other non-fungible assets, but it only scratches the surface of what's possible with Autonomy.

Learn more about Autonomy’s aNFTs:

• Part 1: The Roadmap

• Part 2: The First Step

• Part 3: NPCs

• Part 4: Evolution

• Part 5: Cyber Life

• Part 6: A Face

• Part 7: Intelligence

To recap, AutoHedge is the way to LP in a downturn with an automatically hedged position that keeps earning APY. For example, LP on an ETH/DAI pool with $100 and if the price of ETH changes, you still have $100 and keep your APY.

But there’s more… There’s so much more we can do with a tool like that. In the near future, we’ll be upgrading AutoHedge’s capabilities to make sure degens get the most of what’s possible with a safe, yield-bearing, delta-neutral position.

Without giving too much away, let’s look at what’s possible for future AutoHedge releases:

• Leverage: We’ve already made it possible for you to hold a yield-bearing LP token that behaves like a stablecoin. Of course, this can be taken a step further. The AH LP token can be used to borrow more assets with the collateral requirements of a stablecoin. Essentially, you could leverage your AH LP positions very safely with up to 10x leverage. If the AH pair has 15% APY, then you could get up to 150% APY while still being immune to the price movements of the market.

• Volatile-volatile pairs: AH LP positions are currently based on stablecoin-volatile pairs, such as BUSD-BNB, USDC-ETH etc.. This will not always be the case, though. The ability to have hedged LP positions on volatile-volatile pairs like ETH-MKR is in the works. Essentially, this would create assets (AH LP tokens) that behave as decentralized, yield-bearing stablecoins made out of volatile assets.  The AH LP tokens for volatile-volatile pairs can then be used as collateral for a brand new stablecoin - one that is backed by the Uniswap DEX itself, not the Uniswap token, where trading fees mean that the collateral backing the stablecoin only ever goes up in value. This would be the first ever self-collateralizing stablecoin. No Terra ponzinomics necessary!

• createPair: AutoHedge went live with the AutoHedge-BUSD-WBNB and we’re definitely adding more pairs over time. What’s even more interesting, however, is that there is a factory contract that contains a createPair function available to developers looking to add their own pairs. It’s similar to how adding new pairs on Uniswap V2 works, with some caveats that will be addressed in future upgrades. This feature will also support volatile-volatile pairs in the future.

Stay tuned for upcoming updates on these features by following Autonomy Network on Twitter. In the meantime, be sure to refer your more conservative degen frens to AutoHedge and earn a 0.3% fee on each deposit made through your link.

We’d like to introduce a new tool that goes beyond degens and gamers and helps more conservative participants in the Web3 economy. AutoHedge is a decentralized application for liquidity providers who look to maximize their profit potential while effectively hedging against volatility in a seamless, easy-to-use way. It leverages the Autonomy protocol to create positions that are delta-neutral.

For example you can LP on the ETH-DAI pair on Uniswap with $100, and no matter what happens to the price of ETH, your position’s value will never go above or below $100. More so, over time you’ll accumulate the trading fees on top.

The Problem

For existing LPers, LPing in a bull market is fine because, even with impermanent loss (IL), their position still grows in value even without the trading fees. But in a bear market, the loss in value of the position from price decreases of the tokens could be more than the fees, and therefore they lose money overall.

Institutional investors sit on large pools of idle funds that could be put to work in the DeFi markets and provide game-changing amounts of liquidity, but regulations and internal policies don’t allow them to be exposed to the price volatility risk that's inherent to holding volatile assets like ETH. Since most DEX volume is not in stablecoin-stablecoin pairs, that means they’re missing out on most of the profit and better yield opportunities that exist. Likewise, the markets are missing out on more liquidity.

The Solution

A way to provide the security that more risk-averse investors seek to participate in the DeFi markets is to design a mechanism that creates delta-neutrality. In simple terms, an investment strategy is delta neutral when the dollar value of the position doesn’t change over time.

While this has been impossible to achieve in DeFi, Autonomy’s smart contract automation layer is able to support such a mechanism. This means that even positions taken on volatile assets would always retain their same dollar value and accrue trading fees on top over time.

How AutoHedge Works

All this can happen with one click using AutoHedge. Assume you want to participate in an ETH-DAI liquidity pool on Uniswap with $8,000 in DAI. 4,000 would be swapped to ETH at a price of $2,000 for a total of 2 ETH and 4,000 DAI.

1. AutoHedge would take those 4,000 DAI and 2 ETH and deposit them into Uniswap’s liquidity pool.

2. All of the LP tokens it receives back, worth $8,000, would be used as collateral to borrow an amount of ETH equal to the ETH that’s deposited in the liquidity pool (2 ETH). Since this collateral is being lent out, you’d be receiving a return on it.

3. That amount of 2 ETH would be sold for a stablecoin like DAI, essentially shorting ETH. This means you're now fully hedged against ETH’s price volatility and can even get an additional revenue stream from lending out that DAI again. However, the issue at this point is that the amount of ETH that you can claim back by redeeming the LP token changes as the price of ETH changes and people add or remove ETH from the pool by trading in it.

4. This is where AutoHedge’s automation capabilities come in: we then need to regularly update the debt position to reflect the amount of ETH we have represented by the DEX’s LP token. Thanks to Autonomy Network, AutoHedge is able to automatically keep the debt in sync with the amount of ETH in the pool. It borrows or pays back some ETH depending on how the balance of the Uniswap pool is changing. It does this every time the debt and the ETH amounts have a difference of 1%.

5. In this way, AutoHedge is able to offer a meta-LP token, known as AH LP (AutoHedge LP), that wraps the DEXs LP token and the debt. This token represents a delta-neutral position that also receives LP yields.

A Solution for Delta Neutrality and Impermanent Loss

The AH LP token has some interesting properties:

• It would be essentially zero risk (no risk of liquidation when borrowing) because it's always backed by 2x the value of the debt, since there is an equal dollar value of stable coins and the other asset in the LP token.

• If the price of ETH goes to zero, the collateral ratio is still 100%, and the user makes as much from shorting ETH as they lost from the ETH they held in the Uniswap LP.

• If the price of ETH goes up, then the value in both the LP token and the debt would increase accordingly, canceling each other out. In this way, the position is still fully collateralized.

• On the other hand, the investment would always accrue value because it's generating trading fees despite not being exposed to the underlying price volatility.

• Another interesting result to note is that AH LP token would make impermanent loss irrelevant, and therefore represents the first ever true prevention solution to impermanent loss.

• Finally, given that the AH LP token has essentially zero-risk as explained above, it has the property of a low collateral ratio which would mean that you could borrow against it for more AH LP tokens to generate more fees. Basically, you can leverage this yield bearing stablecoin. For example if you’re able to borrow $90 with $100 of AH LP tokens, then with $10 of initial capital you can leverage LP with $100 of capital, essentially 10x’ing the APY.

Altogether, this provides all the risk mitigation of a delta-neutral investment strategy while participating in the opportunities of the DeFi markets without the common threats associated with them. The possibilities created by AutoHedge can even solve overall market problems like riskless liquidity provision for new and illiquid assets.

Try AutoHedge for yourself!

Orca has maintained $234 million in TVL and a daily trading volume of $42 million on over 130 trading pairs despite overall market conditions. On its Whirlpools, LPs can concentrate their liquidity in specific price ranges allowing the DEX to offer higher yields. Other Orca features include reduced slippage for stable pairs and minimal transaction fees and latency.

Degens on Solana can now use AutoSwap to set up limit orders and stop losses on the popular DEX. To start swapping Solana tokens at a predetermined price on Orca:

1. Connect your Solana-enabled wallet to AutoSwap.

2. Choose Orca as your DEX of choice.

3. Swap, place a limit order or a stop loss. (Check out our guide on how to do this.)

4. Sleep tight, Solana degens.

For more information, you can also check out our video tutorial  on how to use AutoSwap to set up your first automated transactions.

How it Works

First things first, let’s review how DeFi borrowing markets work. When you take out a crypto loan, you have a collateral limit that your collateral cannot fall below, otherwise you get liquidated. This is usually denoted by a collateral percentage. Some DEXes like Sushi, however, use an LTV (loan to value) of 75%. This means that for every $1 of collateral, you can only borrow up to $0.75.

For example, if you have $2,000 dollars of Ethereum and you put it up as collateral to borrow DAI, you will only be able to borrow a maximum of $2,000 x 0.75 = $1,500 on Sushi. If either the value of the borrowed asset goes up, or the value of the collateral goes down, you will get liquidated.

You might ask: In that case, how do the Autonomy bots move faster than the liquidation bots? It’s not that the bots move faster, it is the fact that with Autonomy, you’re able to set a custom threshold to liquidate yourself. At the point of 70% LTV, for example, the liquidators cannot liquidate you as the threshold is 75%. You however, can liquidate yourself using Autonomy.

When the self-liquidation occurs, the contract takes out a flash loan (1000 DAI), pays back the loan, gets the collateral (ETH), swaps the majority of the collateral into DAI, pays back the flash loan, and the remaining amount of ETH is sent back to the user, along with the 1000 DAI.

AutoSafe on Kashi

As you may know by now, there’s a proposal underway that would let degens on the Kashi lending platform sleep tight by integrating with AutoSafe. Kashi is SushiSwap’s lending and margin trading platform.

With $2.05 billion in TVL despite current market conditions, SushiSwap currently holds one of the top spots for decentralized trading platforms across 14 different chains. Its popularity has only extended further with the introduction of BentoBox and apps like Kashi and Onsen. There are over 150,000 Sushi holders and 25,000 active community members on Discord.

An integration with AutoSafe makes these users feel safer about taking out loans and, ultimately, increases the amount of TVL that is entrusted to Kashi, SushiSwap, and any other DeFi platforms. When degens realize they're never going to pay a fee for liquidation, they'll be willing to borrow more, which means borrowing rates are higher, which means lenders make more money, which attracts more lenders and therefore TVL into Kashi, which means more fees in general. This is how AutoSafe changes the game while letting degens sleep tight and forget about liquidations.

Go vote to get AutoSafe on Kashi!

Thanks to Solana’s scalability, Raydium is able to offer light-speed swaps, yield farms, and liquidity pools. A new set of DeFi features are also available to its users via AutoSwap. Degens on Solana can now use the tool to set up limit orders and stop losses on the popular DEX.

To start swapping Solana tokens at a predetermined price:

1. Connect your Solana-enabled wallet to AutoSwap.

2. Choose Raydium as your DEX of choice.

3. Swap, place a limit order or a stop loss. (Check out our guide on how to do this.)

4. Sleep tight, Solana degens.

For more information, you can also check out our video tutorial  on how to use AutoSwap to set up your first transactions. These kinds of transactions on DEXes are only possible because they make special use of the Autonomy Network’s capabilities for automation.

As you may have noticed by now, we’ve been hard at work to change this with an on-chain automation protocol that can take DeFi dapps and platforms to their next level of functionality. The Autonomy Network can be used for the implementation of new features, in and outside of DeFi, that are only limited to developer imagination. We’ve built a few examples of what’s possible.

Limit Orders and Stop Losses

First, if you go to autoswap.trade you’ll find a tool that lets you do two simple but important operations that change the game for DeFi traders. Limit orders and stop losses have long been the missing serum for degens’ sleeping habits.

Thanks to AutoSwap, these features are now available on top exchanges like BSC’s ApeSwap and Avalanche’s Trader Joe with more integrations coming soon 😉... Some of these protocols have even implemented these automation features directly, enabling degens to sleep tight with CEX-level features on their favorite DEXes.

Automatic Self-Liquidations

Another DeFi feature that’ll help degens keep their hard-earned tokens is automatic self-liquiditations. Essentially, this allows users on a DeFi lending platform to determine at what price they would want to liquidate their position without any liquidation fee from a bot.

For more information on this see our proposal to the Kashi governance forum. Kashi is Sushi’s lending and margin trading platform. A feature like this would make users feel safer about taking out loans and, ultimately, increase the amount of TVL that is entrusted to this and any other DeFi platforms.

With automation, paired with the scalability that keeps coming to the DeFi space in general, these functionalities might unlock a flippening in CEX and DEX volumes by the time of the next DeFi boom. Help us build this out and watch out for more DeFi tools coming soon!

Stay in the loop with Autonomy by joining our Discord community or following us on Twitter.

Limit orders and stop losses are fairly popular on centralized exchanges but the Web3 space has evolved far beyond the ICO boom of 2017. All the action is happening on DeFi protocols. To take place on DEXes, however, these features would have to be implemented on-chain…

The good news is that this is now possible! AutoSwap is the new sleeping pill prescribed to all DeFi degens 💊. Powered by Autonomy’s capability to automate smart contract transactions according to pre-set conditions, the dapp is able to set limit orders and stop losses for transactions taking place on DEXes.

How to Use AutoSwap and Sleep Tight

The first thing to do when using AutoSwap for anything is to click on Connect Wallet on the dapp and approve the connection on your chosen browser extension. Then, swapping is just like using any other DEX. The dapp just automatically routes your transaction to your chosen exchange.

Limit Orders

Limit orders allow you to buy a token at a specific price. Your order will not complete unless the condition for the price is met. To place a limit order:

1. First, choose from a drop-down list of the tokens you are able to trade from.

2. Under Rate you can specify at what rate you want to buy specific tokens. It is important to note it isn't the price that’s used but the rate. The rate is the amount of output token divided by input token.

3. Click on Place Order and approve the transaction. The amount of tokens on the bottom panel is the amount of tokens you will receive.

4. On the very bottom, you’ll see three different order statuses: Open, Canceled, and Executed. This will display your order status, and every time you connect your wallet, the status should be updated.

Stop Losses

You can use this feature to sell your token at a certain price. The steps are similar to those for a limit order, except it is important to keep in mind that we are executing a sale. To place a stop loss:

1. Again, pick a desired token pair.

2. Set the rate at which you want to sell these tokens.

3. Click on Stop Loss, then Confirm Stop Loss, and approve the transaction.

4. You can see the stop loss status by clicking on the Open button or you can find executed orders by clicking on the Executed button.

You can also watch this quick tutorial to follow step by step and learn how to use AutoSwap and even delve into its advanced settings.

Currently, AutoSwap is available for ApeSwap and PancakeSwap users on Binance Smart Chain or Trader Joe on Avalanche. We will be expanding into other chains and DEXes soon. So sleep tight, degen 🛌. We’ve got this.

The ApeSwap team announced that you can now buy or sell crypto at the pre-set price of your choosing directly on their platform. While this was previously possible on AutoSwap, the new UI enables you to place orders directly from the exchange as well. This makes ApeSwap one of the most innovative DEXes at the moment with a feature that was only available on centralized trading platforms.

To start playing around with it and swap BANANAs for BNBs at a predetermined price:

1. Go straight to the new Orders tab on Apeswap.

2. Connect your wallet.

3. Choose the tokens you’d like to swap. Orders are available for all the tokens listed in the exchange.

4. Set the desired price at which you wish to complete the transaction.

5. Sleep tight, degen, Autonomy and Apeswap got this. Your orders will be listed below as open, closed, or canceled depending on their status.

Powered by Autonomy, limit orders on DEXes are only possible because they make special use of the network’s capabilities for automation. At the core of ApeSwap’s new feature you’ll find the same mechanisms for conditional transactions that we offer for users on AutoSwap.

To get more familiar with how to use a tool like this for limit orders and other transactions, be sure to watch this quick tutorial.

Omens and rumors of the dragon’s imminent apparitions continue to spread. Once his egg hatches there will be no turning back. The specter of Etheron will haunt the addresses of Heroes all over the Web3 world. He will appear unexpectedly and challenge them in a battle for their prized possessions. On occasion, he will be enticed by the sight of certain NFTs. If he wins, they will lose everything they’ve put on the line.

How to Summon Etheron

By default, Etheron will appear everyday in a randomly chosen Hero’s address. If a Hero team has joined forces, however, they will be able to summon him through the MetaDungeon once they are ready to fight.

To summon with a team:

1. Click Summon with Team on the MetaDungeon dapp. A list of addresses that are in your team will be shown, along with their Twitter usernames if they have verified themselves.

   Note: Optionally, verify yourself so it's easier for your teammates to contact you.

2. Select which teammates you'd like to team up with. You only need to team up with 1 other player for this round of the MetaDungeon.

3. Select any power ups you’d like to use for the fight.

4. Put in the shared Summoning Spell that you'll use. Please note that both team members need to use the same summoning spell in order for their team summons to work.

To summon with an NFT:

1. First, check to see if Etheron has already chosen your address for his appearance of the day.

2. If not, click on the Summon with NFT option on the MetaDungeon website. This option will let you choose from the NFTs you hold and offer one as a bait for the dragon.

3. Select any power ups you’d like to use for the fight.

4. Once the summoning NFT and power ups are selected, you will need to approve a transaction that will allow Etheron to collect your staked items if he wins.

5. Finally, after your NFT has been offered you will have the chance to fight Etheron.

How to Fight Etheron

Once you’ve summoned the dragon, get ready to slay or be slayed! You and your teammate will have a chance at beating Etheron and receive the loot he has been guarding, which consists of the tokens and NFTs he has taken away from other Heroes of the MetaDungeon. The legend has it that he also holds The Sword of a Thousand Degens, a unique NFT that will help you in your future adventures in the MetaDungeon.

To attack:

1. Fighting has been included in the summoning transaction as a way to save gas.

2. Await the outcome of the batte.

   Note: NFTs used as power ups will improve your odds of a favorable result.

3. Collect loot if you win.

Introducing Autonomous NFTs

Autonomous NFTs are the second new feature brought by MetaDungeon thanks to its use of Autonomy Network’s capabilities for smart contract transaction automation. These tokens are able to act in pre-programmed ways that can simulate a sentient being on the blockchain, similar to how NPCs act in traditional games. aNFTs can send messages, execute other transactions, and transfer themselves, all on their own.

Etheron is the first aNPC monster in a series of challenging successors who will come to roam the MetaDungeon in the future.

PvB, aNFTs, aNPCs, and a number of other new Web3 features are possible thanks to Autonomy’s new technology for automating smart contract transactions.

How to Become a Hero of the MetaDungeon

The first thing you should do if you’d like to take your chances against Etheron is sign up for the mintlist before it closes! It only takes one minute.

On Mint Day, you’ll be able to choose from a variety of Heroes you can recruit.

By Race:

• Humans

• Elves

• Orcs

• Dwarves

By Class

• Warrior

• Mage

• Hunter

• Paladin

How to Use Your Hero

1. Once you own a Hero NFT you’ll be able to enter the MetaDungeon by visiting the website.

2. Team up with fellow Heroes through Discord or by selecting from a pool of addresses on the MetaDungeon website. You and your teammates will have the option to self-identify and coordinate via Twitter.

3. While the dragon will be transferring himself to random Hero-holding wallets, you’ll be able to use an NFT as bait and summon him for a fight if he hasn’t transferred himself to your own wallet most recently.

4. You’ll also be able to get power-ups by holding NFTs from selected projects in your wallet. These will improve your odds of beating Etheron.

Introducing Player vs. Blockchain

Minting Heroes is the first step in experiencing Player vs. Blockchain (PvB), a new collaborative game genre introduced with MetaDungeon. PvB is a Web3-native take on classic Player vs. Environment (PvE) games where players band together to fight a non-playable character (NPC).

MetaDungeon has turned the blockchain into a playable environment where NFTs take on a life of their own. Among many things, these autonomous NFTs (aNFTs) can take the form of monsters like Etheron, the first automated NPC (aNPC) boss.

Get more information on how to summon, fight, and slay Etheron once he hatches out of his bear-market-hardened egg.

PvB, aNFTs, aNPCs, and a number of other new Web3 features are possible thanks to Autonomy’s new technology for automating smart contract transactions.

An ancient dragon has come to life as an NFT. Hatched by the warm frenzy of speculation, Etheron 🐲 has left his nest to roam the depths of the Ethereum Virtual Machine like an automated beast that swallows prized possessions from the addresses of his foes.

It is rumored that unsuspecting degens who run into him become obsessed with the fire-proof treasures that the dragon guards in his stomach. None have come across a way to slay him by themselves and reclaim The Sword of a Thousand Degens.

Every time Etheron appears, his victims fall prey to a spell of selfish greed and double-cross their fellow bagholders and DAOnizens. They seem unable to band together in order to defeat the beast. After their defeat, he continues randomly onto his next booty.

This might be a challenge for a team of heroes who have seen through Etheron’s spell of disunity. They may even find a way to lure it with the sacrifice of rare NFTs. Once summoned, they’ll be able to ambush the beast and try to stop its infinite loop with the help of certain power-ups…

Will their strategy work?

Join the quest to find out. Sign up for the MetaDungeon mintlist to hire your hero soon. On Mint Day, hundreds of brave holders will form teams of two in their struggle to stop Etheron and reclaim the swallowed treasures. These include:

• Varying rarities of Gear 🛡

• Etheron’s stolen tokens and NFTs 💰

• The Sword of a Thousand Degens 🗡

Find out how to mint your heroes and how to summon and fight the dragon once the egg hatches 🥚.

*MetaDungeon is the first Player versus Blockchain (PvB) game, developed by Autonomy and powered by its automation protocol for conditional smart contract transactions. This twist on the PvE gameplay requires real-time coordination between token holders across different communities to defeat the world’s first Automated NFT (aNFT) boss. Etheron and future MetaDungeon monsters are part of what’s possible with Autonomy’s aNFTs who have a life of their own.

This program is open to anyone who believes that users should be able to manage their risk tolerance in DeFi applications, create automated NFTs that have a life of their own, or receive recurring payments automatically for their contributions to DAOs. Autonomy is a decentralized automation protocol that lets users across different EVM-compatible chains program future transactions in a decentralized way.

Objectives

The Autonomy Ambassador Program will aim to:

• Grow Autonomy’s community on Twitter, Telegram, and Discord

• Drive meaningful engagement on these social media channels

• Assist with the community task board

• Show developers the new possibilities of building on the Autonomy Network

• Identify synergistic partnerships for Autonomy

What Ambassadors Do

Ambassadors work regionally to foster growth within our communities. They can directly contribute to the success of the network in both technical and non-technical ways, including:

• Organizing, hosting, and leading events locally and globally for Autonomy

• Producing graphics and videos to help amplify the message and positioning

• Creating more awareness about Autonomy through tweets, reddit posts, infographics, memes or any other possible way

• Educating and answering queries of new community members eager to learn our protocol, in a patient and resourceful manner

• Provide local insights – Actively listen to the community and collect feedback to help us better understand the needs of local users

• Community task board completion and facilitation

Community Ambassadors  will also politely and patiently assist fellow community members with questions and concerns relevant to Autonomy and provide input from the community to enhance our understanding of stakeholders’ concerns.

Remaining in regular contact with the Autonomy Team, Ambassadors will gain high levels of knowledge necessary to guide others, inform of updates and bugs, and learn to distinguish good faith communicators from disruptors.

Who Can Become an Ambassador?

An ideal candidate would have:

• Experience in community management

• A knack for connecting with people from all walks of life

• Solid knowledge about blockchain

• Active experience in the crypto communities

• A passion for open source development

You may already be a:

• Existing community leader

• Content creator or marketer

• Expert in the crypto and tech industry

• Student researching the Web3 space

• Social media influencer

Autonomy values diversity, so our ambassadors will come from multiple backgrounds and disciplines; ranging from business and investment to finance and technology. Ambassadors from different professions will amplify our reach in numerous communities.

Autonomy Ambassador Benefits

As an Ambassador, the more passionate you are about Autonomy and the more you contribute, the greater rewards and recognition you will get. We recognize that Ambassadors play a critical role in the adoption of Autonomy and its use across different platforms.

Here is a list of perks and goodies of becoming an Ambassador:

• Access to a private Discord channel

• Regular calls with the Autonomy team

• Incentive rewards

• Exclusive early access to Autonomy’s latest news and updates

As I’m sure you’ve guessed, Autonomy Network is the answer 😉.

The protocol lets you stop loss out of being an LP to avoid impermanent loss, move your liquidity to a better yield farm as soon as yield rates change, all while being offline or asleep. It even enables objects like NFTs to take a life of their own and transfer themselves around Web3, send messages, and make conditional transactions.

Let’s take a look at how we’re making this possible.

The Logic Flow

Autonomy itself is essentially an on-chain registry that:

1. Allows people to register Requests for things they want to happen in the future

2. Is monitored by a decentralized network of bots waiting to execute Requests when their corresponding conditions become true

3. Organizes the network of bots with a Proof of Stake algorithm that determines which bot is able to execute Requests at a given time

That’s a little abstract, so here’s the logic flow for an example limit order on Uniswap using Autonomy. Say that you want to buy ETH with DAI at $420.69:

Logic flow for single Request

The logic is split into 1. and 2. — each number represents a separate transaction. 2a. and 2b. occur in the same transaction together

1. The user registers a Request that says “I want to swap DAI to ETH on Uniswap, if and only if, the price of ETH is less than or equal to $420.69, here are all the details someone needs to do that for me”

*The price of ETH goes below $420.69*

2a. The bot who is authorized to execute Requests at that time is monitoring all pending Requests and sees that the above trade can occur. The bot executes the trade by calling Autonomy’s Registry

2b. The DAI is transferred from the user to the Uniswap contract

2c. The trade occurs and the ETH is sent to the user

2a. 2b. and 2c. all happen in the same transaction, and is made by an executing bot. 1. is the only transaction that the user makes directly. If the price of ETH had never gone below $420.69, then 2. would never have happened (even if someone had tried to execute it, it would be guaranteed to revert).

The System

There are 2 main smart contracts that make up Autonomy — the Registry and the StakeManager.

The Registry is directly involved in the above example, because when a user makes a new Request, they register that in the Registry. When a Request is executed, the executor calls the Registry to execute it.

The StakeManager is indirectly involved in the above example because every time someone attempts to execute a Request via the Registry, the Registry checks with the StakeManager who, at that current time, is allowed to execute Requests. The StakeManager uses a lightweight Proof of Stake algorithm to determine who can execute Requests at a given time. It’s similar to other PoS systems, where a single staker is chosen from a pool proportional to the amount of AUTO they staked, except instead of being able to mine a block, they have the exclusive right to execute Requests for a 100 block period.

Tokenomics

Autonomy is an incentivized network, from the bots to the token, AUTO.

Paying for execution

For instance, in the example above with a simple limit order, there are 2 transactions: tx1 (registration of the Request) and tx2 (execution of the Request). The user directly sends and pays for tx1, and the executing bot directly sends and pays for tx2. Obviously, the bot doesn’t do this for free — when a Request is executed, the user has to pay for the execution of that Request plus a small fee. The total cost of tx2 is therefore the gas cost of tx2 + fee. This fee depends on whether you pay with ETH or AUTO. If paying with ETH, the fee is an extra 30% of the execution cost of tx2. If paying with AUTO, the fee is an extra 10% of the execution cost of tx2.

If paying in ETH, enough ETH to pay for the total cost of tx2 needs to get sent along with tx1 (so that the user only has to make a single transaction directly in total). The transaction cost of tx2 depends on the gas cost and the gas price. The gas cost can be estimated, but the gas price is hard to predict since it’s in the future, and gas prices on Ethereum are notorious for being volatile and unpredictable. Therefore enough ETH needs to be sent in tx1 to pay for the worst-acceptable-case for the total cost of tx2. If the actual total cost of tx2 is less than this worst-possible-case, then any excess ETH is sent back to the user. For example if the user sent 0.01 ETH in tx1 to pay for tx2, and tx2 cost the executing bot 0.002 ETH in regular Ethereum transaction fees, then 0.002 * 1.3 = 0.0026 ETH would be sent to the bot in tx2, and the remaining 0.01-0.0026 = 0.0074 ETH would be sent back to the user in tx2. In reality, the UI of the integrating dapp would abstract away all this information.

If paying in AUTO, nothing needs to be paid upfront. This is because AUTO tokens can be transferred from the user to the Registry during tx2 to pay for its execution. This allows users to be able to keep their funds in their account and only pay for Requests that are actually executed. It also allows for tx2 to be paid for without the user ever having to manually buy AUTO, because the trading contract that’s used can buy AUTO on behalf of the user to pay for tx2 within tx2 itself. For example if the user is doing a limit order, then the trading contract can take some of the output tokens and sell them for AUTO in order to pay for the execution of the trade.

AUTO

The AUTO token isn’t a “gOveRNanCe tOKeN” that has no actual use case. AUTO is a utility token that is used to stake on the network and pay for executions of Requests. From the moment that the token is live, it’ll be able to be used for both those things. In the future, it will also be able to be used for governance. Therefore, there are 2 inherent sources of economic demand for AUTO:

• getting cheaper fees as a user

• staking and therefore the ability to collect fees by executing requests

Starting to make sense?

Awesome!

So what else can we do with this? How can we make a contract come alive?

Recursive Requests

Consider a situation where you want to automate multiple actions with different conditions, or you want to make a contract able to make transactions on its own an unlimited amount of times. For example, say you want to create a contract that mints an NFT and sends it to you on your birthday every year that contains your name, the year, and a “Happy birthday!” message. Or you want to create a contract that holds some assets and lends them out to a lending platform, and withdraws and deposits those assets on a different platform once the yield becomes better elsewhere, and to have that happen continuously. All with only a single initiating transaction from the user.

In the latter example of automatically moving funds of a treasury between lending platforms based on changing yields, let’s assume the funds are currently on Compound, and they would move to AAVE when AAVE has a better yield:

Logic flow for recursive Request

1. The user registers a Request that says “IF the best platform to lend at changes, move my assets from where they are to the new best platform, AND THEN create a new Request that does the same thing”

*The yield of AAVE becomes better than Compound*

2a. The bot who is authorized to execute Requests at that time is monitoring all pending Requests and sees that the above Request can be executed. The bot executes the trade by calling Autonomy’s Registry, moving the funds from Compound to AAVE

2b. A new Request is registered in Autonomy’s Registry that says “IF the best platform to lend at changes, move my assets from where they are to the new best platform, AND THEN create a new Request that does the same thing”

*The yield of AAVE becomes better than Compound*

3a. The bot who is authorized to execute Requests at that time is monitoring all pending Requests and sees that the above Request can be executed. The bot executes the trade by calling Autonomy’s Registry, moving the funds from AAVE to Compound

3b. A new Request is registered in Autonomy’s Registry that says “IF the best platform to lend at changes, move my assets from where they are to the new best platform, AND THEN create a new Request that does the same thing”

… [this keeps occurring and the funds keep moving many times]…

101a. The bot who is authorized to execute Requests at that time is monitoring all pending Requests and sees that the above Request can be executed. The bot executes the trade by calling Autonomy’s Registry, moving the funds from AAVE to Compound

101b. A new Request is registered in Autonomy’s Registry that says “IF the best platform to lend at changes, move my assets from where they are to the new best platform, AND THEN create a new Request that does the same thing”

I think you get the idea. There’s no limit to how many times this can happen, as long as the user sent enough ETH or AUTO (which users get a discount on fees with 😉) to fuel all the future transactions, since the executing bot needs to be repaid for the gas they spend + a small fee. The fee is an extra 30% if paying in ETH and an extra 10% if paying in AUTO. Paying in AUTO also has the added benefit of not needing to be pre-sent, because the Autonomy Registry can transfer tokens on behalf of a user, but ETH doesn’t have a transferFrom function sadly. Paying in AUTO therefore allows you to keep your AUTO in your user account and only have it spent when a Request is actually executed.

In this way, after only a single transaction to initiate things by a human, a contract can make new Requests for itself at the end of old Requests with arbitrary conditions ad infinitum.

A contract can make transactions on its own*.*

A contract can make decisions about its future*.*

A contract can become alive.

In principle, because it can act independently, there’s now nothing technical stopping a smart contract from having legal rights, legally owning property, or becoming a citizen in its own right with its own identity. In the (distant) future when AI can be run directly on a blockchain, it opens up the slightly scary/dystopian possibility for an AI to run rampant because it doesn’t need humans to power itself, it can fuel its future transactions by trading or arbitraging on-chain, and can never be turned off because it’s on a blockchain… Hopefully our future AI overlords remember who helped give them autonomy 😬

This is an incredibly powerful new piece of infrastructure for the blockchain world. Autonomy is a new money lego piece to build things with that were never possible before. It grows the pie. It enables web3 to have the same or better features that mainstream users expect and is therefore critical to bringing blockchain to the mainstream while retaining all the fundamental values of crypto like full decentralization.

Join the community!

Go to autonomynetwork.io to learn more. Join our community on Discord and Telegram, and follow us on Twitter to stay up to date. See you there! 😁