Tooling
Liquidation Alert Tool
Completed
Funding amount
$50,000.00
Start date
January 2022
Execution
2 months
Team
Description
Grant will be used to build a self-hosted liquidation alerting tool to help traders be alerted of any asset price nearing their margin liquidation levels on a dYdX position. The bot will support alerting across multiple platforms, including Discord, Slack, Telegram. A tutorial will also be released to help onboard new users.
Purpose
This grant will help minimize user liquidations in dYdX and make retail level traders more comfortable with the idea of a potential liquidation by assurance of proper alerting ahead of time. The idea of being liquidated can be daunting for new users, we expect this to help alleviate any fears.
Payment structure
25% upfront / 75% at completion
Impact & Metrics
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