goodcryptoX introduces onchain DCA trading to DEXs with a new automated trading bot, bringing advanced CEX-like strategies to DeFi without compromising security.
Decentralized exchanges (DEXs) with automated market makers (AMMs) have historically provided just one core feature: coin swaps. As a result of the necessity to sign each transaction individually, these DEXs operated much like currency exchange kiosks, offering very limited functionality beyond simple token exchanges.
The need for more complex features became apparent over time, fueling the rise of order books — live lists of buy and sell offers — on DEXs as well as trading bots, which are software that executes trades automatically on behalf of users. While the high demand for such functionality confirmed the appetite, many of these solutions were highly centralized, contradicting the permissionless nature and self-custody principles of DEXs.
ERC-4337, an Ethereum standard that simplifies wallet management and enables the use of session keys, emerged as a solution that gives room for limited access without handing down control in decentralized platforms. With the integration of this standard, DEX users gained flexibility in trading while staying true to the core ideals of decentralized finance (DeFi).
Automating DeFi without sacrificing control
DEX trading platform goodcryptoX uses ERC-4337’s account abstraction to introduce a non-custodial DEX trading bot with advanced tools for AMM platforms. Rather than relinquishing control, users rely on secure smart contract wallets —protected by multiparty computation (MPC)— to keep custody of their assets while delegating specific trading actions to goodcryptoX.
Source: goodcryptoX
The new bot can execute a wide array of orders and strategies, including limit and trailing orders, market screening with automated buying and even dollar-cost averaging (DCA).
Traditional DCA bots follow a basic investment model, purchasing assets in portions at fixed time intervals with little room for customization. In contrast, goodcryptoX’s DCA bot operates as a fully autonomous trading tool, adjusting positions based on price movements, customizing order sizes and executing trades in cycles.
Onchain DCA trading
Onchain DCA bot is a standout feature of goodcryptoX. The non-custodial tool automates advanced strategies that were once reserved for centralized exchanges. Users can initiate a trade, and the bot automatically places additional orders if the price moves in the opposite direction.
This strategy effectively lowers the average cost basis. Throughout the process, the bot dynamically adjusts take-profit and stop-loss levels and can halt or restart once those targets are reached.
Most DCA bots offer only a simple way to average into a position, but goodcryptoX takes it further with extensive customization options, including Price Step, Order Size Multiple, Trailing Stop as Take Profit, and Sequence Repetition. This added flexibility allows traders to fine-tune their approach, managing risk with precision.
Source: goodcryptoX
The bot’s design enables multiple strategies and uses. A “safety net strategy” gradually accumulates more tokens at lower prices, while “volatility scalper” setups chase recurring profits across wide price swings.
“Scale order” configurations help divide large entries into smaller increments, and “multiple take-profits” lets traders lock in gains at different levels without constant supervision. The DCA bot supports “buy the dip” (BTFD) scenarios for those looking to accumulate top coins during dips.
In addition, users can configure their bot to continuously repeat the sequence of position accumulation and profit realization, ensuring they capitalize on market fluctuations without manual intervention.
Solana support on the way
goodcryptoX is the rebranded successor of GoodCrypto, a trading terminal and portfolio management app launched back in 2019. After amassing over 200,000 registered users, facilitating $5 billion in trading volume and taking its supported CEX count to 35, the Cointelegraph Accelerator project turned its focus to providing advanced DEX trading tools.
Explaining the road ahead for goodcryptoX, founder Maksim Hramadtsou said:
“Our mission is to empower decentralized exchanges to not only compete with but ultimately surpass centralized platforms by delivering superior trading functionality and an exceptional user experience on any blockchain.”
Over the next few months, goodcryptoX plans to add Solana support and enrich the offered automated strategies with grid bots, sniper and portfolio rebalancers. The DEX will also launch a native token, GOOD, through presale and airdrop.
Available on the web, Android and iOS, goodcryptoX strives to streamline DEX trading while maintaining core DeFi principles. By bridging the gap between convenience and security, platforms like goodcryptoX point toward a future where decentralized trading evolves into a truly accessible and feature-rich alternative to traditional finance.
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