Getting Started-Method 1

We’ve covered a decent number of Axo strategies at this point, but how do you set one up and actually use it? The easiest way to get started, and what most people do, is simply copy an existing strategy and fill it out with the parameters that you want. There are two ways to do this, we will cover the first here.

Easy Steps

Navigate to axo.trade, sign in, and under the “More” tab you can click “Algorithms” to see a list of available algorithms to choose from.

If you click the “Market making” (MM) tab it will filter the algorithms to only display those identified as market making strategies. We can see a few familiar strategies that the A.S.S. has covered. Those that are made by the Axo team have their logo in the top right corner. For the moment, these are the only strategies you will see here, unless you have designed and made your own. Let’s hit the “Create strategy” button on the Reference Market Maker (RMM). If you aren’t logged in, this button will say “Connect Wallet” instead.

Your copy of the strategy starts out blank, so start out by giving it a name and description. Next, click the “Select asset” boxes to choose what the “LEFT” and “RIGHT” assets are. Once you select an asset a slider will appear to let you choose the amount of the asset to include in the strategy as a percentage of what is in your wallet. Alternatively, you can also manually input the amount in the box.

Notice that once I selected ADA as my LEFT asset the LeftAmount box gives a hint on the right hand side that this amount is in ADA. After entering both amounts choose the number of credits to supply to the strategy. These credits, in ADA, are a reserve used to cover any Cardano transaction fees, Axo fees, etc. that the strategy may accrue when executing the programmable swaps.

Finishing

Any unused credits are returned whenever you close the strategy, however, if your strategy is too low on credits (typically below 5 credits) your strategy may no long execute swaps, so I typically like to supply more than I think I might need. Many MM strategies don’t require many credits at all, but some more aggressive strategies (that end up as the taker) might use quite a few credits. I’ll give this strategy 20 credits (you can always add more later if needed) and then hit the “Continue adding funds” button. A confirmation popup appears outlining the details of the transaction. Accept this, sign the transaction, and your strategy is deployed!