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HIGH Pepe π΅βοΈβ
@yephigh
1 year ago today $high was launched on base mainnet before base went public I try to follow the wise words of our fearless leader @jessepollak, build more and talk less... I have been building and now it's time to talk a little and announce the next stage: utility π§΅
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HIGH Pepe π΅βοΈβ
@yephigh
for the past few months I've been secretly building active market making software for base, and it's already running on high uniswap v2 for testing, it's running a market making strategy which consistently creates volume and operates within a certain range based on volatility, additional strategies are available including avellaneda market making built for dex (this could potentially create an order book), inventory based holdings, and desired price targets this means you can actively create ceilings and floors, target a desired price to buy or sell at, and passively target price swings based on different percentage movements
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HIGH Pepe π΅βοΈβ
@yephigh
in its current state the software is built for larger clients such as institutional investors because it provides a dedicated super fast node per user, this is not scalable and pulling these types of clients will take time... the software is better proven in a retail environment that said, automated trading should be available to everyone and that will be the first iteration I am working on converting to a retail version which can operate at scale (this is not an easy task) and look forward to providing a beta in the near future
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HIGH Pepe π΅βοΈβ
@yephigh
current thoughts are that the high token will act as the necessary holding token to use the software, and the amount held may determine the functionality available to users. for the institutional/pro version a new token may be launched (not sure yet) but this is in the future, and those holding high token would receive a proportionate amount of this new token as well for being part of the retail beta, and feedback from the community is welcome before any decisions are solidified anyway, enough talk, I need to focus on building happy 1 year anniversary to high and an early happy 1 year anniversary to @base
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