Orderly Network launches a new bounty program 
Cryptocurrency Sep 17, 2024 Share
Orderly Network, the Web3 liquidity platform, has unveiled a new bounty program in partnership with Google Cloud and Empyreal, as disclosed to Finbold on Tuesday, September 17.
Envisioned as an aid for developers, the initiative offers rewards for creating artificial intelligence (AI) agents that can autonomously trade on Orderly’s platform.
Orderly Network’s bounty program campaign
This campaign seeks to help merge the capabilities of AI and decentralized finance (DeFi).
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As such, it supports Orderly’s broader vision of establishing the first on-chain derivatives platform powered by AI agents.
Independent developers are encouraged to craft these agents and leverage new AI and Web3 technologies to automate trading.
Details of the program will be shared at TOKEN2049 in Singapore on September 18–19, with the official launch following immediately.
Over the course of several weeks, the campaign will reward developers who design and deploy AI agents on Orderly.
Participants will be judged based on profitability potential and innovative prediction.
Those who excel in both categories will be eligible for multiple prizes.
Catering to all investors with new AI agents
Initially, the new AI agents are expected to cater to seasoned traders and developers working on advanced trading applications.
Eventually, Orderly plans to add support for agents suitable for intermediate traders as well, even those without coding skills.
Orderly Network’s partnership with Google Cloud will help its efforts to create accessible developer tools and reduce DeFi entry barriers.
The bounty program is a natural extension of this collaboration, combining Google‘s expertise in AI and Web3 with Empyreal’s software development kit (SDK).
Arjun Arora, COO of Orderly Network, expressed belief in the future of the project, stating;
“It’s been a year since Orderly Network and Google Cloud began the collaboration, focused on driving the mainstream adoption of DeFi. Looking ahead, we believe that AI innovation will be pivotal in revolutionizing on-chain trading. Orderly’s bounty program empowers AI developers to create groundbreaking tools that will redefine the on-chain experience. This initiative invites both Web2 and Web3 developers to build autonomous agents utilizing diverse data sources, bridging the gap between today’s potential and the future of DeFi.”
Rishi Ramchandani, Google Cloud’s Head of Web3 APAC, added:
“Our work with Orderly builds on our mission to empower Web3 developers with secure and scalable cloud and AI technology to scale their applications. We look forward to welcoming more developers to build AI agents using our technology.”
The potential of Orderly’s AI agents
While AI agents in the crypto space are still relatively new, their ability to automate tasks and interact with data sources is promising.
In particular, they appear useful in perpetual futures trading, where timely decision-making is critical.
AI agents could likewise revolutionize prediction markets, staking, gaming, and DeFi applications (dApps).
They can process data from both on-chain and off-chain sources to execute a wide range of transactions from trading to cross-chain transfers.
The new bounty program is set to encourage developers to push the boundaries of AI in trading and DeFi.
If successful, the initiative will not only help traders make more informed decisions but also lay the groundwork for a more sophisticated derivatives trading ecosystem.
