{"id":"GOT6hGNMunc","title":"Trading Bots. Silent UX Revolution","description":"Speaker: Anatolii Padenko, Alfred\n\nWe Came, We Saw, We Abstracted!\n\nNEAR, in partnership with Frontier Research and Agoric, hosted Chain Abstraction Day, a massive event that attracted over 1,200 attendees. \n\nThis gathering brought together the brightest minds in blockchain, including industry leaders like Sreeram Kannan from EigenLayer and Adrian Brink from Anoma. \n\nA cornerstone of the event was unveiling the CAKE framework (Chain Abstraction Key Elements). This framework provides a foundational understanding of chain abstraction and paves the way for further exploration. Discussions dived into cutting-edge topics like threshold signatures, multi-chain settlements, and abstracted security. \n\nRecap of NEAR at Eth Denver: https://bit.ly/NEARatEthDenver\n\nJoin NEAR's community:\nWebsite: https://near.org/\nReddit:   / nearprotocol  \nDiscord: https://near.chat/\nMedium:   / nearprotocol  \nBlog: https://near.org/blog/\nTwitter:   / nearprotocol  \nGitHub: https://github.com/near  https://github.com/nearprotocol\nDev Docs: https://docs.near.org/\n#Blockchain #NEAR #nearprotocol","channel_name":"NEAR Protocol","published_at":"2024-04-11T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/GOT6hGNMunc/hqdefault.jpg","transcript_text":"hi everyone today I'm going to talk about training bot and chain obstruction so um for the context my name is anoli I'm co-founder of Alfred B and founder of kabs so let's move on so last year we've seen the phenomen that more and more users started to use in trading Bots and they use them more than traditional dmr0 um and non bullets and for the context like the trading bot is just the like messenger interface in top of centralized server which go your EA and then execute some automated traes mostly for some speculation use cases and for some automation stuff um yeah in terms of the numbers like boss volum is already like 9 billion and more than 25% of Dex frent transactions are done through trading Bots and yeah it's around like 4% of all to Total trading volume uh like from tradings pretty impressive so far and why the question is like why why do people um Trad in their messenger why people delegate their like key key uh access to um some centralized server and the simple answer is um ux and only ux so basically we cannot deny the fact that speculation is one of the largest crypto use cases and people like to speculate and people do speculate a lot lot they do speculate with leverage trading on centralized exchange and they speculate with meme points and cheat points trats uh on like defi um and uh yeah uh basically speculating in your like traditional um like theprint 10 has some you challenges um yeah especially when when you're dealing with the shoot boards so you have like front running RPC issues like lack of automation tool Rock pools uh etc etc etc you're abilities toate gas fast and basically like trading Bots they just give you ability to um do it fast and speculate in your messenger exactly in the place where you find Alpha but today they abstract away all those like Tech challenges and risks uh for your like as a defile user and but actually Bots can be better um in the context of fragmentated liquidity the um like domain switching becomes a real Challenge and um why because basically crypto narratives they're highly damic so we have like BC uh BC 20 stuff then we have like base Snipes then we had like Solon of in points the moment of silence and then back everyone back to ethereum with u44 no one know what it is but yeah something happened in there and people like need to breach their like assets from one network to another in order to speculate and they need to uh take care about like how they you know managed that liquidity and that's actually fine for ADV was Advanced engines who are active uh defy users uh because they have like each specific Niche tool on each Network for each use case but it's not very good for regular web to user who also want to speculate because speculations is one of the largest SCP to use cases so far um the E solution for them would be some magic Black Box um and user just pass the intent and say hey print me some money and the magic Black Box the five black box print you money um or experience Maybe not money uh that's actually tricky part to implement but if we will optimize some components of the existing infrastructure uh we'll basically will improve ux uh a little bit not like in that way but a little bit so there are two main things the first of all user should have ability to specify his intent in multiple ways so user should be able to specify his intent using text message he can be able to pass the link to Twitter calls or he can do the voice message and send it to the bot and basically this message uh the trading bot should recognize that intent and find the right solver which will execute and f that intent that U right now like telegam Bots they operate a single solver single uh yeah solver for single use case but they actually can and should um use multiple solers moreover those solers should be like chain specific solvers and use case specific solvers because like some some are good at Snipes some has their own liquidity um or some can bring offchain data to the game so and with this picture it already looks a little bit better for the regular web to user because uh it opens and it loocks a couple of more use cases so the user heard about some new mcoin listed on blast and he said like buy this mcoin fast I found the Twitter post um he passed this intent to the training bot the trading bot recognize that intent and basically um user don't know if you've already bridged liquidity on blast or no what is plus Etc but he just know that some influencer just posted link on Twitter and basically training bot finds the like right solver on the destination Network frees some required amount of money on user account and X as an X gr it this case and uh yeah Waits until like solo whe fill the intent and lend the required amount to the user uh Wallets on the destination Network or user is driving his car and he send like what message I have like Assets in my wallet please uh please sell them uh fast in 5 days for example and state the results somewhere where it's efficient and of course the same thing the trading bar can find the right solers on the um like different networks uh require them to execute the intent aggregate the result and breach that result somewhere and uh again user don't care about you know like where he had those liquidity or uh finally the user want to down position and use the tweet the Twitter account as a stoploss stuff so basically he wants to bring some offchain data and uh dump his shitcoin if somebody tweets B think about that so in all of these like three examples USU didn't care about the network but he operated in terms of uh his abstraction was actually the position and traits not the gas bridging Network L2 Etc and um and yeah this actually brings a little bit better user experience and allow on board more users to the speculation game uh which is huge and users in this case they just desired like resilent and fast execution not the breing Stu and uh yeah big kudas to for your team to introduce the cake framework uh in our opinion uh in this cross change FMA the execution speed and execution guarantee matters the most for the um speculation new case and um yeah it's not so easy to implement but we think that's the future and an Alfred we've already started to make R in some of component to be chain abstracted and introducing some VX tricks but yeah um some predictions from our team so we think that in future like in next 12 months from now user will be able to buy any token anywhere user like will not care about the gas because they will be abstracted the network and chain will not also be the case because user will think about like trades and open positions not the network on chain and yeah uh as a bonus Sol will bring bring uh more of chain data to users and allow users to do the stop loss and Twitter post um that's pretty um thank you for your attention","transcript_synced_at":"2026-11-03T06:03:09.916Z","segments":[{"start_seconds":8,"text":"hi everyone today I'm going to talk about training bot and chain obstruction so um for the context my name is anoli","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=8s"},{"start_seconds":17,"text":"I'm co-founder of Alfred B and founder of kabs so let's move on so last year we've seen the phenomen that more and","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=17s"},{"start_seconds":24,"text":"more users started to use in trading Bots and they use them more than traditional dmr0 um and non bullets and for the context","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=24s"},{"start_seconds":33,"text":"like the trading bot is just the like messenger interface in top of centralized server which go your EA and then execute some automated traes mostly","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=33s"},{"start_seconds":40,"text":"for some speculation use cases and for some automation stuff um yeah in terms of the numbers like boss volum is","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=40s"},{"start_seconds":48,"text":"already like 9 billion and more than 25% of Dex frent transactions are done through trading Bots and yeah it's","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=48s"},{"start_seconds":56,"text":"around like 4% of all to Total trading volume uh like from tradings pretty impressive so far and why the question","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=56s"},{"start_seconds":65,"text":"is like why why do people um Trad in their messenger why people delegate their like key key uh access to um some","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=65s"},{"start_seconds":74,"text":"centralized server and the simple answer is um ux and only ux so basically we","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=74s"},{"start_seconds":81,"text":"cannot deny the fact that speculation is one of the largest crypto use cases and people like to speculate and people do","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=81s"},{"start_seconds":89,"text":"speculate a lot lot they do speculate with leverage trading on centralized exchange and they speculate with meme","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=89s"},{"start_seconds":95,"text":"points and cheat points trats uh on like defi um and uh yeah uh basically","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=95s"},{"start_seconds":103,"text":"speculating in your like traditional um like theprint 10 has some you challenges um yeah especially when when you're","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=103s"},{"start_seconds":111,"text":"dealing with the shoot boards so you have like front running RPC issues like lack of automation tool Rock pools uh","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=111s"},{"start_seconds":118,"text":"etc etc etc you're abilities toate gas fast and basically like trading Bots they just give you ability to um do it","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=118s"},{"start_seconds":126,"text":"fast and speculate in your messenger exactly in the place where you find Alpha but today they abstract away all","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=126s"},{"start_seconds":133,"text":"those like Tech challenges and risks uh for your like as a defile user and but actually Bots can be better um in the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=133s"},{"start_seconds":142,"text":"context of fragmentated liquidity the um like domain switching becomes a real Challenge and um why because basically","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=142s"},{"start_seconds":151,"text":"crypto narratives they're highly damic so we have like BC uh BC 20 stuff then we have like base Snipes then we had like Solon of in points the moment of","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=151s"},{"start_seconds":160,"text":"silence and then back everyone back to ethereum with u44 no one know what it is but yeah something happened in there and","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=160s"},{"start_seconds":167,"text":"people like need to breach their like assets from one network to another in order to speculate and they need to uh take care about like how they you know","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=167s"},{"start_seconds":176,"text":"managed that liquidity and that's actually fine for ADV was Advanced engines who are active uh defy users uh because they have like each specific","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=176s"},{"start_seconds":185,"text":"Niche tool on each Network for each use case but it's not very good for regular web to user who also want to speculate because speculations is one of the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=185s"},{"start_seconds":193,"text":"largest SCP to use cases so far um the E solution for them would be some magic Black Box um and user just pass the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=193s"},{"start_seconds":202,"text":"intent and say hey print me some money and the magic Black Box the five black box print you money um or experience","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=202s"},{"start_seconds":209,"text":"Maybe not money uh that's actually tricky part to implement but if we will optimize some components of the existing","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=209s"},{"start_seconds":216,"text":"infrastructure uh we'll basically will improve ux uh a little bit not like in that way but a little bit so there are","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=216s"},{"start_seconds":223,"text":"two main things the first of all user should have ability to specify his intent in multiple ways so user should","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=223s"},{"start_seconds":231,"text":"be able to specify his intent using text message he can be able to pass the link to Twitter calls or he can do the voice","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=231s"},{"start_seconds":239,"text":"message and send it to the bot and basically this message uh the trading bot should recognize that intent and find the right solver which will execute","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=239s"},{"start_seconds":248,"text":"and f that intent that U right now like telegam Bots they operate a single solver single uh yeah solver for single use","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=248s"},{"start_seconds":256,"text":"case but they actually can and should um use multiple solers moreover those solers should be like chain specific","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=256s"},{"start_seconds":264,"text":"solvers and use case specific solvers because like some some are good at Snipes some has their own liquidity um or some can bring offchain data to the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=264s"},{"start_seconds":273,"text":"game so and with this picture it already looks a little bit better for the regular web to user because uh it opens","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=273s"},{"start_seconds":280,"text":"and it loocks a couple of more use cases so the user heard about some new mcoin listed on blast and he said like buy","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=280s"},{"start_seconds":286,"text":"this mcoin fast I found the Twitter post um he passed this intent to the training bot the trading bot recognize that","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=286s"},{"start_seconds":294,"text":"intent and basically um user don't know if you've already bridged liquidity on blast or no what is plus Etc but he just","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=294s"},{"start_seconds":301,"text":"know that some influencer just posted link on Twitter and basically training bot finds the like right solver on the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=301s"},{"start_seconds":308,"text":"destination Network frees some required amount of money on user account and X as an X gr it this case and uh yeah Waits","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=308s"},{"start_seconds":317,"text":"until like solo whe fill the intent and lend the required amount to the user uh Wallets on the destination Network or","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=317s"},{"start_seconds":326,"text":"user is driving his car and he send like what message I have like Assets in my wallet please uh please sell them uh","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=326s"},{"start_seconds":333,"text":"fast in 5 days for example and state the results somewhere where it's efficient and of course the same thing the trading","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=333s"},{"start_seconds":340,"text":"bar can find the right solers on the um like different networks uh require them to execute the intent aggregate the","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=340s"},{"start_seconds":348,"text":"result and breach that result somewhere and uh again user don't care about you know like where he had those liquidity","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=348s"},{"start_seconds":355,"text":"or uh finally the user want to down position and use the tweet the Twitter account as a stoploss stuff so basically","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=355s"},{"start_seconds":362,"text":"he wants to bring some offchain data and uh dump his shitcoin if somebody tweets B think about that so in all of these","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=362s"},{"start_seconds":370,"text":"like three examples USU didn't care about the network but he operated in terms of uh his abstraction was actually the position and traits not the gas","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=370s"},{"start_seconds":379,"text":"bridging Network L2 Etc and um and yeah this actually brings a little bit better user experience and allow on board more","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=379s"},{"start_seconds":388,"text":"users to the speculation game uh which is huge and users in this case they just desired like resilent and fast execution","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=388s"},{"start_seconds":396,"text":"not the breing Stu and uh yeah big kudas to for your team to introduce the cake framework uh in our opinion uh in this","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=396s"},{"start_seconds":404,"text":"cross change FMA the execution speed and execution guarantee matters the most for the um speculation new case and um yeah","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=404s"},{"start_seconds":413,"text":"it's not so easy to implement but we think that's the future and an Alfred we've already started to make R in some of component to be chain abstracted and introducing","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=413s"},{"start_seconds":422,"text":"some VX tricks but yeah um some predictions from our team so we think that in future like in next 12 months","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=422s"},{"start_seconds":430,"text":"from now user will be able to buy any token anywhere user like will not care about the gas because they will be abstracted the network and chain will","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=430s"},{"start_seconds":439,"text":"not also be the case because user will think about like trades and open positions not the network on chain and","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=439s"},{"start_seconds":447,"text":"yeah uh as a bonus Sol will bring bring uh more of chain data to users and allow users to do the stop loss and Twitter","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=447s"},{"start_seconds":455,"text":"post um that's pretty um thank you for your","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=455s"},{"start_seconds":466,"text":"attention","url":"https://www.youtube.com/watch?v=GOT6hGNMunc&t=466s"}],"youtube_url":"https://youtube.com/watch?v=GOT6hGNMunc","url":"https://near-pedia.xyz/videos/GOT6hGNMunc"}