Web 3.0 liquidity layer Orderly Network has announced a bounty program hosted with Google Cloud and Empyreal. The campaign will reward developers building AI agents to trade autonomously on Orderly.
A step forward in uniting the powers of AI and DeFi, the bounty program will support Orderly’s goal of developing the first on-chain derivatives platform capable of supporting AI agents.
The creation of these agents by independent developers will enable automated transactions that use the latest advancements in AI and Web 3.0 technology.
Full details of the bounty program will be released at TOKEN2049 in Singapore on September 18-19, 2024. The program will commence immediately afterward and is expected to run for several weeks.
During this time, developers who enroll in the program and successfully create and deploy AI agents on Orderly will be eligible to receive a share of the prize pool.
Each agent will be evaluated on participation across two categories highest profitability and most innovative predictor and if they meet the requirements, they can qualify for prizes in both.
AI agents developed for use on Orderly are expected to be geared towards sophisticated traders initially and for developers seeking to create advanced trading applications.
Orderly will subsequently support the development of AI agents that can be used by intermediate traders who will be able to participate in derivatives trading with no coding knowledge required.
Orderly Network uses Google Cloud technology to underpin its user-centric developer tools designed to lower the barriers to entry in DeFi space.
Orderly Network’s efforts focus on developing off-chain components of DeFi infrastructure, addressing critical challenges related to self-custody and transparency.
The AI bounty program is the next step in this collaboration.
Leveraging Google Cloud’s understanding of the Web 3.0 sector and advanced AI technologies, the initiative aims to onboard Web 2.0 developers to participate in the campaign with the transition to Web 3.0 development being made easy by campaign partner Empyreal, who is providing their SDK.
Arjun Arora, COO of Orderly Network, said,
“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…
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