{"id":56648,"date":"2022-01-26T17:48:29","date_gmt":"2022-01-26T15:48:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56648"},"modified":"2025-09-04T07:30:22","modified_gmt":"2025-09-04T04:30:22","slug":"botswap-fetch-ai-app-that-simplifies-trading-on-uniswap-and-pancakeswap","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/botswap-fetch-ai-app-that-simplifies-trading-on-uniswap-and-pancakeswap\/","title":{"rendered":"BotSwap: Fetch.ai app that simplifies trading on Uniswap and PancakeSwap"},"content":{"rendered":"

In December, trading volume on decentralized exchanges (Decentralized Exchanges, DEX) surpassed<\/a> $127 billion. The Total Value Locked (TVL) at the largest of them \u2014 Uniswap and PancakeSwap \u2014 amounted to<\/a> $6.18 billion and $4.1 billion respectively.<\/p>\n

We feature BotSwap, an app that helps optimize activity on these trading platforms.<\/p>\n

BotSwap in Brief<\/h2>\n

The app is developed by the British blockchain startup Fetch.ai<\/a> \u2014 the creator of the eponymous platform with the ERC-20 token FET.<\/p>\n

In February 2019, Fetch.ai raised $6 million in 22 seconds via an IEO on Binance Launchpad. In March 2021 the company launched the derivatives DEX Mettalex, and three months later \u2014 the first version of BotSwap.<\/p>\n

BotSwap automatically withdraws liquidity from Uniswap V2 or PancakeSwap V2 pools when the asset price reaches a certain level. This helps cap impermanent loss<\/a> \u2014 the difference in the value of assets held in a wallet and in the liquidity pool.<\/p>\n

Additionally, BotSwap users can create limit orders for trading pairs: the app will swap tokens when the price hits the set level.<\/p>\n

Agents and Triggers<\/h2>\n

Users create DeFi agents \u2014 subaccounts that perform actions on the exchange. They trigger when certain conditions are met \u2014 triggers.<\/p>\n

BotSwap allows creating up to five agents. Each can have only one trigger connected to it.<\/p>\n

The cost of operating one agent is 30 FET per month<\/a> ($10 at the time of publication). BotSwap users receive 5 bonus tokens, which can be spent on these goals.<\/p>\n

As of publication, BotSwap offers two triggers:<\/p>\n