Blog Author
RB Labs
  • August 18, 2024
  • 4 min to read
Decentralizing Trading Robots on the Internet Computer Protocol

RB Labs is introducing a new approach to algorithmic trading by decentralizing the development and deployment of trading robots on the Internet Computer Protocol (ICP). This project enables anyone to train AI models and propose them for decentralized hosting. If a trading robot passes the necessary backtesting requirements, it becomes available for use by others, even if they didn’t create it. Developers can earn a small percentage of the profits generated by their robots, ensuring that innovation is rewarded while maintaining transparency and security through on-chain processes.

A Decentralized Platform for Trading Robots

RB Labs has developed a decentralized platform where AI-driven trading robots can be proposed, tested, and deployed. Developers submit their AI models, which then undergo a thorough backtesting process to ensure they meet performance standards. If successful, these robots are made available to the wider community, allowing users to access advanced trading tools without needing to develop them from scratch.

Training, Backtesting, and Approval

The approval process for trading robots on RB Labs' platform is straightforward and transparent. Developers train their AI models using historical data to ensure that the robots can handle the complexities of real-world trading. The backtesting phase is essential, as it simulates how the robot would perform in actual market conditions. Only those robots that demonstrate reliable and consistent results are approved for use by others.

Profit-Sharing to Encourage Innovation

RB Labs offers a profit-sharing model to incentivize developers to create effective trading robots. Developers earn a percentage of the profits generated by users who adopt their robots, but only when the robots make successful trades. This ensures that developers are motivated to continually improve their models while users benefit from well-tested and reliable trading strategies.

On-Chain Transparency for Security and Trust

Transparency is a key feature of RB Labs' platform. All activities, from the submission of AI models to their deployment and profit-sharing, are recorded on the blockchain. This on-chain transparency ensures that both developers and users can trust the process, with every transaction and decision being verifiable. This approach helps to prevent fraud and ensures the integrity of the platform.

Making Advanced Trading Tools Accessible

The platform by RB Labs democratizes access to sophisticated trading tools. Even users without technical expertise can benefit from advanced AI-driven trading strategies by selecting from a range of approved robots. This opens up new opportunities for users who want to engage in algorithmic trading without having to develop their own models.

Conclusion

RB Labs is reshaping the landscape of algorithmic trading by decentralizing the development and use of AI-driven trading robots. With a focus on transparency, security, and innovation, the platform offers a fair and accessible way for users to engage in advanced trading. The profit-sharing model further ensures that developers are rewarded for their contributions, making it a collaborative and trustworthy environment for all participants.

For more information about RB Labs, please visit: rblabs.ai

Let's work together

Are you interested?

Get in touch now