goodcryptoX - The Next-Generation DEX

Nov 28, 2023

Maksim Hramadtsou, founder and CEO of GoodCrypto and goodcryptoX, discusses revolutionary changes in decentralized trading. He explains how ERC-4337 allows for a robust non-custodial DEX platform, bringing essential trading tools like trailing stops and DCA to DEX users. Maksim emphasizes the need for richer features to enhance user experience and shares insight on pending Ethereum and Arbitrum launches. He also highlights the demand for a safe and functional DeFi environment, alongside his personal reflections on crypto's impact in Ukraine.

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INSIGHT

Account Abstraction Enables CEX UX On DEXs

ERC-4337 Account Abstraction unlocked rich non-custodial DEX UX features previously impossible on-chain.
GoodCryptoX leverages smart contract wallets to bridge CEX-grade tools with fully non-custodial DEX trading.

ANECDOTE

Users Left CEXs After FTX, Paused Trading

Many users moved funds off CEXs after FTX and demanded non-custodial tools before resuming trading.
That migration convinced GoodCrypto's team to prioritize bringing advanced tools to DEX traders.

ADVICE

Run Advanced DEX Bots With Smart Wallets

Use smart contract wallets and session keys to run advanced automated strategies on DEXs without surrendering custody.
Automate gas management, L2 bridging, and batched trades to reduce costs and latency for on-chain bots.

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Maksim Hramadtsou is the founder and CEO of GoodCrypto and goodcryptoX - a next-generation non-custodial DEX trading platform that revolutionizes DEX trading with the help of ERC-4337 Account Abstraction and Smart Contract Wallets.

Why you should listen

Maksim founded 2018 GoodCrypto in 2018, an all-in-one crypto portfolio manager and multi-exchange trading terminal. GoodCrypto supports 35 centralized exchanges and has grown to over 200k registered users and over $3B of trading volume.

Following the launch of Uniswap v2 in 2020, Maksim and his team have looked at integrating DEXs in the app to provide DEX traders with the same UX and trading tools they are accustomed to when trading on CEXs.

They believe that DEX trading should be fully non-custodial - anything less that that directly contradicts the whole point of decentralized trading

The recent adoption of ERC-4337 Account Abstraction has provided the opportunity to create a fully non-custodial feature-rich DEX trading platform - this is goodcryptoX.

goodcryptoX creates a smart contract wallet that only the user controls. It is tied to your social login or an existing Metamask wallet. That smart contract wallet issues 'session keys' - a kind of on-chain API key to your wallet that allows our platform to trade on your behalf within the smart contract-enforced limits that you set.

This allows goodcryptox to bring to DEXs most of the features of CEX trading: from trailing stop order and stop-loss/take-profit combos to DCA and Grid trading bots and trading on technical indicators and TradingView webhooks.

Besides CEX functionality, smart contract wallets allow goodcryptoX to also offer a number of unique DeFi-specific features: from the ability to pay gas fees in any ERC-20 token and automated buying of gas tokens when they are cheap and using them when the network becomes congested to automatically bridging your tokens to an L2 chain like Arbitrum, running your bots there to save on gas fees and auto-bridging them back after.

goodcryptoX will support all leading DEXs on all EVM-compatible blockchains.

GOOD token is the native utility token of goodcryptoX. GOOD provides revenue share, governance, and swapping fee discounts.

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