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Understand Solana Market-Making Bot Developed by PandaTool in One Read

CN
加密少爷
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1 year ago
AI summarizes in 5 seconds.

How do we understand the Solana market value management robot? This is an automated product that can help you achieve batch buying and selling, pulling and smashing the market, and controlling prices. The advantage of this robot is that it frees up your hands and can buy and sell according to the set target price, enabling fully automated trading.

Recently, the well-known one-click issuance platform PandaTool launched the Solana market value management robot, which allows users to control the token through this robot. Now, we are going to interpret this Solana robot through an article.

First, open the market value management robot page and follow the steps below:

  1. Import wallet: Import your wallet private key on the selected page (import as many wallets as needed)

  2. Select token: Enter the contract address and select the token you want to operate/control

  3. Refresh balance: Check how much sol and how many tokens are in your wallet

  4. Execution interval: The time interval between each buy or sell, in seconds

  5. Slippage: The maximum acceptable cost of each transaction. For newly listed tokens, the slippage should be higher

  6. Operation amount: In the pull mode, this amount is the number of sol you spend. In the smash mode, this amount is the number of tokens you want to sell

  1. Operation mode: Pull mode → buy tokens; smash mode → sell tokens

  2. Target price: In pull mode, the target price should be higher than the current token price. In smash mode, the target price should be lower than the current token price

  3. Miner's fee: To some extent, it determines the speed of your transaction. The more miner's fee you give, the faster the transaction speed will be

  • Default: No additional gas
  • Fast: Additional expenditure of 100,000 gas, approximately 0.000035 sol
  • Super fast: Additional expenditure of 800,000 gas, approximately 0.00025 sol
  • Other: You can customize the gas fee
  1. Check pool: Check the pool address and token price

  2. Start: Click to start running

  3. Stop: Click to stop running

Through actual testing, we found that your transaction speed is related to the gas fee. When you pay 100,000 gas, the transaction time will be approximately 10-20 seconds. When you pay 800,000 gas, the transaction time will be between 3-8 seconds.

Overall, PandaTool's launch of this market value management robot will have a significant impact on volume brushing and controlling the market. However, it is also important to note that the robot has a specific mode: for example, the SOL pool can only be traded with sol, and the USDC pool can only be traded with USDC. Additionally, the robot currently only supports Raydium pools, does not support other swaps such as ORCA, and does not support Raydium's CLMM pool.

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