New product — Quant SAP release
It has been weeks ago since we closed the Index public testing. Now we are gonna launch a new product — Quant SAP.
What is Quant SAP
Token address (for test): 6NvkewtxCfkqPGDzvFLsNcxrqM3niJhGTkbvgJcHsUyg
Quant SAP is an asset pool with a quantitative trading strategy. This type of SAP is closed-end but it is tokenized so users can trade it on the secondary market during the locking period.
The strategy is high frequency, and the position is managed according to the trend signal. The strategy can be long or short and it can be profitable whether in a bull market or a bear market.
What is a quantitative trading
Quantitative trading consists of trading strategies based on quantitative analysis, which rely on mathematical computations and number crunching to identify trading opportunities.
Quantitative traders take a trading technique and create a model of it using mathematics, and then they develop a computer program that applies the model to historical market data. The model is then backtested and optimized. The system is then implemented in real-time markets with real capital if favourable results are achieved.
A computerized quantitative analysis reveals specific patterns in the data. When these patterns are compared to the same patterns revealed in historical data (backtesting), then quantitative traders can confidently draw the conclusion to make trading decisions.
Reference: https://www.investopedia.com/terms/q/quantitative-trading.asp
How the strategy is deployed to Sypool platform
Sypool is thrilled to announce the partnership with WOO Network. All the trading happens in WOO X, a CEX developed by WOO Network.
The quant-trading strategy is developed by our manager and is executed by integrating WOO X API. All trading is executed through programming based on quantitative analysis.
The token raised for Quant SAP is locked in the smart contract and will be liquidated only once each time the fund is open for redemption.
How to check the assets holding and the positions
Sypool has integrated WOO X API to display all the transactions and positions at the front end.
Since the trading target is perpetual contracts, the only asset holding is USDT.
Long/Short positions are also displayed with the quantity, average open price, mark price, pnl, 24h realized pnl and notional.
If you find any display issues during the testing, feel free to open a ticket and report the bug on discord.
About WOO Network
WOO Network connects traders, exchanges, institutions, and DeFi platforms with democratized access to the best-in-class liquidity and trading execution at zero or low cost.
WOO X
WOO X is a front-end trading platform that fully sources its liquidity from WOO Network to provide professional traders with superior trading execution via deep liquidity and lower to zero-fee trading.
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About Sypool
Sypool is a synthetic asset management protocol that is built by the professional quantitative trading team.
This is another innovation that we have migrated finance from off-chain to on-chain. This idea was inspired by both off-chain fund companies and packaged asset derivatives. On the one hand, we tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing scarce liquidity for the cryptocurrency market.
Therefore, you can consider it as a fund share, or you can consider it as a mirrored token pool asset, or your own portfolio, as well as other new uses that may appear in the future.
