The Protocol Behind How Automated Mirror Trading Works on ALPHR Finance

Helen IMAH
5 min readSep 27, 2021


Whales transactions in and out of centralized exchanges were the only on-chain data available for several years. While this may be a useful signal for short-term ETH and BTC price swings, it wasn’t nearly as profitable as it is now. To properly strategize, all of the significant funds are now using on-chain discovery tools and teams of researchers to track the behavior of individual wallets on-chain. Defi is doing incredible work as it paves the way for a new block on an existing one. Uniswap is the building block for Alphr, and the event was DeFi summer when DEX volumes increased by more than ten times.

Until now, huge trades are made anonymously; however, as the world’s expert traders begin to trade on DEXs, all of their transactions become transparent and available on-chain. This means that anyone can now see, for example, who has been the best performing WBTC trader on Uniswap in the last ninety days. When that trader buys and sells WBTC, you can use that knowledge to purchase and sell WBTC. Alphr makes it possible to do so, either manually or automatically, using AMT (Automated mirror trading).

Alphr creates a social profile for every wallet ever traded on Uniswap -and, soon, all DEXs-. You can now access beneficial information such as net worth, return, risk score, current tokens held, and much more of other traders. Once you visit a trend of recent transactions of wallets you’re following, you can make decisions on the data provided. With the rise of DeFi, your wallet has silently evolved into your on-chain social identity. Getting to know other wallets and seeing what new platforms they’re trading/farming on, as well as which tokens they’re buying and when is becoming an essential component of crypto trading.

ALPHR Finance Protocol

Alphr Finance is a social cryptocurrency trading platform that allows users to mimic the trades of industry experts. Users may examine and duplicate the strategies of others in the ecosystem, allowing them to make sensible judgments. It is boosting the crypto trading market by providing traders and crypto enthusiasts with additional possibilities and tools.

By emulating the tactics of experienced traders, users can gain access to unique trading strategies. Everyone’s wallet serves as their identification, which means that the activities of a wallet can be mirrored. Every wallet has its social presence. Whether or not a user is a member of the Alphr community, they can earn Alphr tokens when other traders copy their deals. Every ETH wallet that trades on Uniswap gets an auto-generated social profile based on their trades. This opportunity will allow users to earn Alphr tokens if someone duplicates their deal using the ecosystem’s tools.

Alphr allows everyone to trade alongside alphas of the world’s most successful cryptocurrency investors. You can make purchases when they buy and sell when they sell, in other words.

Based on their wallet DEX trade history, users can choose among the most successful crypto traders to mimic. When a user selects a wallet to mirror, they deposit cash into a smart contract pool, and the preferred investor wallet’s trades are mirrored by that routing smart contract. Users can search any wallet, and if a pool does not exist, they can build a mirror pool.

What Solutions does Alphr Offer?

  • Transaction expenses — transaction fees are average traders’ most faced challenges. Many smaller investors couldn’t access DeFi and Dex because of enormous fees. Mirror pools that are automated combine funds in a single transaction, saving users gas fees. The entire mirror pool shares the gas fees.
  • Alphr makes cryptocurrency trading simple for all, making it easy to trail many tokens and groups passively.
  • Access to experts portfolios — Someone with more alpha than you will always exist; there is no reason why you shouldn’t emulate and apply their tactics.
  • Low entry barrier — many community members are intimidated and perplexed by the volatility of the space; they don’t know which tokens to buy, and the fear of losing money prevents them from entering trade most times. Alphr has successfully curbed this drawback to admission lowered entry by automated replication of the most successful traders.

Important Components of Alphr

There are many Mirror platforms out there, but the following are the primary elements that set Alphr apart from them:

  • Having a social profile wallet: Your on-chain identity is your money; Alphr transforms it into a social shape. Every ETH wallet that trades on Uniswap gets an auto-generated profile based on their trades.
  • Picturing the Blockchain in a completely different light: You can trail wallets and get the data of their current trades, allowing you to mirror deals manually with a single click.
  • Automated Mirror Trading (AMT): This mechanism allows you to create a computerized mirror pool to copy any wallet automatically.
  • ALPHR protocol fees: In compensation for the service they provide, seventy-five percent of protocol fees are redistributed to Alphr users who provide liquidity on Uniswap. The community development fund receives twenty-five percent of the protocol fees to help finance future protocol development.
  • Risk score: Each wallet address has a risk score based on its trading history, allowing users to make more informed judgments on which wallets to mirror more quickly.
  • Incentives for users: ALPHR tokens are earned every time a user’s trade is duplicated. When users are mirrored, they make benefits even if they haven’t claimed their Alphr profile yet.
  • Users will soon replicate trades on BSC, Polkadot, and other blockchains, starting with Uniswap and Ethereum.

How Automated Mirror Trading (AMT) Works?

Automated Mirror Trading is a mechanism in the blockchain ecosystem that allows users to mimic expert traders’ techniques. They can choose which traders to follow and duplicate their methods; also, by revealing their signals, traders earn Alphr tokens when others simulate their trades. This can be accomplished by manually mimicking trades or automatically copying trades. Traders must, however, use the automated mirror trade option if they wish to clone a wallet automatically. To employ this feature, they must first construct a computerized mirror pool that will automatically clone any wallet. This means that if they enable this capability, they will be able to copy the wallet of any signal leader they desire. Surprisingly, crypto traders can now follow the methods of any signal authority they choose, as long as the individual has traded on Uniswap. Alphr Finance currently works with Uniswap; however, this is expected to change in the future. Alpha Finance is just starting and has many packages yet to be uncovered. According to the team, further announcements about this behind-the-scenes breakthrough will be made available.

In conclusion, whether we like it or not, Alphr is DeFi’s missing component, a DeFi super program that connects everything. It allows you to explore and view the blockchain in a completely new way. It’s the only way to get to real alpha. Never before has there been such a large channel accessible for average and skilled traders to meet at a rapid pace in the history of blockchain and crypto trading. Anyone may make a significant profit in trades by copying the tactics of skilled traders. Alphr has changed the face of trading by expanding DeFi to include equal profit-making chances for traders of all levels of expertise.

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Helen IMAH

I’m a TECH Lover, Blockchain Enthusiast, Strategic Digital Marketer, Content Creator, Crypto Trader & Data Analyst…