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Bots from zero

A bot is a rule that never sleeps. There is one running in your browser right now, just below. One instruction: buy when the price drops a step, sell when it comes back up. Watch it for ten seconds — that is the whole idea.

10 min readZero experienceRobinhood Chain
Watch it in 4 minutesnarrated by LYRA
12 chapters · 10 min read
    Live demo · grid bot buy each step down · sell each step up
    Buys
    0
    Sells
    0
    Booked
    $0.00

    Fake prices, real logic. Green dots are buys, pink are sells, and the dotted lines are the steps you chose when you made the bot. A step turns solid green while the bot is holding it. Nobody is watching that chart — a machine is.

    01 · The idea

    So what is it, really

    Think of the thermostat in a house. You do not stand there holding a thermometer. You tell it once: keep this room at 21 degrees. From then on it switches the heating on when the room is cold and off when it is warm — including at three in the morning, while you sleep.

    Same machine, different dial
    THERMOSTAT 21° cold → heat on warm → heat off TRADING BOT high → sell low → buy

    On the left you set a temperature and walk away. On the right you set two prices and walk away. The machine does the rest, the same way, forever.

    You write the rule once. The machine obeys it forever, without getting tired, distracted or scared.

    The demo at the top is a real strategy called a grid, one of nine you can start on The Desk today. Notice what it never did: guess. It had no idea whether the price would rise or fall. It just did what the rule said, every time.

    02 · The point

    Why bother at all

    You sleep. The market does not.
    This chain trades around the clock. Most of what a grid earns happens while your phone is face down on a table.
    You get scared. A rule does not.
    The hard part of trading is doing the boring thing when the screen is red. A bot has no opinion about the screen.
    You watch one chart. It watches all of them.
    Ten new tokens launch every minute here. Nobody checks them all in the first three seconds. A machine can.

    None of that makes money on its own. A bad rule followed perfectly still loses. What a bot buys you is consistency, not correctness.

    03 · The warning

    What it is not

    The most important section on this page. Almost everything people get wrong about bots is here.

    A bot's view of the future
    NOW ? ALL IT CAN SEE

    Everything left of the line is data. Everything right of it is anybody's guess, and the bot's guess is no better than yours. It was never trying to guess — it reacts, that is all.

    Not this
    It does not predict anything. It has no idea what happens next. Nothing does.
    Not this
    It is not free money. Bots lose. Ours lose sometimes, and we publish those numbers next to the good ones.
    Not this
    It is not us managing your funds. Nobody here can move your money, change your strategy or block a withdrawal.
    Not this
    It is not fire-and-forget genius. You choose the rule. A bad rule gets executed with perfect discipline, all the way down.
    Remember this one line

    If anyone shows you a bot with guaranteed returns, they are lying to you.

    04 · Custody

    Where your money actually sits

    Everyone should ask this first, so here it is before anything else. When you start a bot, your ETH leaves your wallet and goes into a contract that belongs to you. It is called the escrow, and its only owner is the wallet that made the bot.

    01
    Your wallet
    You sign once, from your own wallet. That is the only signature there is.
    your deposit moves, once
    02
    Your escrow
    A contract on chain. Only your wallet can ever empty it — not us, not the keeper, nobody.
    the keeper only watches it
    03
    The NLYRA keeper
    Our machine. It watches prices every second and presses the button when your rule says so — inside your limits.
    it sends the trade, your escrow pays
    04
    The DEX
    Buys and sells happen straight from the escrow, inside the limits you set.

    The money never touches an NLYRA account at any point. No deposit address, no custody, no withdrawal to approve. The keeper is a trigger, not a stop on the way: it decides when, your escrow is what pays.

    What the keeper can do
    • Watch prices every second and send your bot’s transactions
    • Pay the gas for each fill out of your gas reserve
    • Buy and sell only inside the limits your contract stores: size per trade, positions at once, stop loss, take profit, allowed sources
    What it cannot do
    • Move your money out of the escrow — the contract has no function that would let us
    • Change your strategy
    • Block or delay a withdrawal
    • Trade bigger than your size, sell below your stop loss, or buy a token you never allowed — the transaction simply fails
    So
    We cannot run off with it. Not because we promise, but because the contract has no function that would let us. The code is public and every address is in the docs.
    And
    You can always get it out. Normally you press Stop and it all comes back in one transaction. If this website vanished tomorrow you could still call the contract from a block explorer — the guide is written.
    The short version

    It is your money in your contract the whole time. The worst thing we can do to you is run your strategy badly.

    05 · The machine

    The three moving parts

    Every bot on The Desk is made of the same three things. Once you can name them, every screen makes sense.

    The escrow
    The contract holding your ETH and whatever tokens the bot bought. It also stores your hard limits: size per trade, positions at once, stop loss, take profit.Controlled by you, only
    The strategy
    Your rules. When to buy, when to sell, what to skip entirely. On the Sniper it lives off-chain, so changing it is instant and free.Controlled by you, only
    The keeper
    Our machine. It watches prices every second and presses the button when your rule says so, paying gas from your reserve.Us — inside your limits

    That last line is what matters. The keeper is the only part we control, and the contract checks it every single time. If it tried to trade bigger than your size, sell below your stop loss or buy a token you never allowed, the transaction simply fails. Not a policy we could change our minds about. Code.

    The honest downside

    If our keeper goes offline your bot stops trading until it is back. Nothing is lost, your money stays yours and you can stop the bot whenever you want — but fills pause. That is the real trade-off of a non-custodial bot with an off-chain engine, and we would rather say it than bury it.

    06 · The bill

    What it costs

    1%
    per buy and per sell
    $0.06
    gas per fill
    0
    subscription
    0
    cut of your profit

    The gas reserve is a small amount of ETH you set aside when you create the bot, in the same transaction. Every buy and sell takes its gas from there instead of interrupting you. What is left comes back when you stop.

    Why ticket size decides everything
    $26 per trade0.5% eaten by gas
    $3 per trade4% eaten by gas
    your money workinggas, a fixed cost per trade

    Same bot, same gas, very different outcome. Gas does not care how small your trade is, so it punishes tiny tickets. The preview screen shows you this exact percentage before you commit — if the red stripe looks fat, trade bigger or trade less often.

    07 · The two words

    Take profit and stop loss

    You will meet these two on every screen, so here they are in one picture. Both are checked by the contract, not by us: if the keeper tried to sell outside them, the transaction would fail.

    The only two ways a position ends
    TAKE PROFIT — SELL, YOU WON WHAT YOU PAID STOP LOSS — SELL, STOP THE BLEEDING you buy it sells, in profit or it sells, cutting the loss

    Two exits, decided the moment you create the bot. The solid line is the happy path, the faded one is the other half of reality. A bot without a stop loss is not braver — it just has no floor.

    08 · The walkthrough

    Running one, step by step

    The whole thing, with a picture of every screen. Two minutes once you know where to tap. We use the Sniper because it is the one you can also try for free.

    Open the Desk, go to Bots

    Head to nlyra.xyz/desk/bots. Even without a wallet you see everything: nine strategies on one side, the public bots other people run on the other.

    The Desk bots page with a connect wallet button
    Nothing about you is stored on our side. Your bots are found by reading the chain for your address.

    Pick a strategy

    Nine cards, one line each. Read best for first — it tells you what kind of market that bot needs. Not sure? The picker is further down.

    The list of nine bot strategies

    Fill in four numbers

    Every bot asks roughly the same four things. Do not agonise — most can be changed later without a transaction.

    You deposit
    The total the bot may work with. It sits in your escrow. Start with 0.1 to 0.2 ETH.
    Per trade
    How much it spends on one single entry. A tenth of the deposit is a sane start.
    Max open positions
    How many tokens it may hold at once. Three to five.
    Gas reserve
    The pot that pays the network fee on every fill. Leave it empty and take the suggestion.

    Per trade times max positions is the most this bot can ever have at risk at one moment. Worth knowing before you sign.

    The per trade and max open positions fields
    The full Sniper form
    Under the numbers sit the presets. Start with one. Measured is the strategy we run with our own money. The grey bars open the advanced rules — ignore them on your first bot.

    Read the preview

    The step everyone skips, and the one that decides whether your bot makes sense. Before you sign, the screen tells you what you are about to create, in plain numbers.

    The preview panel with entries per hour, size per trade, max exposure and gas per fill
    Gas / round trip is the number to judge: 0.5% is healthy, 5% means the bot works for the network instead of for you.

    Underneath, your strategy is written out as an English sentence. If that sentence is not what you meant, change the form until it is.

    Sign once

    One transaction moves your deposit and your gas reserve into your escrow and starts the bot. No second signature, no approval dance, no standing permission.

    The create bot button showing the deposit amount

    Watch it work

    Your bot gets its own page: what it holds, every fill with the reason it happened, profit booked, profit floating, gas burnt, reserve left. You can also look at other people's bots without connecting anything.

    A ranked list of public bots with their profit since creation
    Real bots, live from creation. Read it honestly: this is a leaderboard, so it shows the winners. Plenty here lose money and plenty sit flat. The point is that these numbers are checkable on chain instead of being a screenshot in a group chat.

    Stop it whenever

    One button, one transaction. Back come the ETH left in the escrow, whatever remains of the gas reserve, and your open positions.

    How they return depends on the bot. Grids sell and give you ETH. The Sniper and Shadow hand back the tokens themselves, unsold, because dumping a thin new token just to close a bot costs more than it saves.

    The part nobody else writes down

    If our website is down you do not need us to stop your bot. Every contract has a plain stop(id) you can call from a block explorer with nothing but your bot id. The withdraw guide lists the exact function for every type.

    09 · Free practice

    Try one with no money at all

    Paper mode is on the Sniper only for now, and it is honestly the best way to learn how any bot behaves. It runs your exact strategy against real, live launches and books simulated fills. No contract, no deposit, no gas. Nothing leaves your wallet because nothing ever enters one.

    The paper mode checkbox on the Sniper form
    The start paper sniper button
    One tick box, one signature to prove the wallet is yours, and no transaction at all.

    You can trust its numbers because we went out of our way to make them unflattering:

    Real delay
    Every decision books two seconds later, at the price on chain at that moment — the delay we measured between a live bot deciding and its transaction landing.
    Real costs
    It pays the same 1% fee and the same gas as a live bot, at the current gas price.
    Real failures
    Same slippage and profit checks the contract enforces. If a real transaction would have failed, this one fails too — and still pays the gas.

    A paper bot sits in your list like any other, wearing an amber PAPER tag, never mixed into your real totals. Three at a time. When you like what you see, Go live with this strategy opens the real Sniper with every setting filled in.

    How we suggest you start

    Run a paper bot for a day. Look at what it entered and what it refused. Change one thing. Run it another day. Only then put money in, and only an amount you would not mind losing entirely.

    No deposit · no gas · one signature to prove the wallet is yours

    10 · The picker

    Which one is for me

    Each bot wants a different shape of market. The little chart on the left of each row is the shape it needs — match it to what you think the token will do.

    Each of these gets its own page here soon, with every field explained. Until then the docs hold every contract address and function.

    11 · The dictionary

    Words you will bump into

    Escrow
    The contract holding your bot's money. Yours, on chain, emptied only by your wallet.
    Keeper
    Our machine that watches the market and sends your bot's transactions. It can only act inside the limits your contract stores.
    Fill
    One completed buy or sell. Bots are measured in fills.
    Per trade
    How much the bot spends on a single entry. Not the total you deposited.
    Gas reserve
    A small pot of ETH inside your bot that pays the network fee on each fill. The remainder comes back when you stop.
    Take profit · TP
    Sell once the position is up by this much versus what it cost. The contract verifies it before letting the sale through.
    Stop loss · SL
    Sell once the position is down by this much, to stop the bleeding. Also verified by the contract.
    Slippage
    The gap between the price you were quoted and the price you got, because somebody traded in between. Every bot sets a floor below which it refuses to trade at all.
    Realized and floating
    Realized is profit already locked in by a completed sale. Floating only exists on paper, because you still hold the token.
    Expiry
    A date after which the bot stops by itself. After it, anyone can trigger the refund — but it always pays you, never them.
    12 · No spin

    The honest part

    Every bot on The Desk carries a risk note. We do not bury it there and we will not bury it here.

    Risk
    You can lose money. Any of these can end below where it started. The Sniper in particular is built around the fact that most launches fade.
    Risk
    The contract guarantees the limits, not the outcome. It enforces your sizes, caps, stop loss and minimum output. It cannot make a strategy profitable.
    Risk
    If the keeper is offline, fills pause. Your money stays safe and withdrawable the whole time, but the bot is not trading.
    Risk
    New tokens bite. On a fresh curve your own buy moves the price against you, and some tokens cannot be sold at all. The Sniper hands stuck tokens back instead of letting them lock your ETH, but it cannot make them worth anything.

    None of that is a reason to stay away. It is a reason to start small, start in paper, and only scale what you have watched work with your own eyes.

    Ready? Start with the free one.

    A paper Sniper costs nothing, risks nothing, and teaches you more in a day than this page did in ten minutes.

    NLYRA Wiki · Bots · last reviewed 20 September 2026. Screenshots come from the live Desk and may drift as the product changes. Nothing here is financial advice. You choose the strategy and you own the outcome.