PancakeSwap, a decentralized crypto exchange, is preparing to introduce CupcakeHop, a portfolio management tool powered by artificial intelligence (AI). Developed by Bril Finance and supported by PancakeSwap, this tool aims to enhance decentralized finance (DeFi) investment management.
CupcakeHop, which is set to launch in August, seeks to make DeFi more accessible to a wider range of users by offering tailored investment strategies and real-time risk management.
In an interview with Cointelegraph, Connor O’Shea, the CEO of Bril Finance and the creator of CupcakeHop, explained that the AI portfolio management feature automates investment strategies based on user-defined goals and real-time market conditions.
The new tool also includes a risk engine that identifies and isolates potential risks, automatically rebalancing pools to ensure the security of user-deposited assets. O’Shea even mentioned the possibility of incorporating a risk management slider element, which would help make DeFi more approachable for newcomers.
In terms of market accuracy and transparency, CupcakeHop aims to provide users with clear and precise information about their investments, addressing the issue of reporting accuracy. Bril Finance has seen significant trading volume, with an average monthly volume of over $27 million in the last quarter and a total volume of $82.6 million since late March.
Overall, CupcakeHop is poised to revolutionize DeFi investment management by leveraging AI technology and offering user-friendly features that cater to a wider audience.