Describing his project in a recent Cointelegraph AMA session, Tony Batalin coined the term “Uber for crypto” to encapsulate CeDeFiAi’s essence. He emphasized the convenience of consolidating asset management into a single, real-time interface, eliminating the need to hop between multiple websites.
CeDeFiAi positions itself as the inaugural noncustodial aggregator in the realm of CeDeFi, aiming to construct a Web3 protocol that seamlessly amalgamates data from diverse DeFi protocols, exchanges, and platforms into an intuitive interface while prioritizing user privacy. Through utilization of Web3 wallets and API integrations, the platform facilitates connections to centralized exchanges without retaining users’ funds.
Having traversed the landscape as a seasoned crypto trader, Batalin identified a dearth of sophisticated trading tools, prompting him to delve into experimentation and development. Among the standout features of CeDeFiAi is an aggregated balance dashboard, furnishing insights into DeFi wallet balances, connected exchange accounts, and investment particulars such as staking and liquidity pools. Additionally, it furnishes a DeFi dashboard for monitoring investments across platforms like PancakeSwap and Venus Protocol. For centralized trading, the platform integrates with various exchanges and is poised to support features such as futures and spot trading.
Batalin elucidated on the current integrations, highlighting the inclusion of exchanges like Binance and BingX, alongside protocols like 1inch, Compound, Venus Protocol, Trader Joe, and QuickSwap on Polygon. Plans are underway to incorporate the Axelar core system and Axelar network to facilitate cross-chain transactions and communication.
In stark contrast to conventional Web2 models, CeDeFiAi entrusts users with full control over their funds and information via the seed phrases of their wallets. Augmenting security measures, the platform employs double encryption, restricted access controls, and underscores the inherent security advantages of Web3 technology. Batalin iterated the team’s commitment to exploring additional security enhancements to bolster users’ confidence.
Regarding artificial intelligence (AI), Batalin underscored the limitations of current systems in comprehending trader logic fully. He emphasized the necessity for real-time data from diverse sources, encompassing not only DeFi or CeFi but also social engagement, news, and other information, to refine predictive capabilities. Presently, AI finds application in CeDeFiAi to facilitate chat functionalities, educational assistance, basic trading strategies, and calculators.
Operating on a software-as-a-service model, CeDeFiAi imposes a monthly subscription fee for access. Nonetheless, tokenholders of CeDeFiAi have the option to stake and lock their tokens for a specified duration to avail themselves of complimentary platform access.
In articulating CeDeFiAi’s vision, Batalin stressed its pivotal role in fostering industry growth and facilitating mass adoption. The platform serves as a launchpad for burgeoning DeFi projects, offering seamless integration and access to an established user base. Subsequently, the roadmap entails evolving into an audit layer for protocols and products, addressing issues such as phishing hacks.
For further insights into CeDeFiAi, visit their platform.
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