How Crypto Traders Can Benefit From DeFi’s Fusion With AI?
‘Grandma friendly’ DeFAI could bring blockchain finance to the masses.
In tech, new solutions can bring new problems. If a groundbreaking innovation is hard to use, more innovation will be needed to fix it.
That’s where decentralized finance (DeFi) finds itself: ready to transform financial services but held back by jargon and fiddly processes that make it hard for newcomers to grasp.
Enter DeFAI, a mashup with agentic AI. This latest twist in the blockchain saga has the potential to cast-off DeFi’s process-heavy chains and open it up to a wider audience.
Just tell a chatbot how to execute certain on-chain actions and it hands everything over to an AI agent, automating an often tricky and time-consuming series of technical steps. Anyone who’s ever tried a new DeFi protocol for the first time will appreciate the potential benefits.
The current crop of DeFAI contenders wants to make handling crypto holdings easier for retail traders. Can they live up to the hype?
At a glance
- Complexity, jargon, and an abundance of scams can be off-putting for DeFi newcomers
- DeFAI – DeFi’s integration with agentic AI – aims to change that. It allows users to run multi-step actions automatically using verbal commands
- DeFAI can also strengthen security by minimizing input errors for common things like crypto wallet addresses
- It could give retail traders more power to act on real-time market insights
The dawn of frictionless DeFi
It’s hard to overstate DeFi’s impact on financial services. Instant loans, peer-to-peer trading, permissionless transactions, and straightforward forex …
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