Tony Batalin referred to his project, CeDeFiAi, as the “Uber for crypto” during a recent Cointelegraph AMA. The platform aims to solve the problem of constantly switching between websites by providing users with a real-time view of all their assets in one place.
CeDeFiAi positions itself as the world’s first noncustodial aggregator for CeDeFi, focusing on creating a Web3 protocol that combines data from various DeFi protocols, exchanges, and platforms into a user-friendly interface. The platform prioritizes user privacy and achieves this by using Web3 wallets and API integrations to connect users to centralized exchanges without holding their funds.
Batalin, an experienced crypto trader, noticed the lack of advanced tools in the trading space and decided to experiment with building them. He introduced several features of CeDeFiAi, including an aggregated balance dashboard that displays DeFi wallet balances, connected exchange accounts, and investment details such as staking and liquidity pools. The platform also offers a DeFi dashboard where users can track investments across platforms like PancakeSwap and Venus Protocol. For centralized trading, CeDeFiAi integrates with various exchanges and will support features like futures and spot trading.
“We currently have integrated Binance and BingX exchanges, as well as 1inch, Compound, Venus Protocol, Trader Joe, QuickSwap on Polygon,” Batalin explained. “We also plan to integrate Axelar core system and Axelar network for cross-chain transactions and communication.”
Unlike traditional Web2 models, CeDeFiAi ensures that users have complete control over their funds and information through the seed phrases of their wallets. To further enhance security, the platform employs double encryption, limited access controls, and leverages the inherent security benefits of Web3 technology. Batalin emphasized that the team is continuously exploring additional security measures to provide users with peace of mind.
Regarding AI, Batalin acknowledged that existing systems lack a full understanding of trader logic. He stated that AI algorithms are only effective in identifying certain types of anomalies and that real-time data from various sources, including social engagement, news, and other information, is necessary for more accurate predictions. Currently, AI is implemented in CeDeFiAi to support chat, educational assistance, basic trading strategies, and calculators.
CeDeFiAi operates on a software-as-a-service model and requires a monthly subscription fee for access. However, tokenholders have the option to stake and lock their tokens for a specific period to gain free access to the platform.
Batalin believes that CeDeFiAi is essential for the industry and long-term mass adoption. He mentioned that the platform provides smaller DeFi projects with a stage to showcase their products without incurring significant costs. Additionally, CeDeFiAi aims to become an audit layer for protocols and products, addressing issues like phishing hacks.
To learn more about CeDeFiAi, visit their website.
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