PancakeSwap, a decentralized crypto exchange, is preparing to introduce CupcakeHop, a portfolio management tool that utilizes artificial intelligence (AI). Developed by Bril Finance and supported by PancakeSwap, this tool aims to enhance decentralized finance (DeFi) investment management.
Scheduled for launch in August, CupcakeHop intends to make DeFi more accessible to a wider range of users by providing customized investment strategies and real-time risk management.
Connor O’Shea, the CEO of Bril Finance and the creator of CupcakeHop, explained in an interview with Cointelegraph that the AI portfolio management feature automates investment strategies based on user-defined goals and current market conditions.
The new tool also includes a risk engine that identifies and isolates potential risks, automatically rebalancing pools to safeguard user-deposited assets. O’Shea mentioned the possibility of incorporating a risk management slider element, which would make DeFi more user-friendly, especially for newcomers. In a lighthearted remark, he compared the functionality of the slider tool to that of a nuclear weapon’s launch sequence.
CupcakeHop aims to address the issue of reporting accuracy by providing users with clear and precise information about their investments. Bril Finance, with an average monthly trading volume of over $27 million last quarter and a total of $82.6 million since late March, seeks to ensure market accuracy and transparency.
Overall, the introduction of CupcakeHop is expected to revolutionize DeFi investment management with its AI-powered features, tailored strategies, and real-time risk management capabilities.