DeFi

AI enters DeFi on PancakeSwap

Published

7 months ago

18 June, 2024

Bril Finance is set to launch a cross-chain liquidity pool in DeFi markets on AI (artificial intelligence)-based crypto DEX PancakeSwap.

The new tool will be called CupcakeHop and will include a cross-chain liquidity pool and yield aggregator. It was developed in collaboration with DEX PancakeSwap.

Crypto and DeFi: the new AI tool CupcakeHop arrives on PancakeSwap

CupcakeHop hasn’t been released yet, but according to the developers at Bril Finance this could significantly transform the DeFi landscape.

CupcakeHop would indeed, according to its developers, have the capacity to redefine the optimization of yield and cross-chain liquidity.

This new protocol promises to simplify the Challenge for new and experienced investors, making high-yield opportunities more accessible.

They even promise that its advanced AI-powered portfolio management and risk mitigation features will be set to set new standards in the industry.

CupcakeHop is defined as a revolutionary cross-chain liquidity pool that aggregates yields from various sources, providing users with the best rewards for their contributions to liquidity pools.

In addition, it will be equipped with an automated portfolio management system based on AIwhich optimizes investment strategies in real time, tailored to the user’s specific goals.

Being developed in collaboration with PancakeSwap should ensure robust and easy-to-use features.

The liquidity pool

A liquidity pool is made up of crypto funds locked in a smart contract that are used to facilitate transactions within decentralized exchanges.

In fact, DeFi platforms typically use automated market makers (AMMs) to enable trading of cryptocurrencies automatically and without permission, and liquidity pools allow AMMs to function properly.

Obviously, the higher trading volumes a DEX has to handle, the more it needs to tie up a lot of funds in its liquidity pools, and so it often tries to attract as much liquidity as possible by offering incentives and returns to those who deposit. their tokens in their liquidity pools.

The problem is that not only on the same DEX are there multiple liquidity pools, but now there are also many DEXs that operate on multiple chains.

The world’s largest DEX, Uniswap, now operates on 19 blockchains, and PancakeSwap on 9.

Besides these two, which are the most famous, today there are hundreds of other DEXes, such as Curve, Balancer, Raydium and many others.

Just think that out of 19 billion dollars of TVL locked up globally on all DEXs in the world, only 5.6 are on Uniswap, while on PancakeSwap there are 1.9 and on Curve almost 2.

Navigating this world in search of the best returns is very complicated if done manually.

Cross-chain search

It is for this reason that over time, several protocols have already emerged allowing the search for the best returns, but they generally operate on a single chain.

In contrast, protocols like the new CupcakeHop search for the best returns simultaneously across multiple chains, exponentially increasing the potential for finding the best.

We are now moving more and more towards cross-chain DeFi, that is, one that operates simultaneously on different chains with protocols that allow exchanges even between different blockchains.

AI is transforming the DeFi landscape: PancakeSwap will host the new cross-chain cryptocurrency pool

CupcakeHop further promises AI-based automated portfolio management.

In fact, even in the case of cross-chain management, it is practically impossible to obtain the best returns, which in some cases change continuously, if one operates manually.

Therefore, it is not only useful for a yield search protocol to work across multiple chains, but also to enable automated management of the allocation of funds, so that they can be reallocated very quickly, if necessary or useful, to DEXs which offer better returns.

However, it should be noted that it is not at all certain that artificial intelligence tools are efficient, because regardless of correct functioning from a technical point of view (which is absolutely necessary), it is not not 100% sure they will perform equally well. at best from a financial point of view.

For example, the fact that CupcakeHop was developed in collaboration with DEX PancakeSwap certainly provides good guarantees as to its technical functioning, but in reality, this does not add guarantees to its optimal functioning from a financial point of view.

Additionally, it is still a DeFi protocol, i.e. public and uninsured. Therefore, at least for the initial period, its use is not recommended for operators with little experience in decentralized finance.

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Related Topics:Challenge crypto have Pancake swap

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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