Decentralized cryptocurrency exchange PancakeSwap is set to introduce CupcakeHop, which is
Decentralized cryptocurrency exchange PancakeSwap is set to offer CupcakeHop, an artificial intelligence (AI)-powered portfolio management tool.
Developed by Bril Finance and supported by PancakeSwap, the tool is designed to improve investment management in decentralized finance (DeFi).
CupcakeHop, scheduled to launch in August, aims to make decentralized finance accessible to a wide range of users through personalized investment strategies and real-time risk management.
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Portfolio management based on artificial intelligence
In an interview with Cointelegraph, Conor O’Shea, CEO of Brill Finance and developer behind Cupcake Hop, said the AI portfolio management feature automates investment strategies based on a user-defined goal and market conditions. real-time market:
“She constantly adjusts her strategies to optimize performance with the goal of maximizing returns.”
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User-controlled risk management
The new tool features a risk engine that identifies and isolates potential risks and automatically rebalances pools to ensure the safety of user-deposited assets.
Regarding risk management, O’Shea plans to incorporate a sliding risk management element, telling Cointelegraph:
“What I’m looking at is actually a risk-return slider. If you are a user, enter and you will get three buttons: high risk, medium risk or low risk. And then, for each of them, we can have a return profile.
When discussing the goal of this scroller, O’Shea explained that it will make “DeFi more accessible, especially for newcomers.”
On a more humorous note, O’Shea concluded his discussion of the cursor idea by comparing the function to that of a nuclear weapon firing sequence:
“I’m thinking of putting a plastic cover on the high-risk button. “You have to, like a nuclear launch code, lift the plastic cover and press the red high-risk button.”
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Market accuracy and transparency
CupcakeHop aims to solve the problem of reporting accuracy by providing users with clear and accurate information about their investments.
“A lot of the numbers you’ll see on dashboards and external reports don’t actually correspond to the tokens deposited into a user’s wallet. (…) We try to ensure that users get an accurate description of what is happening.
Bril Finance’s average monthly trading volume was more than $27 million last quarter and $82.6 million in total since the end of March.
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