Crypto News, in a groundbreaking initiative, LeverFi has partnered with Microsoft to introduce A.I. decentralized finance solutions. The main objective is to simplify the user experience and to vigilantly monitor on-chain portfolios.
LeverFi Collaborates with Microsoft for A.I. Decentralized Finance Solutions
These innovative solutions will harness the capabilities of the Microsoft Azure OpenAI Service, which is renowned for its quick machine learning and expansive data analytics abilities.
Challenges in Decentralized Finance
The decentralized finance sector has been facing numerous challenges lately:
- Security breaches resulting in a loss of $480 million in the first half of 2023, as reported by Peckshield.
- Unsatisfactory risk management practices, especially with lending platforms having undue exposure to CRV concentration risks.
- Labor-intensive execution processes where users need to personally sidestep liquidation and MEV slippages.
Such challenges have caused a decline in the trust and usage of decentralized finance by its current users. Furthermore, these problems also deter potential new users.
Morpheus: A.I. Powered Portfolio Management Assistant
LeverFi, in collaboration with Microsoft, is introducing “Morpheus” – an A.I. powered portfolio management assistant. Its design and functionalities are aimed at aiding users in navigating the intricate DeFi environment.
Morpheus is powered by two primary A.I. engines
Protocol Engine: It meticulously scans and tracks, ensuring prompt action to safeguard users in case of any security breaches or potential risks.
User Wallet Engine: This engine constantly monitors portfolio positions and swiftly responds to adverse market conditions to protect users from potential losses.
Both these engines, when combined, offer users a more controlled and confident DeFi experience.
Pushing the Envelope with A.I. and Real-world Assets Beyond Morpheus, LeverFi is gearing up to work on cutting-edge solutions with Microsoft, especially around asset tokenization and real-world assets. The company has already initiated such endeavors in Hong Kong and is determined to keep pushing the boundaries in this domain.
About LeverFi
LeverFi stands as a premier on-chain, cross-margin platform on Ethereum, offering top-tier leveraged trading platforms to DeFi users. Their upcoming ventures promise enhancements to the current DeFi infrastructure, ensuring reduced complexities and bolstered security for all users.
To stay updated and join the LeverFi community, users can explore various platforms as official website, twitter etc.
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