Microsoft and LeverFi have joined forces to launch an AI-backed resolution that goals to sort out the challenges going through the decentralized finance (DeFi) business.
The DeFi ecosystem is grappling with some vital challenges, together with safety hacks, poor threat administration insurance policies, and handbook execution processes.
These challenges have led to a insecurity amongst customers and stay a serious barrier for brand new customers coming into the DeFi house.
To beat these limitations, LeverFi is launching Morpheus, an AI portfolio administration assistant, in collaboration with Microsoft, the corporate mentioned in a Wednesday Medium publish.
Morpheus goals to assist customers navigate the complicated DeFi panorama by offering portfolio administration insights and on-chain monitoring by means of machine studying.
The AI-powered assistant will detect market anomalies and help customers in portfolio administration, mitigating dangers and avoiding widespread pitfalls.
“Morpheus will help customers keep away from widespread pitfalls and protocol-related dangers whereas on the identical time, uncover the true advantages and potential that they will obtain with DeFi,” the annoucnement reads.
Morpheus consists of two core AI engines, together with one for protocols and one for consumer wallets.
The protocol engine scans, tracks, and reacts to safety exploits or protocol dangers, aiming to guard customers in real-time.
The consumer engine displays portfolio positions and reacts to sudden market downturns, serving to customers mitigate potential losses.
By combining these two AI engines, customers may have higher management and confidence in navigating the DeFi house.
LeverFi, previously often called Ramp, is a platform that gives leveraged buying and selling as much as 10x in a decentralized method.
LeverFi and Microsoft to Work on Extra Merchandise
Along with Morpheus, LeverFi and Microsoft are additionally engaged on modern options in asset tokenization, real-world belongings, and on/off-chain settlements.
LeverFi has already begun efforts in these areas in Hong Kong and can proceed to drive developments.
“As at all times, LeverFi proceed to empower DeFi customers with new, modern options and be a number one drive to democratize DeFi entry internationally,” the corporate mentioned.
It’s price noting that LeverFi will not be a family identify within the crypto house, with its token’s market cap at the moment sitting round $22 million, preserving it out of the highest 500.
Nonetheless, the platform has gained recognition by buying and selling on main exchanges similar to Binance and Coinbase.
On the time of writing, LeverFi’s LEVER token is buying and selling at $0.00119666, down by 19.4% over the previous day. The coin is up round 6% over the previous 14 days.