Tony Batalin recently introduced his groundbreaking project, CeDeFiAi, as the “Uber for crypto.” In a recent Cointelegraph AMA, Batalin explained that CeDeFiAi aims to consolidate all of a user’s assets into one convenient platform, eliminating the need to constantly switch between websites.
Positioning itself as the world’s first noncustodial CeDeFi aggregator, CeDeFiAi is focused on creating a user-friendly Web3 protocol that aggregates data from various DeFi protocols, exchanges, and platforms. The platform prioritizes user privacy and achieves this by utilizing Web3 wallets and API integrations to connect users to centralized exchanges without requiring them to hand over their funds.
Batalin, an experienced crypto trader, was inspired to create CeDeFiAi after recognizing the lack of advanced tools in the trading space. He highlighted several features of the platform, including an aggregated balance dashboard that provides real-time information on DeFi wallet balances, connected exchange accounts, and details on investments such as staking and liquidity pools. Additionally, CeDeFiAi offers a DeFi dashboard where users can monitor their investments across platforms like PancakeSwap and Venus Protocol. For centralized trading, the platform integrates with various exchanges and plans to support features like futures and spot trading.
Batalin elaborated on the integrated exchanges, stating, “Currently, we have Binance and BingX exchanges integrated. Also 1inch, Compound, Venus Protocol, Trader Joe, QuickSwap on Polygon. We also plan to integrate Axelar core system and Axelar network for cross-chain transactions and communication.”
Unlike traditional Web2 models, CeDeFiAi ensures that users have complete control over their funds and information through the seed phrases of their wallets. The platform enhances security by implementing double encryption, limited access controls, and leveraging the inherent security benefits of Web3 technology. Batalin emphasized that the team is continuously exploring additional security measures to provide users with peace of mind.
Regarding the implementation of AI, Batalin acknowledged that existing systems are limited in their ability to fully understand trader logic. He explained that AI algorithms are primarily useful for identifying certain types of anomalies and that real-time data from various sources, including social engagement and news, is necessary to improve their accuracy. Currently, AI is being utilized in CeDeFiAi to support chat, educational assistance, basic trading strategies, and calculators.
CeDeFiAi operates on a software-as-a-service model, requiring a monthly subscription fee for access. However, CeDeFiAi tokenholders have the option to stake and lock their tokens for a specified period to gain free access to the platform.
Batalin believes that CeDeFiAi is essential for the industry and mass adoption in the long run. He stated, “We provide a stage for smaller DeFi projects, allowing them to integrate directly into our platform and access an existing user base without the need for significant upfront costs. Additionally, our next step is to become an audit layer for protocols and products, addressing issues such as phishing hacks.”
To learn more about CeDeFiAi, visit their website.
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