Cointime

Cointime

Download App
iOS & Android

DeFi DAO introduces permissionless listings with AI enhancement

Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings.

The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users.

The primary obstacle lies in the difficulty of monitoring this expansive market to identify tokens that not only present a novel utility but also possess genuine potential for growth and stability. The dynamism and the sheer volume of choices necessitate an enhanced mechanism for users to sift through the vast array of tokens effectively, ensuring they can pinpoint those with real promise amidst a sea of contenders.

For users to make properly informed trading decisions, DeFi platforms have to widen their coverage of the market, which highlights the need for a holistic approach. This is where innovative technologies like artificial intelligence can assist protocols.

AI and permissionless listings for dynamic trading

Ooki is a DeFi platform integrating artificial intelligence (AI) and permissionless listings to kite out DeFi traders to enable confident and informed decision-making when spotting and trading tokens.

Ooki AI is engineered to offer in-depth analysis of cryptocurrencies by using diverse data sources. It covers tokenomics such as market capitalization and supply details and on-chain data, including token movements, transaction volumes and status of locked tokens to get the picture of liquidity and investor interest in the market.

The artificial intelligence service also provides off-chain technical analysis by applying popular indicators like moving averages and relative strength index (RSI). Off-chain abilities of Ooki AI include social media analysis to determine market sentiment and current trends. The service presents actionable insights by compiling the gathered market data.

When it comes to putting data and insights into use, permissionless listings allow for token trading without the requirement of central approval, speeding and simplifying the process. This new feature equips users with the ability to include underrepresented tokens in the market and avoid missing out on the hype surrounding them, all the while creating a diverse and dynamic trading environment with easy access.

Ooki utilizes AI to assist its users’ trading strategies. Source: Ooki

When combined with Ooki AI, the permissionless listings feature seeks to enhance individual trading strategies with sophisticated tools and information. Users do not have to wait for a token to be listed on an exchange in order to trade it and miss out on the hype surrounding the token because of the wait. Ooki allows users to list the token by themselves in a reliable and simple way to start trading immediately. Ooki is actively exploring the most effective applications of AI to further refine and enhance its platform capabilities.

The decentralized protocol also supplies users with tools for lending, borrowing and staking and allows users to get involved in derivatives trading.

Ooki Protocol operates as a true DeFi decentralized autonomous organization (DAO) run solely by the community. DAO participants stake the OOKI token, the native token of the protocol, to vote on proposals and govern the protocol’s future democratically and transparently.

Ooki has partnered with many prominent projects in the Web3 space, currently operating on Ethereum, Arbitrum, Optimism, Polygon and BNB Chain.

Helping users navigate DeFi

Working for a democratic DeFi space integrated with cutting-edge technology, Ooki envisions a future where anyone can confidently trade using AI and permissionless listings.

“Ooki’s mission is to unlock the full potential of DeFi, making it accessible, insightful, and adaptable for all. This isn’t just evolution; it’s a revolution in how we interact with digital finance.”

The world of DeFi is rapidly evolving into an expanded universe, or to be more exact, into a multiverse. AI innovations like Ooki AI can aid users in navigating them, fostering a better future for DeFi.

Comments

All Comments

Recommended for you

  • Bitcoin native application platform Arch developer completes $7 million seed round of financing, led by Multicoin Capital

    Bitcoin native application platform Arch developer Arch Labs announced the completion of a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent.

  • Tokenization platform AgriDex completes $5 million Pre-Seed round of financing

    AgriDex, a tokenization platform on the Solana blockchain, announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and former Goldman Sachs and Citadel executive, Hank Oberoi. It is reported that AgriDex is expected to launch its platform and token, AGRI, in the third quarter of this year. According to its white paper, AgriDex has reserved 5% of the total token supply, or 50 million tokens out of 1 billion tokens, for airdrops.

  • VitalikButerin ·

    Multidimensional gas pricing

    In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably:

    Multidimensional gas pricing

  • UXUY Completes $7 Million Pre-A Round of Financing, with Investments from Binance Labs, Bitcoin Magazine, and Other Institutions

    UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of a $7 million Pre-A round of financing. Since its establishment, its total financing amount has exceeded $10 million. UXUY is an important builder of the Bitcoin ecosystem, and more than 100,000 traders use Bitcoin Lightning Network services through UXUY. UXUY's current round of financing has received investment from well-known institutions in Asia, North America, and Europe, such as Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3Vision, Pentos Ventures, NGC Ventures, Alti5, Metalpha, and GSR. The funds raised by UXUY in this round will be used for the construction of the Bitcoin ecosystem infrastructure, and will be committed to promoting the efficient and low-cost trading of Lightning Network Taproot Assets, Ordinals BRC-20, Runes, and other assets. Jordan, co-founder of UXUY, said: "We are pleased to be strategic partners with all investors! This year, we have successfully built a bridge between the Bitcoin Lightning Network and the multi-chain ecosystem. UXUY will continue to promote the use cases and popularization of the Lightning Network in trading scenarios, and make more contributions to the Bitcoin ecosystem." According to RootData, a Web3 asset data platform, UXUY is a next-generation decentralized multi-chain trading platform based on MPC wallets. UXUY actively participates in the construction of the Bitcoin Layer2 ecosystem, fully integrates into the Bitcoin Lightning Network and Taproot ecosystem, provides Lightning Address DID services to users, and becomes an important bridge connecting the Bitcoin and Ethereum ecosystems. As a decentralized multi-chain trading platform, UXUY provides immediate cross-chain trading services for Coin, Token, and Inscription among public chains through the establishment of uPool.

  • Cointime精选 ·

    Why the Future of Ethereum is Smart (Accounts)

    In the dynamic landscape of Ethereum, the traditional concept of digital ownership through externally owned accounts (EOAs) is revealing its limitations. As Ethereum's ecosystem grows, incorporating more complex applications and expanding through layer-2 scaling solutions, it becomes evident that our foundational tools for ownership and interaction need an overhaul.

    Why the Future of Ethereum is Smart (Accounts)

  • Taiwan's administrative agency passed four new anti-fraud laws to bring cryptocurrency traders under control

    It was announced that Taiwan's administrative management agency has passed the "New Anti-Fraud Law" to regulate cryptocurrency traders. In the future, businesses or individuals providing virtual asset services or third-party payment services must complete anti-money laundering measures and register their services or log in. Failure to do so may result in a maximum of 2 years in prison or a fine of up to NT$5 million. Businesses or individuals outside of Taiwan providing virtual asset or third-party payment services must register their companies or branches according to company law and complete anti-money laundering measures and service registration or login. Otherwise, they are not allowed to provide virtual asset services or third-party payment services in Taiwan. Qiu Shuzhen, the deputy chairman of Taiwan's financial regulatory agency, stated that there are currently around 60 to 70 cryptocurrency traders in the market, of which 25 have passed the anti-money laundering review by the financial regulatory agency. In the future, all traders will be required to declare and undergo review, and a cryptocurrency traders' association will be established for legal, administrative, and association management. Accounting professionals will also be enlisted to assist with internal control.

  • Cointime精选 ·

    Speculatory Divergence

    There has been a growing divergence in performance between Bitcoin and Ethereum during the 2023-23 cycle thus far. This has manifested as weaker price performance for ETH, and can be explained by an overall weaker capital rotation trend, especially relative to past cycles and ATH breaks.

    Speculatory Divergence

  • EigenLayer TVL falls back to $14.794 billion

    According to DefiLlama data, the total value locked (TVL) in Ethereum's re-staking protocol EigenLayer has fallen below $15 billion, currently at $14.794 billion.

  • The EU is considering including cryptocurrencies in the 12 trillion euro investment market, and its impact may far exceed that of US ETFs

    The European Securities and Markets Authority (ESMA) is consulting with the investment product advisory industry and experts on whether cryptocurrency assets should be included. This move could open up a broader market for cryptocurrencies, far exceeding the market size of spot Bitcoin ETFs. The plan aims to expand the scope of UCITS (EU Transferable Securities Collective Investment Scheme), with the UCITS market reaching as high as €12 trillion. If successful, this would be a key step in mainstreaming cryptocurrency assets in Europe.

  • Coin Metrics ·

    The Usage & Evolution of Decentralized Exchanges (DEX’s)

    Checking in on pool liquidity, trading volumes and adoption across Ethereum DEX's

    The Usage & Evolution of Decentralized Exchanges (DEX’s)

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company