Autofarm (AUTO) Secures $5M Investment to Research and Develop Artificial Intelligence on DeFi: AI-Fi

Sydney, Australia, January 15, 2023 – (PR.com) – Autofarm, a multi-chain DEX and yield aggregator protocol deployed on 19 EVM-compatible chains and listed on top exchanges, has the Research, development and integration of announced advanced artificial intelligence (AI) and machine learning (ML) technologies through the creation of AutoLabs, an in-house AI research division. The goal is to dynamically analyze real-world data and make autonomous decisions for optimal asset allocation across multiple blockchain networks.

Additionally, Autofarm has announced it will secure a $5 million private investment in January 2023 to support the development of new products and features such as automated investment strategies based on AI/ML algorithms. These strategies aim to help users maximize returns in the fast-paced world of DeFi.

One technique Autofarm plans to implement is using oracles to bridge on-chain and off-chain data, allowing the platform to make data-driven decisions about asset allocation for maximum yield. Autofarm is also exploring the integration of AI/ML algorithms into its AutoFarm Vaults, a yield optimization platform, to improve the yield optimization mechanism.

Additionally, Autofarm intends to use AI/ML techniques to optimize liquidity pools on the DEX to improve trade execution, increase scalability and reduce the risk of holding crypto assets. Automated investment strategies based on AI/ML algorithms will also be rolled out to help users maximize returns in the fast-paced world of DeFi.

Overall, the integration of AI and ML technologies into Autofarm along with the $5 million investment is a significant step forward for the DeFi space. The Autofarm team is committed to researching and implementing AI/ML technology to provide users with the best possible yield farming experience and looks forward to continuing to create a more profitable and efficient yield farming ecosystem.

Contact Information:
Joseph Paul
+61 3 9629 9961
Contact by email
https://autofarm.network

Read the full story here: https://www.pr.com/press-release/877083

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Jan 15, 2023 at 8:39 p.m

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