AI is Taking Crypto to a Completely New Level
The current cryptocurrency market landscape has undoubtedly become a challenging one for investors, as it seems to be on a downturn and there are no signs of a slowdown. However, according to one DAO, traders can get the edge they need with the help of portfolios that are powered by artificial intelligence (AI).
Singularity DAO Makes Claims
The last few months have been quite difficult for the crypto space, as the world’s largest crypto has posted losses consecutively for numerous weeks. According to a decentralized autonomous organization (DAO), this shows why traders need to use cutting-edge tools in order to stay ahead.
DynaSets is the decentralized finance (DeFi) crypto portfolio developed by Singularity DAO and is powered by artificial intelligence (AI). Between December and March, the product had undergone beta testing and now they have shifted to an open environment for running the tests. The official launch of V1 is scheduled for the end of June and its user interface will be overhauled completely.
This would help customers of DynaSets to enjoy an intuitive experience that also comes with strong branding. During the beta phase, they have stuck to the trading strategy of long-only, but they will introduce the option of applying leverage and shorting the market when V1 launches.
The performance of the three DynaSets after the close of the beta succeeded in outperforming a number of prominent crypto funds and beat the market by more than 15%. Even though there is still one open beta, the statistics show that DynaSets is undoubtedly effective and can work wonders in protecting investors’ holdings even during a bear market.
CEO Speaks Out
Marcello Mari, the chief executive of SingularityDAO, said that the current conditions of the crypto market demonstrate why AI-powered solutions for decentralized asset management are needed to make decisions. The CEO asserted that such tools should be accessible for everyone and not just for those who have the budget for accessing enterprise-level tools.
The executive stated that the results of DynaSets were positive and showed that they were doing the right thing, especially with their V1 platform ready to launch. In the digital assets’ world, access is undoubtedly a big issue, as it has been designed to create a level playing field and ensure financial inclusion.
DynaSets’ Functionality
According to SingularityDAO, they have used artificial intelligence to power their dynamic asset manager, which keeps track of trends in the crypto market to manage digital assets. The transactions are conducted in batches, so users can keep their fee down. Some of the other features of the product include staking.
In fact, an unbonded staking program has been developed to allow users to withdraw their assets any time. Even though the rewards may not be the highest, it does provide flexibility and peace of mind, considering the turmoil that can be seen in the crypto market. The company’s Launchpad also highlights some of the best products by SingularityDAO and some external idea as well.
