Fetch.ai is bringing a new way of trading to decentralized exchanges, with the use of artificial intelligence (AI) tools. The Cambridge, U.K.-based firm has developed a suite of enhanced trading products for decentralized exchanges (DEX), which will launch later this quarter. The vision is to facilitate peer-to-peer transactions between decentralized finance (DeFi) users using AI-powered "agents". These agents will execute trades based on user-defined parameters.

The agents employed by Fetch.ai will use their own smart contracts to carry out users’ instructions. Importantly, this scenario does away with the need of a liquidity pool. Thus, rendering hackers unable to target a trove of coins. On the contrary, they would need to gain access to each agent retroactively, something which is far more challenging. However, this security layer is crucial in order to bridge the confidence needed for further adoption of DeFi.

Indeed, 2023 has seen nearly $120 million in crypto stolen - distributed across 19 different breaches. These thefts and the vulnerabilities in the code and design of decentralized protocols, can put people off from using DeFi systems. Fetch.ai seeks to offer an alternative, secure and decentralized approach to trading, one which puts users in control of their own assets.



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