The present scenario is challenging for crypto investors, but this DAO says AI-powered portfolios can give traders an all-important advantage.
With Bitcoin posting consecutive losses for an unprecedented number of weeks, it’s been a few difficult months for the crypto market
The decentralized autonomous organization behind an AI-powered Defi crypto portfolio claims that the current downturn illustrates why traders need cutting-edge tools to stay ahead of the game.
SingularityDAO’s flagship product, DynaSets, experienced closed beta testing between December and March — and now, testing is continuing to take place in an open environment.
Within the end of June, V1 will officially launch, and it’ll be accompanied by an overhaul of its user interface — giving DynaSets customers a spontaneous experience that’s matched by exciting branding.
Although a long-just trading strategy has been used in the beta phase, Team V1 will create options to minimize the market when it launches and to apply leverage to trades.
Since the end of the beta, all three DynaSets have lost more than 15% of their market share, surpassing many of the leading crypto funds. Although the current open beta has not yet been concluded, the statistics are strengthening the effectiveness of DynaSets and the ability to protect holdings during the bear market.
Marcelo Marie, CEO of SingularityDAO, told Cointelegraph: “Current market conditions clearly demonstrate the need for AI-powered decentralized asset management solutions to support decision-making.
“This should be available to everyone, not only those that can afford and access enterprise-level trading tools. DynaSets results are extremely encouraging and show us that we are on the right path, especially given the release of our advanced V1 platform.”
The issue of access is an important one, especially in the world of digital assets, which is designed as a level playing field where everyday investors have the same opportunities as those with millions of dollars in the bank.
SingularityDAO says its dynamic asset manager is driven by artificial intelligence — monitoring trends in the market and managing assets. DynaSet transactions are batched together to ensure users end up spending less on transaction fees.
Other features include staking, not to mention an unbonded staking program that means users can withdraw their tokens at any time. While this latter feature may not offer the biggest rewards, it can offer peace of time and much-needed elasticity given the turbulence we’re seeing in the market right now.
SingularityDAO’s Launchpad showcases only the best new products — from within its very own ecosystem as well as exciting external concepts too.
Over time, SingularityDAO claims, it has the ambition to become chain agnostic — giving users the freedom to bridge to any chain they please. This is a much-needed improvement regarding interoperability and removing the silos that have emerged in the blockchain world.
Looking ahead, a Defi dashboard will confirm that users can benefit from “advanced insights” into their portfolios — unscrambling the signal from the noise and uncovering trends that other data platforms may have missed.
SingularityNET and SingularityDAO secured a $24 million commitment with LDA Capital Limited as it moves to accelerate its product roadmap and ensure AI tools are more widely adopted in May 2022. A statement quoted figures that suggest the global AI software market is set to reach $126 billion by 2025.
A DynaSet on BNB Chain is arranged to launch by the end of June — and as we head into the third quarter of this year, an AI-automated DynaSet is due to launch for the first time, rebalancing between tokens automatically using swapping bots while ensuring that human traders are kept in the loop at all times. DynaSets are also going to make their debut on EVM-compatible blockchains such as Avalanche.
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