A new AI portfolio management tool is coming to PancakeSwap
Decentralized crypto exchange PancakeSwap is set to introduce PancakeSwap, an artificial intelligence (AI)-powered portfolio management tool.
Developed by Brill Finance and supported by PancakeSwap, this tool is designed to improve decentralized finance (DeFi) investment management.
CupcakeHop is set to launch in August and aims to make DeFi accessible to a wider range of users with customized investment strategies and real-time risk management.
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AI-driven portfolio management
In an interview with Cointelegraph, Brill Finance CEO and developer behind CupcakeHop, Conor O'Shea, said the AI portfolio management feature automates investment strategies based on user-defined goals and real-time market conditions.
Adapting strategies to improve performance with the goal of maximizing performance.
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User controlled risk management
The new tool features a risk engine that identifies and isolates potential threats, automatically adjusting pools to ensure the security of user-placed assets.
On the topic of risk management, O'Shea, speaking to Cointelegraph, speculated on the inclusion of a sliding element in risk management:
What I'm thinking is a proportional risk slider to get right. If you're a user, you're logged in, and you'll find three buttons: High Risk, Medium Risk, or Low Risk. And then we can have a return profile for each of them.
Discussing the purpose of such a sliding device, O'Shea explained that it would make “DeFi more approachable, especially for newcomers.”
On a more humorous note, O'Shea ended the discussion by comparing the functionality to the launch sequence of a nuclear weapon.
“I'm thinking about putting a plastic cover over the high-risk button. Like the nuclear launch code, you have to remove the plastic cover to press the high-risk red button.”
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Market accuracy and transparency
CupcakeHop aims to solve the issue of reporting accuracy by providing users with clear and accurate information about their investments.
“A lot of the numbers you see on dashboards and external reports don't match the signals in the user's wallet. […] We're trying to make sure users get an accurate description of what's going on.
Brill Finance's average monthly trading volume was up $27 million from the previous quarter and totaled $82.6 million since the end of March.
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