CyberFi – An Intelligent Trading and Automation Platform for DeFi
While the decentralized finance (DeFi) space is not new, it has experienced massive growth to surpass $37 billion. Consequently, the sector attracted a lot of attention, which, in turn, led to the unearthing of multiple deficiencies that the industry has. As a result, many projects have been continuously cropping up to address these issues. While the projects are working at a record pace to tackle these challenges, the industry still has a lot of upgrading to do.
Enhance the DeFi Experience
Chipping in to help solve one of DeFi’s insufficiencies is CyberFi, a startup that seeks to offer intelligent trading and enhanced automation to make DeFi user-friendly. The project is a new-gen intelligent trading and automation platform (ITAP). It is described as a multi-product ecosystem that comprises automation products, seeking to enhance the DeFi experience.
CyberFi is the first platform of its kind that aims to fill a gap in DeFi trading by addressing a variety of issues, including high fees, specific onboarding barriers, divergence, and poor user experiences.
It works by combining a decentralized trading platform, an intelligent automation system for complex DeFi strategies, and a cross-chain layer for supporting DeFi automation. By blending these features, the platform eliminates manual processes in DeFi applications, which lead to gas wars, overpaying fees, stress and frustration, and the constant need to be on Uniswap.
Benefits of Using CyberFi
By using CyberFi, traders will get the functionality of centralized exchanges on decentralized exchanges (DEXes) and liquidity pools. For instance, the platform offers automatic order execution based on price divergence indicators (PDI) and best trade value (BTV). While trading on liquidity pool-based DEXes demands manual interaction for a trader to enter or exit a position, CyberFi’s price divergence indicators, which are available through oracles, allow traders to leverage automatic order execution.
This functionality is currently available on Uniswap, and it has a refresh rate of 40 to 60 seconds. However, CyberFi is working on an upgrade that will process live price feeds with a 10 to 30-second latency from multiple exchanges. This iteration will use a BTV concept, which automatically finds the best prices and smallest fees available. In doing so, the system provides traders with a stress-free experience by minimizing the manual processes they need to complete to trade on DEXes.
CyberFi also leverages PDI Change Speed (PDICS) to offer traders risk mitigation tools for volatile assets. This functionality enables traders to set trade limits based on price or percentage losses against time for specific tokens. Additionally, the platform works with the community and renowned DeFi players to improve the data analytics models that are currently available.
The CyberFi ecosystem has a native token dubbed CFI Token. It is mainly used to cover trading fees on the platform. CFI also offers lower commission and access to unique products. Additionally, CyberFi users can use CFI to pay for multi-chain operations. CyberFi will not claim the CFI fees for itself. Instead, the firm will redistribute 80% of the funds to the community to secure liquidity, increasing the token’s value. The remaining 20% serves as a revenue source for the ecosystem.
CFI has a total supply of 2.4 million coins. Breaking down how it will distribute the coins, CyberFi noted that it would use 800,000 CFI for the Alpha and Cyber rounds, where it would unlock 20% of this value in the first week and then unlock 10% of the remaining amount weekly. The project would then offer strategic partners 500,000 CFI with a six-month vesting period. 300,000 CFI would then go toward development. Another 300,000 would go toward community and marketing growth. Out of the remaining 500,000 CFI, the project would dedicate 250,000 CFI to fund the liquidity team, 200,000 CFI for LP and staking rewards, and 50,000 CFI for its transaction mining program.
To help better its platform, CyberFi has joined efforts with leading players in the crypto and DeFi spaces. Notable investment-side partnerships include a tie-up with the Ferrum Network, which seeks to develop a DeFi ecosystem that interoperates across chains to eliminate barriers to mass adoption. This deal involved the creation of a solution that would offer automatic staking and offer enhanced earning opportunities for users.
On the infrastructure side, CyberFi partnered with DEXTools to bring accurate low-latency Uniswap data to the CyberFi platform. It’s a partnership that will help users make the most out of CyberFi’s automation through up-to-the-minute trading data to inform automated investment strategies. And to help accommodate the trading volume that those automated trades are likely to drive, CyberFi has begun integrating the Matic Network into its platform. That will bring cheaper, more efficient layer 2 transaction functionality, lowering costs and increasing efficiency.
CyberFi also announced that it had integrated Chainlink’s oracle services, giving platform users access to their industry-best price feeds. Having that in place, CyberFi’s users can be certain that they’re making decisions based on fair market values that are resistant to external manipulation. And because Chainlink brings unassailable reliability and security, there will never be a risk of CyberFi’s users losing access to that data or having cause to question its veracity.
A Public Beta Launch
The development of the CyberFi platform has so far exceeded the expectations of both its creators and its early users. Things have come so far so fast that the platform announced the opening of a public beta on January 27th. The public beta includes the wide availability of automation for liquidity pool management and limit order management.
The beta for the liquidity pool automation currently includes four types of smart orders. Using the system, users can create triggers to control adding and removing liquidity, as well as to auto-sell specific liquidity pool assets and exit mining programs. This provides users with maximum flexibility to control their liquidity pool participation without having to babysit their holdings.
And as far as limit order automation, the beta includes functionality to handle standard limit orders as well as cross limit orders. But both features make use of single-TX order flows that save on gas fees and prevent front-run investment attacks. CyberFi accomplished this through innovative use of off-chain transaction storage – pre-authorizing transactions and storing them privately until a triggered execution event.
All in all, it’s an exciting time to be involved with CyberFi. And as industry partners continue to come on board and the platform continues to develop apace, things will only get better from here. It’s the birth of a whole new era in DeFi – where users have ultimate control, flexibility, and ease-of-use, all at their fingertips.
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