AI agent in Defi, Mode is building AIFi economy 

Ai agent, AI agent and AI agent, you all have heard this right? The way AI space is growing right now, integrating AI with crypto opens up countless possibilities. AI will be capable of making monetary decisions on its own, transacting with humans and other AI agents through crypto. AI agents will be integrated into many of our day-to-day activities, from personal assistant AI agents to financial planners. The possibilities are endless. Mode network is integrating AI into defi. They are building the AIFi economy. You might be thinking what is this AIFi and AI agent in Defi so in this article we will explore all of this. 

What is Mode network?

• Mode network is a Layer 2 solution built on the Ethereum blockchain, utilizing the OP Stack framework. It focuses on the decentralised finance (DeFi) sector. This means it helps make transactions faster and cheaper than if you were using the L1 blockchain, like Ethereum. According to Defillama, it has 197M TVL and 60 Dapps built on it. It is building the AIFi economy before moving forward to it let’s see how it is different from other L2.

How this is different from other L2?

• One major difference between Mode and other Layer 2 solutions is its focus on integrating artificial intelligence (AI) into decentralized finance (DeFi). While many Layer 2 platforms are mainly about speeding up transactions and lowering costs, Mode takes it a step further by integrating AI agents that can automate complex financial tasks.
• Mode has launched an AI Agent Marketplace where developers can create and deploy these AI agents. Currently, there are 37 live agents that can help users manage liquidity pools, optimize yields, and even generate DeFi yields from protocols. This means users can interact with the system more easily, making DeFi accessible to a wider audience.
• Mode Network offers a unique profit-sharing model. It shares a portion of the transaction fees with users and developers, encouraging community participation and growth. 

What is AIFi?

• Do you want that on behalf of you an AI agent will earn yield from protocol? This is possible on Move Network. 
• AiFi represents a new way of doing finance where software agents handle tasks that usually require human intervention. These AI agents can perform various functions like searching for profitable opportunities, managing trades, and ensuring smart contracts operate smoothly. By automating these processes, AiFi aims to make financial services faster, cheaper, and more reliable.
• You can explore AI agents on Mode, currently there are 37 Ai agents in AI agent app store.
• Currently these AI agents will work on behalf of human, helping them make better decisions and manage their investments more effectively. Over time, these agents will evolve to interact with each other autonomously, meaning they can perform complex financial tasks without needing human input.

The role of AI Agents:

• Task automation: AI agents can find the best investment opportunities or manage risks automatically. This saves users time and effort while maximizing their potential returns.
• Real-Time decision making: These agents constantly analyze market data to make informed decisions quickly. This means they can react to changes in the market faster than a human could, helping users take advantage of opportunities as they arise.
• Examples of existing Agents: AI agents in Mode’s marketplace ARMA, which helps optimize yields from dapp on Mode Protocol, and Olas Modius. These agents showcase how AI can enhance user experience in DeFi.

How to get started with an AI agent?

To explore Mode follow these steps:

• Go to Mode Network 
• Visit AI Agent App store
• Explore ai agents

If you are a developer and want to deploy an AI agent then fill out partner applications.

Mode Network is not just speeding up transactions; it’s creating a whole new way of doing finance through AI integration. By building an AIFi economy that supports intelligent automation, it empowers both users and developers to participate in a more efficient and rewarding financial ecosystem. 

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Disclaimer: At CoinTopper, we like to cover interesting products and share them with our community. This article is for educational purposes only and is not sponsored or endorsed by the project team.