From complex processes to one-stop, DeFAI is forming a Google-like experience (Attached with 5 noteworthy projects)

With the rapid development of DeFAI, we may be at the beginning of a new bull market.

Author:Diego – DeFAI Maxi

Compiled by: Shenchao TechFlow

The design of blockchain is not about user-friendliness, and interacting with it remains challenging. But looking back at history, the Internet encountered similar problems in its early days.

Before the advent of Google and other search engines, users had to manually enter URLs to find websites. This method of operation is extremely complex, resulting in the Internet being limited to a small number of technical geeks for a long time.

It was not until the emergence of search engines, which simplified the complexity of the Internet through natural language interactions, that the Internet truly entered public life.

With the popularization of the Internet, Google has become one of the most valuable companies in the world.

DeFi’s early dilemmas

Current decentralized finance (DeFi) is in a stage similar to the early days of the Internet.

High barriers to interaction with DeFi——Users need an external Web3 wallet and manually find information such as decentralized applications (dApps), revenue opportunities, and lower loan rates.

This complex and decentralized user experience clearly limits the large-scale adoption of DeFi.

If we can abstract away these technical complexities through natural language interactions and let users explore DeFi as easily as using a search engine, can this technology truly benefit everyone?

• In the early 1990s, the potential of the Internet was widely recognized, but poor user experience limited its development. The emergence of Google changed this situation.

• Today, the potential of DeFi and blockchain cannot be ignored, but the lack of user experience is becoming the biggest obstacle to their popularity. AI and DeFAI (AI-based DeFi solutions) may become the Google of this field, driving the popularity of DeFi.

Abstraction is the key to popularization

Whether it is the Internet revolution or the recent large-scale adoption of AI, their success is inseparable from one core: realizing the integration of complex technologies through natural language interaction.“abstraction”。

• Google simplifies the complexity of the Internet through search engines.

• ChatGPT lowers the threshold for AI use through natural language generation technology.

The popularization of the Internet and AI will not be achieved overnight. Before large-scale application, these technologies usually require a long period of back-end infrastructure construction. For example, basic research and development on the Internet began in the 1960s and ushered in large-scale applications in the 1990s; while the real breakthrough in AI occurred in the 2010s, the rise of technologies such as deep learning and big language models promoted this process.

DeFi’s starting point can be traced back to the launch of @ethereum in 2015, and DeFi summer 2020 was another important milestone.

After nearly a decade of development, DeFi’s backend technologies have become relatively mature, but we still lack a way to abstract these technologies and make them more friendly to ordinary users.

DeFAI = DeFi’s Google

Abstraction of natural languageIt is the key to driving mass adoption, which is the core goal of DeFAI.

DeFAI’s main product is Chat Co-pilots. Users only need to enter simple instructions, such as exchanging 1000 USDC into ETH on Optimism, and the operation can be completed.

While the traditional DeFi model requires users to access dApps one by one, manage mnemonics, and evaluate platform security, this new model simplifies these processes through an abstraction layer.

theabstraction layerSimilar to Google, it helps users complete tasks and recommends the best options, making DeFi easier to use.

Here are the most advanced DeFAI chat aids currently available

• @HeyAnonAI –ChatGPT in the realm of encryption

Hey Anon was one of the first projects to explore DeFAI and abstraction layer applications. Their chat aid will be officially released on Friday, February 7th!

Users can enter their needs through text, and Hey Anon will provide them with the best solution. It is worth mentioning that this product is completely free and open source.

• @modenetwork –Interface Layer

Mode is a Layer 2 blockchain focusing on the DeFAI field and is committed to providing an optimized blockchain architecture for AI agents and AI integration.

One of its core products is the chat assistant interface layer, where users can complete transactions on Mode L2 with only text instructions.

Compared with traditional front-end interfaces, Mode proposes a new interaction method that greatly improves the ease of use of blockchain.

• @orbitcryptoai –Co-pilot Everywhere

Just as there were multiple competitors in the Internet search engine field, the DeFAI field is also full of competition because of the huge potential in this field.

Orbit leads the technology stack, with its chat assistive tools already able to interact with more than 200 protocols on more than 100 chains.

Currently, Orbit’s products are one of the most comprehensive solutions in this field and deserve continued attention.

• @Cod3xOrg –Intelligent Interface

In my opinion, Cod3x is one of the most anticipated projects currently. They are not only focused on building chat assistive tools, but also committed to developing comprehensive solutions covering multiple fields.

Whether it’s portfolio management or the creation of AI agents, the goal of Cod3x is to revolutionize the way we interact with smart contracts and blockchain.

Currently, Cod3x is still in a closed testing phase. If you are interested, you can join their Discord community to watch real-time demos and get updates on the latest development progress.

• @askthehive_ai –Chat aids focused on trading

The Hive is the last DeFAI chat aid we analyzed today and is unique in its focus on the trading realm.

It introduces the concept of Smart Trading, a new type of trading method relying on AI technology.

With The Hive, traders no longer need to analyze complex data such as charts, news or order books, but can rely on auxiliary tools to optimize trading decisions and achieve more efficient market profits.

The future potential of DeFAI

I want to end this article by sharing my optimistic outlook for DeFAI.

DeFi, smart contracts and blockchain are disruptive technologies that will profoundly change the way we manage money and assets.

However,At present, the complexity and risk of DeFi still limit its popularity and has not yet become a technology available to everyone.DeFAI’s goals are very clear:

1. Simplify the threshold for DeFi,Make it easy for ordinary users to participate and popularize the technical achievements accumulated over the past 10 years.

2. Improve DeFi security andBuild users ‘trust in assistive tools through technical means while protecting users from fraud risks.

I believe that with the rapid development of DeFAI, we may be at the beginning of a new bull market.

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