Singularitydao.ai diverse basket of crypto tokens controlled by cutting-edge Artificial Intelligence, now made available to you through the AGI Community Governance Generation Event. SingularityDAO is a decentralised platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
Singularitydao.ai is a decentralised platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
SingularityDAO starts with this basket-of-assets model and adds Artificial Intelligence to optimise performance in complex markets. The architecture and economics of SingularityDAO don’t require Artificial Intelligence to function, but SingularityDAO is an outgrowth of SingularityNET, an AI-networking project building an interconnected network of AI agents. SingularityDAO uses sophisticated AI to dynamically manage portfolios, execute efficient asset allocations and market making functions to provide liquidity for high-quality tokens on DEXs, and predictively model asset management strategies.
A diverse basket of crypto tokens controlled by cutting-edge Artificial Intelligence, now made available to you through the AGI Community Governance Generation Event!
Liquidity Pool and Vault
By default, when you deposit crypto assets to a DynaSet, you receive DynaSet tokens in your wallet, representing your share of that DynaSet. You can leave them there and get exposure to the upside – the funds are accessible only to you – or you have the option of putting your DynaSet tokens into DEXes Liquidity Pools to earn fees and farm SDAO tokens. Optimizers (see below) can borrow the crypto assets underlying these DynaSet tokens.
In return you receive shares of that Liquidity Pool, an LP token. Each DynaSet will have its own LP token. There are a number of LP tokens representing the assets held in the Liquidity Pool. As the pool grows by earning interest (in the manner described in the next section), the value of each token goes up, benefiting the holders of LP tokens.
Decentralized short Positions
All financial trades aim to buy low and sell high. Singularitydao.ai more familiar form (a ‘long’ position) involves first buying an asset first, and later selling it. A short position does the same thing backwards: sells first and buys later. As we’re still aiming to buy low and sell high, this amounts to a bet that the value of an asset will fall. To sell something that you haven’t bought yet requires someone else to temporarily loan it to you, or loan you collateral.
SingularityDAO includes a DeFi version of this instrument: the liquidity pool lends crypto assets to DAMs so they can sell assets on credit, creating short positions in an entirely decentralized way. Then, when the DAM closes the short position, it pays the crypto it has borrowed back to the liquidity pool (at, they would hope, a now reduced price).
The Singularitydao.ai allows users to vote on proposals using liquid democracy, also known as delegative democracy. In effect, this means users can vote directly on proposals, or take a more hands-off approach by delegating their tokens’ voting power to someone else to vote for them. The DAO will control, in a democratic way, which DynaSets are on the platform. It will also have the power to make changes to the economic variables and protocols of the platform.
Proposals can be tabled only by the Foundation at first, with this power being decentralized to the community of token holders later. For more information about SingularityDAO Governance and its mechanics, they invite you to read the SingularityDAO Governance Whitepaper available on singularitydao.ai.
AI-powered portfolio for DeFi
Singularitydao.ai Each DynaSet holds a diversified set of tokens bundled together in a ratio dynamically adjusted by AI.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.