In a groundbreaking move, altcoin LeverFi has announced a strategic collaboration with tech giant Microsoft to lead the development and launch of cutting-edge AI-powered decentralized finance solutions. The joint venture aims to reduce user complexity and improve portfolio management by leveraging cutting-edge Microsoft Azure OpenAI Service, a leading platform known for its rapid machine learning capabilities and comprehensive data analytics. Here are the details…
Altcoin partners with tech giant Microsoft
The decentralized finance (DeFi) space has been grappling with a number of significant challenges recently, including a series of security breaches that resulted in about $480 million in losses in the first half of 2023, as reported by Peckshield. In addition, inadequate risk management strategies and cumbersome manual execution processes have exacerbated the challenges faced by the industry, deterring both existing and potential users from fully participating in DeFi protocols. The inherent complexities and risks associated with DeFi have eroded trust among existing users, creating a formidable barrier for newcomers looking to enter the DeFi landscape.
To break these barriers and revolutionize the DeFi industry, altcoin LeverFi and Microsoft introduced “Morpheus”. Functioning as an advanced artificial intelligence portfolio management assistant, Morpheus is preparing to guide both experienced and novice users in the complex and fragmented world of DeFi. This innovative tool will provide invaluable insights into portfolio management and real-time on-chain monitoring driven by intuitive machine learning algorithms that can quickly detect and respond to market anomalies.
Inspired by The Matrix!
Inspired by the iconic Matrix Trilogy, where Morpheus guides Neo to uncover reality from the virtual world, this platform aims to protect users from common pitfalls and protocol-related risks. By doing so, it aims to unlock the full potential and benefits of the DeFi ecosystem. Morpheus is powered by two core AI engines, one dedicated to protocols and the other to user wallets. The protocol engine is designed to scan and monitor DeFi protocols and immediately protects users in case of vulnerabilities or protocol risks.
Meanwhile, the user engine helps monitor portfolio positions and respond instantly to adverse market conditions, minimizing potential loss scenarios. The synergy between these two AI engines gives users unprecedented control and confidence as they navigate the dynamic environment of DeFi. In parallel with the Morpheus project, LeverFi and Microsoft are also launching ambitious initiatives on asset tokenization, real-world asset integration, and on-chain/off-chain reconciliations. With continued efforts and a determined commitment to innovation in Hong Kong, these collaborations aim to push the industry further by expanding the frontiers of the DeFi industry and facilitating greater accessibility to its benefits.
LEVER price jumps
LeverFi continues to emerge as a pioneer in the DeFi arena, constantly delivering innovative solutions to empower its users. Meanwhile, with the Microsoft partnership, the coin’s value jumped close to 10 percent. The 24-hour volume of the coin rose 162 percent. The price went up from $0.001291 to $0.00154.
