Is CeDeFiAi the missing link for seamless DeFi and CeFi interaction? Read AMA recap

A new player in the crypto space, CeDeFiAi, is making waves with its focus on user privacy and all-encompassing features. This "world’s first noncustodial CeDeFi aggregator" offers a centralized view of DeFi and CeFi holdings, prioritizing security and ease of use.

“Uber for crypto,” as Tony Batalin described his CeDeFiAi project during the recent Cointelegraph AMA. “You don’t have to constantly switch between websites when you can see all your assets in one place in real-time.”

AMA: Discover https://t.co/2cwYOpWu4j – The Future of Crypto Asset Management https://t.co/gacQuml3Ec

— Cointelegraph (@Cointelegraph) March 6, 2024

Positioning itself as “the world’s first noncustodial CeDeFi aggregator,” the platform focuses on creating a Web3 protocol that aggregates data from various DeFi protocols, exchanges, and platforms into one user-friendly interface while prioritizing user privacy. It uses Web3 wallets and API integrations to connect users to centralized exchanges without holding their funds.

Batalin, a veteran crypto trader, noticed the lack of advanced tools in the trading space, which inspired him to experiment with testing and building them. He walked through several CeDeFiAi features, such as an aggregated balance dashboard that shows DeFi wallet balances, connected exchange accounts with their assets, and details on investments such as staking and liquidity pools. It also provides a DeFi dashboard where users can track investments across platforms such as PancakeSwap and Venus Protocol. For centralized trading, the platform integrates with various exchanges and will support features like futures and spot trading.

“Currently, we have Binance and BingX exchanges integrated,” Batalin elaborated. “Also 1inch, Compound, Venus Protocol, Trader Joe, QuickSwap on Polygon. We also plan to integrate Axelar core system and Axelar network for cross-chain transactions and communication.”

Unlike traditional Web2 models, CeDeFiAi users’ funds and information are completely controlled by the seed phrases of their wallets. The platform further strengthens security with double encryption, limited access controls, and prioritizes the inherent security benefits of Web3 technology. Batalin emphasized that the team is constantly exploring additional security measures to ensure users’ peace of mind.

Speaking of AI, he noted that existing systems today aren’t capable of fully understanding trader logic. “AI algorithms are only good for finding certain types of anomalies. To improve them, you need real-time data and many data sources, which should not only be DeFi or CeFi, but also take into account social engagement, news and other information to make more accurate predictions,” he said. For now, AI is being implemented in CeDeFiAi to support chat, educational assistance, basic trading strategies and calculators.

The platform operates on a software-as-a-service model, which means it requires a monthly subscription fee for access. However, they offer an alternative for CeDeFiAi tokenholders: they can stake and lock their tokens for a period of time to gain free access to the platform.

“I think our project is essential for the industry and for mass adoption in the long run,” Batalin said when speaking about CeDeFiAi’s vision. “We provide a stage for the much smaller DeFi projects. Instead of spending thousands of dollars on the front end, they can integrate directly into our platform and get a stage with the user base already implemented on it. After that, our next step is to become another audit layer for protocols and products, which will solve things like phishing hacks.”