CyberFi is a decentralized, automated investment platform that provides an alternative to the traditional financial system. The company aims to provide users with a safe and secure way to invest in cryptocurrencies and other digital assets.
CyberFi is a decentralized platform that allows users to trade without the need for intermediaries. The platform uses Artificial Intelligence and Machine Learning algorithms to provide automated trading services.
Unlike the traditional financial sector, where bankers, traders, and markets slumber, DeFi never sleeps and never takes a break. Countless decentralized financial systems remain online all around the globe for every single one of a day’s 24 hours as they go to work. But, since we mere humans have a need for nourishment, today’s CyberFi review will show you how to constantly remain connected in the DeFi world, even when you’re sleeping.
Decentralized finance is a highly active industry, with tens of millions of dollars flowing in every second and the market capable of enormous swings in a single blip. In order for DeFi users to earn the maximum money possible, they must have a high level of focus and near-perfect dexterity. With its automation tools to be your wingman, CyberFi is here to make the life of a committed DeFi fan – or simply your average user – a whole lot simpler.
Attempting to automate a piece of software was formerly a complete headache, and unless you’re an MIT engineer, you can forget about it. But CyberFi makes it a lot simpler by allowing you to connect your equipment to a large variety of DeFi protocols for intelligent automation that balances out your transactions smoothly. So, is CyberFi a good match for decentralized banking, or is it just a far-fetched notion in the cyberpunk fantasy? To learn more, continue reading our CyberFi review.
What Exactly Is CyberFi?
CyberFi claims to be the first ITAP (intelligent trading and automation platform) developed especially for the DeFi industry. CyberFi is a decentralized trading platform, an intelligent automation system for DeFi strategies and services, and a cross-chain layer that connects and automates multichain DeFi solutions.
Their aim is to automate some of the most time-consuming manual tasks associated with decentralized finance, such as spending a lot of time and effort getting transactions correct or executing a number of complicated strategies. Other issues in the DeFi sector that CyberFi hopes to assist address include enhancing the end-user experience, lowering the barrier to entry for anybody interested in DeFi, avoiding consumers having to overpay for fees, and maximizing the ROI to the greatest extent feasible.
They aim to provide a no-stress trading experience with cheap costs, minimum downtime, increased profits, and the mitigation of temporary loss using CyberFi’s user-friendly DeFi platform, which can plug its tools into a wide variety of suitable and popular services. CyberFi was established and is led by Geralt (CEO), Igor Sokolov (CTO), and Darius Greicius, all of whom have extensive expertise in the cryptocurrency and banking sectors (CMO).
What Are the Key Features of CyberFi?
The ability to automate activities has been a key driver of exponential development since the beginning of the Industrial Revolution. For a long time, institutionalized and centralized financial institutions like CEXs (centralized exchanges) have been able to incorporate such automated tools and processes. However, with DeFi, this automatic streamlining has yet to take hold, particularly for fully decentralized exchanges (DEX) that don’t use order books.
CyberFi is concentrating on a few important areas at a time in order to provide the greatest overall user experience and provide more choices for its customers as part of its goal to assist introduce automation to DeFi. For our CyberFi review, here are a few:
CyberFi plans to develop its own trading platform, using its automated solutions to provide the speed, reliability, security, and cost-effectiveness of traditional centralized exchanges to DEXs and liquidity platforms. In other words, CyberFi wants to minimize the amount of human work required for trading on DeFi as much as possible while minimizing latency. They want to extend this into lending in the near future, allowing you to track and control your lending activities.
You may utilize price triggers, limits, and other settings to automate your trading and reduce the danger of DeFi’s extreme volatility using CyberFi’s tools. They’re also working on methods to offer users with data analytics models so they can make better trading choices. There are a couple different ways to look at how this all works and how it may affect how you utilize CyberFi’s automatic trading capabilities in a fully decentralized environment. For our CyberFi review, here are some examples:
1. Order execution based on PDI and BTV automatically
When trading on liquidity pool DEXs, such as Uniswap, the user must enter or leave a position manually, and the transaction can only be completed depending on the market price. Traders may now utilize a technique called “Price Divergence Indicators,” or PDI, with CyberFi. It enables traders to imitate the behavior of price’limit orders’ on conventional exchanges, but replicated to operate with a liquidity pool, using pricing data provided by secure oracles.
This will be implemented initially on Uniswap, but it will eventually be expanded to other decentralized exchanges. The next significant upgrade to CyberFi’s trading system will use ‘Best Trade Value,’ or BTV, to automatically scan across several DEXs’ price feeds to determine the best price for a given asset and which exchange will have the lowest costs. Overall, traders utilizing DeFi protocols will benefit from CyberFi’s adoption of PDI and BTV models, which will provide them with more automated tools and controls.
2. PDICS For High-Volatility Assets
There are a lot of extremely variable assets, as we can observe in certain DeFi yield farming services. Within seconds, the value of these tokens may skyrocket or fall to double-digit losses. CyberFi has developed a new tool called PDICS, or PDI Change Speed, to assist reduce the dangers of trading in this market. As previously said, this will be incorporated into automated smart ordering.
Essentially, a trader may use CyberFi’s PDICS tool to establish criteria for a trade based on price or percentage change over time, and then execute against that asset. For instance, if a token has fallen by a certain percentage in a certain period of time, the trader may put in a sell order for a certain number of said tokens into a trading pair to profit.
You may utilize CyberFi’s automation capabilities to modify, manage, and perform extremely complicated operations for popular services like yield farming, liquidity staking, liquidity pools, and LP tokens when connected to another DeFi protocol. You may utilize an easy-to-use visual programming interface to automate operations such as withdrawing or increasing liquidity based on price and market movements, setting price triggers, exiting staking pools, and more.
Essentially, traders may use a “set it and forget it” trading process to handle many assets and strategies at once without experiencing undue stress or having to spend a significant amount of time constantly monitoring them. CyberFi handles this multi-protocol automation in a few methods that are as efficient as feasible. Here are a few instances of CyberFi’s technology:
1. Mitigation of Divergence Losses
Because it includes a huge number of extremely volatile assets, DeFi remains a very hazardous environment to navigate – particularly for novice users. Yield farming initiatives and liquidity pools, for example, may attract a swarm of new users with high APY yearly returns, trapping users in an inflation cycle and leaving them with drastically decreased prices and earnings. CyberFi will assist to minimize this risk by automating entry and exit points so that a trader’s earnings are maximized.
As we saw in our CyberFi study, CyberFi uses comparable PDI and BTV models in its automation tools, as we mentioned in our evaluation of their trading platform. When dabbling in extremely hazardous yield farming methods, CyberFi’s automation kit will assist traders with complicated data computations via its price feeds and set up the optimal Automatic Orders for a specific transaction to reduce the chance of large price divergences or temporary losses.
2. Standardization of DeFi Automation
The development of ‘DeFi Automation Standardisation,’ or DeFiAS, is another important part of CyberFi’s intelligent automation platform. DeFi’s fast development is hampered by severe fragmentation since it is still new, uncontrolled, and experimental. Traders may use CyberFi’s DeFiAS to put contracts through specific tests, allowing CyberFi to create an event map of the DeFi landscape and conduct audits and security checks to protect traders from possible frauds or security vulnerabilities.
Cross-Chain Automation is a term that refers to the automation of several processes
CyberFi’s automation technologies have been built to operate smoothly across several blockchains, which is a significant benefit. As a result, you may utilize their systems to automatically generate and execute cross-chain events. Because the majority of DeFi projects are hosted on Ethereum, CyberFi aims to break through the barriers of restricted interoperability, allowing its traders to optimize their profits and exposure to various DeFi protocols across non-Ethereum blockchains.
Users will be able to automate the process of transferring tokens from one blockchain to another. Needing to transfer tokens from Ethereum to Binance Smart Chain, Cosmos, Solana, Polkadot, Tron, and other platforms, for example. Another example is the ability for holders of CyberFi’s native CFi coin to transfer their tokens to an other network. CyberFi plans to improve its multichain automation tools in the future to provide more sophisticated services like cross-chain liquidity mining.
What Is CyberFi’s Samurai?
We can’t go on with our CyberFi review without talking about Samurai, another new feature in CyberFi. Samurai by CyberFi is a decentralized financing platform for up-and-coming blockchain and cryptocurrency projects that was first launched in early March 2021. Developers may raise money quickly and easily using Samurai’s Launchpad, thanks to CyberFi’s built-in cross-chain interoperability and automation capabilities.
This covers efforts pursuing the DeFi space, NFTs, and Layer2 scaling solutions, among other things. Another key feature of Samurai is the Stakepad, which allows new projects to bypass the bother of listing on DEXs and instead use CyberFi’s Samurai to instantly establish staking pools and liquidity farming services after a successful launch. In addition, CyberFi will incorporate new scaling technologies into Samurai to assist with network congestion and gas fees.
What Are CFi Cryptocurrency Tokens From CyberFi?
The CyberFi platform’s native currency is CFi, which serves as both a utility and a governance token. Holders of CFi tokens will be able to participate in the platform’s decision-making process, submit ideas for new improvements or additions, and vote on new modifications. CFi is primarily utilized as a utility token to pay gas (transaction) costs generated by its trading automation systems.
Payments are also required to get access to automation tools for multichain projects and to receive discounts. Aside from that, users of CFi tokens have access to some unique CyberFi goods and tools that can only be purchased with CFi. When it comes to operating the platform, 80 percent of all fees (whether collected in CFi or swapped from other currencies) will go back to the community, with the remaining 20% going to CyberFi as an income source.
CyberFi’s CFi Tokens and Their Tokenomics
According to CoinMarketCap statistics, a single CFi coin is worth $39.83 at the time of writing this CyberFi review. In late 2020, two token sales were conducted. The first was the ‘Alpha’ round, which raised $175,000 by selling 350,000 CFi tokens for $0.50 each on November 5th. The second public sale, the ‘Cyber’ Round, took place on November 11th, and raised additional $270,000 for CyberFi by selling 450,000 CFi tokens for $0.60 each.
CFi coins are now available for purchase on the Uniswap decentralized market. CyberFi has set a total supply limit of 2,400,000 CFi, which will be dispersed via the following channels:
- In the public token sales for ‘Alpha’ and ‘Cyber,’ 800,000 CFi were sold.
- Strategic partners and investors will get a total of 500,000 CFi.
- 300,000 CFi will be used to pay development expenses.
- The squad owns 250,000 CFi.
- 300,000 for marketing and community outreach
- Covering the LP and staking incentives will get you 200,000 CFi.
- CyberFi’s transaction mining program has been awarded 50,000 CFi.
Staking your CFi tokens is another method to increase your earnings with CyberFi. CyberFi now allows users to stake CFi or CFi/ETH LP tokens, and the staking pools are accepting deposits for the next 60 days as of this CyberFi review. The CFi staking pool now has over 443,654.2942 CFi tokens staked, valued over $17.5 million. Meanwhile, the CFi/ETH LP staking pool has 6,925.7712 tokens staked, valued at almost $4.3 million at the time of writing.
What Are the Future CyberFi Roadmap Updates?
We discovered that most of CyberFi’s trading and automation features are still in beta at the time of writing this CyberFi review. Following their first alpha-stage private deployment in October 2020, CyberFi is one of the more recent initiatives to enter the DeFi market. In November and December of 2020, the company will gradually roll out its trading platform, automation tools, and CFi coins.
The public release of their automation tools will be at the top of their agenda for 2021. CyberFi plans to release the beta version of its multichain automation kit in March 2021. The trading platform will be launched in Q1 2021, along with complete integration of BTV models to support PDI, which has been under testing since late 2020. Along with its trading and automation services, CyberFi’s Q2 of 2021 will mark a move into non-fungible tokens (NFTs).
CyberFi will also be releasing its liquidity pools and farming automation tools to the public at this event. CyberFi’s multichain automation toolkits will ideally be released from beta and into a fully operational stage for general usage in Q3 of 2021. In Q4, CyberFi will conclude the year with a big public launch event, during which all of its automation tools and platform services will be made accessible.
Conclusion of the CyberFi Review
So far, we can confidently finish our CyberFi review by responding to the question we asked at the start. Is CyberFi a good fit for DeFi, and will decentralized finance ever recognize the value in its automation tools? While CyberFi is still in its infancy and has yet to demonstrate its full capabilities, we think they have a lot of potential in the future. Even while DeFi seems to be clever, there is still a lot of work to be done to make it really engaging.
DeFi may be a tiring and frightening place for some people, as they are left with little control or no ability to further maximize their investments and trade. DeFi still has a long way to go when it comes to the efficiencies that have been honed over decades in the conventional banking sector. In our CyberFi review, we discovered that CyberFi is hard at work laying the groundwork for a new and natural development of decentralized finance – maybe a DeFi 2.0?
Imagine if decentralized finance could be simple to use – even by the standards of the ordinary joe who has never traded before – and extremely secure, instilling trust in its users, allowing traders to eliminate as much risk as possible while still maximizing earnings, and reducing restless nights. CyberFi is more than simply a piece of automation software; it’s a glimpse at what DeFi could look like in the future, carried forward to the present.
Review of Cyberfi
- Values of the Project
- Model of Tokenomics
- Sustainability in the Long Run
- Most DeFi protocols on the market, such as DEXs, are readily compatible with the unique design of automation tools.
- To enable for maximum profitability, the trading platform provides for fast and simple automation (such as establishing price goals to automatically execute transactions).
- Interoperability has been included into automation tools so that they can work with different blockchains.
- Built-in measures to assist mitigate the risks presented by high-volatility assets (price divergences, temporary losses).
- The idea is still in its early stages, and it may face competition from other automation systems.
CyberFi is a decentralized automated deFi, intelligent trading platform that provides an ecosystem for crypto traders and investors. It has been created with the aim of creating a new paradigm of financial transactions by integrating blockchain technology into the existing financial system. Reference: cyberfi news.
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