Unlike the normal financial world where bankers, traders and markets fall asleep, DeFi never rests or takes a break. Over the course of a 24-hour business day, countless decentralized financial platforms around the world stay online and work tirelessly. But because we pathetic humans need to feed ourselves, in today’s CyberFi review we’ll show you how to stay online at all times in the realm of DeFi, even when you’re sleeping.
Decentralized finance is a very active sector, as millions of people are accessing it every second and the market can make huge movements with a single click. DeFi users must have the utmost concentration and a near-perfect touch to maximize their profits. CyberFi is here to make life easier for the DeFi enthusiast – or even the casual user – with automation tools that will be your ally.
Not too long ago, automating a program was an absolute nightmare, and you could forget about it unless you were an MIT engineer. But CyberFi makes it much easier, as it can combine a variety of DeFi protocols with its intelligent automation tools to seamlessly balance your transactions. So, is CyberFi really ideal for decentralized finance, or is it an idea too far removed from cyberpunk fantasy? Well, read our CyberFi review for more information.
What is CyberFi?
CyberFi claims to be the first ITAP, or intelligent trading and automation platform, specifically designed to offer automation tools to the DeFi industry. In essence, CyberFi is the culmination of combining several services into one platform: a decentralized exchange platform, DeFi’s intelligent strategy and service automation system, and a multi-chain layer to connect and automate DeFi’s multi-chain solutions.
Their goal is to automate some of the tedious manual work that must be done in decentralized finance, such as laboriously searching for the right trades or executing a series of complex strategies. Other challenges CyberFi aims to address include improving the end-user experience, lowering the barrier to entry for anyone wanting to participate in WiFi, avoiding excessive user fees and maximizing return on investment.
By using CyberFi’s easy-to-use DeFi platform to connect their tools to a wide range of compatible and popular services, they hope to provide a low-stress, low-cost trading experience with minimal downtime, enhanced returns and volatile loss mitigation. CyberFi was founded and is led by a team with extensive experience in the cryptocurrency and financial sectors – Heralt (CEO), Igor Sokolov (CTO) and Darius Gracius (CMO).
What are the main features of CyberFi?
The ability to automate tasks has been a major catalyst for the exponential growth we have experienced since the first industrial revolution. In the financial world, institutionalized and centralized services such as CEXs (Centralized Exchanges) have long been able to integrate such automation tools and practices. However, this automated optimization still needs to be developed within DeFi, especially for fully decentralized exchanges (DEX) that are not order book based.
As part of its mission to automate the DeFi, CyberFi is simultaneously focusing on several key areas to enable a better overall user experience and provide more options. Here are some for our CyberFi magazine:
CyberFi will build its own trading platform using automated solutions to improve the speed, reliability, security and economics of regular centralized trading on the DEX and liquidity platforms. In other words: CyberFi wants to minimize the manual work required to negotiate on DeFi without allowing too much latency. You will quickly develop a credit where you can control and manage your credit activities.
You can use price triggers, limits and other settings to let CyberFi tools automate your trading and minimize the risk of high DeFi volatility. They are also working on a way to provide users with analytical data models to better support their business decisions. There are several ways this all works and how it can affect how you use CyberFi’s automated tools to trade in a fully decentralized space. Here are some examples from our CyberFi test:
1. Automatic execution of orders based on PDI and BTV
When trading on DEX’s liquidity pools – such as Uniswap – the user must manually enter data to enter or exit a position, and the trade can only be executed based on the market price. With CyberFi, traders can now use a tool called Price Deviation Indicators or PDI. Based on price data provided by safe oracles, traders can simulate the effect of limit orders on conventional exchanges, but it is replicated to work with a liquidity pool.
It will initially be integrated into Uniswap, but will later be extended to other decentralized exchanges. The next major update to the CyberFi trading system will introduce Best Trading Value (BTV) to autonomously search multiple DEX price channels to find the best price for a given asset, as well as the exchange with the lowest fees. In general, DeFi dealers can have more automated tools and controls with CyberFi’s implementation of the PDI and BTV models.
2. PDICS for highly volatile assets
As you can see from some of the DeFi crop results, there are many highly volatile assets. These chips can skyrocket in value in an instant or drop to losses in the double digits. To minimize business risks in this area, CyberFi has developed an additional tool called PDICS (PDI Change Speed). This is built into the automated smart orders, as explained earlier.
Essentially, a trader can set the parameters of a trade based on a price or percentage change over time and then execute a trade on that asset using the CyberFi PDICS tool. For example, if a chip has fallen by a certain percentage in a certain amount of time, a trader can plan an order to sell a certain number of chips in a few profitable trades.
By connecting to another DeFi protocol, you can use CyberFi’s automation tools to configure, manage and perform highly complex actions for popular services such as farming, cash stacking, cash pools and LP tokens. You can automate processes such as removing or adding liquidity based on price and market movements, setting price triggers, releasing stacking pools and more based on user-defined parameters with an easy-to-use visual programming interface.
Essentially, traders can practice the set and forget trading process to manage multiple investments and strategies simultaneously without much stress or time spent on manual monitoring. There are several ways that CyberFi can manage this multi-protocol automation as efficiently as possible. Here are some examples of the technologies used by CyberFi:
1. Loss of divergence control
DeFi remains a very risky landscape to traverse – especially for inexperienced users – as it contains a large number of highly volatile assets. For example, harvest projects and liquidity pools with high APYs can attract a slew of new users, who then spiral into inflation and end up with significantly lower prices and revenues. CyberFi can help reduce this risk by automating entry and exit points to maximize trader profits.
As we discussed in our review of CyberFi’s trading platform, they also use similar PDI and BTV models in their automation tools. CyberFi’s automation suite helps traders perform complex data calculations on their price baskets and determine the best automated orders for a given trade, thus reducing the risk of large price spreads or erratic losses when using risky farming strategies.
2. DeFi automation standardization
Another integral part of CyberFi’s intelligent automation platform is the creation of DeFi’s automation standardization, or DeFiAS. Since WiFi is currently in a young, unregulated and experimental phase, its rapid growth suffers from extreme fragmentation. CyberFi’s DeFiAS allows merchants to execute contracts through specific tests. This allows CyberFi to standardize the
event map across the DeFi landscape and conduct security audits and reviews to protect merchants from potential fraud or security breaches.
One of the main advantages of CyberFi is that the automation tools are designed for smooth operation of the various devices. So you can use their systems to automatically create and execute cross-chain events. Since most DeFi projects are run on Ethereum, CyberFi aims to break the barriers of limited interoperability and allow merchants to maximize their sales and access multiple different DeFi protocols on the non-Ethereum blockchain.
This allows users to automate the process of sending tokens to and from different channels. For example, you need to transfer tokens from Ethereum to the Binance, Cosmos, Solana, Polkadot, Tron, etc. smart chains. Another example is to allow CyberFi’s native crypto currency holders to transport these tokens on a separate network. Finally, CyberFi will upgrade its multi-chain automation tools to work with more advanced services, such as cross-chain liquidity scanning.
What is Samurai from CyberFi?
We can’t continue our review of CyberFi without talking about another new release from CyberFi, Samurai. Samurai by CyberFi, first announced in early March 2021, is a decentralized crowdfunding platform for promising blockchain and crypto-currency projects. With Samurai’s Launchpad, developers can efficiently raise capital by leveraging CyberFi’s built-in versatile interoperability and automation tools.
This includes projects that can track DeFi space, NFT, Layer2 scaling implementations and more. Another important part of Samurai is the Stackpad, where new projects can avoid the hassle of listing on DEX and immediately open stacking pools and liquidity replication services on Samurai CyberFi after a successful launch. CyberFi also integrates new scaling solutions into Samurai to help reduce network congestion and gas costs.
What are CyberFi crypto currency tokens?
The CyberFi platform’s own currency is the CFi, which behaves like a utility and control token. In terms of governance, CFi token holders will be able to participate in decision-making on the platform, make suggestions for new updates or additions, and vote on new changes. As a utility fuel, the CFi is mainly used to cover the gas (transaction) costs that arise from the automation of trading processes.
This extends to payments for access to automation tools for multi-channel applications and discounts. In addition, CFi token holders have access to certain exclusive products and tools on CyberFi that can only be paid for with CFi. As for the operation of the platform, 80% of all fees collected (collected as CFi or exchanged with other tokens) will be returned to the community and the remaining 20% will be used as a source of revenue for CyberFi.
CyberFi CFi token
At the time of writing this article on CyberFi, the price of the CFi token was $39.83, according to CoinMarketCap. Two token sales were completed in late 2020. The first was the Alpha round, which took place on November 5, selling 350,000 CFi tokens at $0.50 per token, raising $175,000. The second public sale took place on the 11th. November, where 450,000 CFi tokens were sold at $0.60 per token, raising an additional $270,000 for CyberFi.
As of now, you can buy CFi tokens through the decentralized Uniswap exchange. The total stock identified by CyberFi is 2,400,000 CFi and is distributed through it:
800,000 CFi sold on the Alpha and Cyber public tokens.
500,000 CFE to strategic partners and investors
300,000 CFE to cover development costs
250,000 CFi belonging to the team
300,000 for marketing and community development
200,000 CFE to cover LP and tender premiums
50,000 CFi will be allocated to the CyberFi program for mining transactions.
Another way to earn more with CyberFi is to create CFi tokens. You can currently choose to bet CFi or CFi/ETH LP chips on CyberFi, and the pool rates will remain open for deposits for 60 days starting with this CyberFi review. To date, over 443,654,2942 CFi tokens with a total value of over $17.5 million have been added to the CFi pool. Meanwhile, the CFi/ETH LP phase has so far generated 6,925,7712 tokens worth more than $4.3 million.
What are the future updates to the CyberFi roadmap?
At the time of writing this CyberFi review, we discovered that most of their trading and automation tools are still in beta. CyberFi is one of the new projects that have recently joined the DeFi space, with its first private alpha launch in October 2020. This was followed by the phased rollout of KeFiK’s trading platform, automation tools and cryptocurrencies in November and December 2020.
Their roadmap for 2021 will mostly be about the public release of their automation tools. In March 2021, CyberFi targeted the release of a beta version of its multi-channel automation suite. Their trading platform will be launched in the first quarter of 2021, along with the full integration of TVB models to complement IPD, which has been in testing since late 2020. CyberFi’s Q2 2021 will mark a push into NFTs (unintelligible tokens) with their trading and automation services.
CyberFi is also planning a public release of its liquidity pools and farm automation tools here. By the third quarter of 2021, CyberFi hopes to take its multi-channel automation tools from the beta phase to a fully public phase. CyberFi will then close out the year in Q4 with a major public event where all the automation tools and platform offerings will be available.
CyberFiti Overview – Output
For now, we can safely conclude our CyberFi test by answering the question we posed at the beginning. Is CyberFi the ideal solution for the DeFi world, and will decentralized finance see the need for its automation tools? Although CyberFi is still in its infancy and has yet to show what it can do, we think the prospects are promising. As clever as DeFi sounds, there’s still a lot of work to do to make it truly attractive.
For some people, DeFi can be an annoying and frightening place, as you may lose control or not be able to optimize your investments and trades. Compared to the efficiencies perfected over decades in traditional finance, DeFi has a lot of catching up to do. In our CyberFi review, we noted that CyberFi is working hard to lay the groundwork for a new natural evolution of decentralized finance – perhaps DeFi 2.0?
Imagine if decentralized finance were easy to use – even for the average person who has never traded in their life – if it were highly secure to inspire trust among users, if it allowed traders to eliminate as much risk as possible while still maximizing their profits, and if it avoided all those sleepless nights. CyberFi is more than automation software, because it opens a window into the future of what DeFi could be in the years to come, applied to today.
The innovative automation design is easily compatible with most DeFi protocols available on the market, such as. B. DEX, compatible.
The trading platform allows for quick and easy automation (e.g. setting price targets for automatic trade execution) to maximize profits.
The automation tools are designed to be compatible with other blockchains.
Integrated tools to address the risks (price mismatch, volatile losses) of highly volatile assets.
The project is essentially still in the beta phase and could be threatened by competition from other automation platforms.