AI-powered DeFi platform secures $10M investment with upcoming DAO

NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem.

The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds , with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.

In addition to the security dimension, the ever-growing DeFi and trading landscape requires advanced solutions for traders who do not want to miss out on immediate investment opportunities. Cutting-edge technologies such as artificial intelligence (AI) , neural networks and deep learning emerge as fruitful prospects in decentralized trading.

Neural networks meet DeFi

NFA Labs is a decentralized hedge fund and decentralized autonomous organization (DAO) that utilizes AI technologies like neural networks and deep learning to develop advanced trading strategies. By combining training and trading components, it promotes a transparent, educational and community-focused platform.

The platform aims to bring professionalism and safety of the real-world markets to DeFi, taking it to the next level and fostering worldwide DeFi adoption .

NFA Labs recently joined forces with Quantix Capital, an investment fund and asset management firm. As part of the partnership, Quantix Capital committed a $10 million investment in NFA Labs. The investment will further improve the NFA platform and expand its global reach, helping NFA Labs achieve its mission of providing accessible, unbiased and informative resources to cryptocurrency traders.

📣 Quantix Capital x NFAI

We are thrilled to announce our Strategic Partnership with @nfalabs , pioneering the first decentralized crypto hedge fund experience using the power of neutral net technology to automate leverage trading decisions for users navigating this ever-evolving… pic.twitter.com/fjBW7Qzm9r

— Quantix Capital (@QuantixCapital) April 16, 2024

NFA Labs’ platform comprises two pillars: Athena and Hecate. The backbone of the ecosystem, Making nearly $100,000 in profits in one week’s time during the month of March with AI trading, Athena introduces algorithms that combine quantitative and qualitative trading strategies . The algorithms optimize investment decisions and allow for constant uptime on AI-driven trades.

The other pillar, Hecate, acts as a DeFi insurance that protects users against hacks and rug pulls. N token is at the heart of this insurance mechanism. Users who stake N tokens get access to funds in case of hacks or rug pulls .

Hecate’s fully operational staking module will also allow users to participate directly in DAO governance, fostering a collaborative and inclusive financial environment. DAObox is assisting NFA Labs in creating a complete DAO that will vest governance power in the community.

Advancing DeFi with AI and community

NFA Labs launched Athena GPT last year as part of the Not Financial Advice (NFA) ecosystem. The DeFi trading platform features powerful AI tools and functions as a learning entity, helping users reap profits on multiple tokens. The profits are then distributed to the staking pools while users are rewarded with buybacks, burns and staking modules, benefitting both the ecosystem and its users.

NFA Labs creates a dynamic ecosystem that merges high returns, liquidity and risk mitigation. Source: NFA Labs

The next step in the ecosystem’s roadmap will be the launch of its DAO, which will grant NFAi tokenholders the ability to vote on project decisions within the ecosystem. NFAi owners will then have a voice in change proposals — for example, regarding how the tools should be used and the future of the protocol in general. Bumba, managing director of NFA Labs, commented on their vision:

“Our vision for the future of DeFi is one that can stand alongside the world markets as a proper alternative in safety, security, information, education and investment. We are striving to ensure that the future of crypto and blockchain technologies is one that allows opportunity for all.”

In an industry that has witnessed increasing threats from hacks and rug pulls, NFA Labs stands out with its commitment to safety and community-focused governance. By integrating AI-driven trading with DeFi insurance mechanisms, the platform addresses both the need for advanced trading solutions and robust protection against fraud.