What is the problem?
Significant UX challenges exist in the DeFi ecosystem:
- Wallet Friction: Managing multiple wallets across ecosystems creates a frustrating experience.
- Complexity Overload: Users struggle with understanding protocols and navigating multiple interfaces.
- Missed Opportunities: Fast-moving markets mean users miss potential returns without constant monitoring of balances, farms, and social media. Creating burnout and extra risk.
- Lack of Automation: Manual management leads to increased risk and suboptimal returns.
- High Technical Barriers: DeFi interaction requires long tail risk management knowledge that is not common for users and often borders on technical use (staking LP tokens and other novel mechanics).
Why are we solving it? How does it help ShapeShift users or DAO? Why does it matter?
Creating an onchain copilot supports our mission:
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"The world's borderless financial system shall stand on open, uncensorable, decentralized protocols. We shall be the pathway into this borderless financial system."
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For users:
- Reduces friction for new and experienced users
- Creates intuitive DeFi that doesn't require deep protocol knowledge, deep risk management experience, or other complexities.
- Enables portfolio automation, maximizing returns
- Saves time
For the DAO:
- Positions ShapeShift as an innovator at the intersection of AI and DeFi
- Creates sustainable growth beyond swaps aggregation
- Diversifies revenue streams and establishes a foundation for future innovation