CoinMarketCap has announced the selection of Aperture Finance as an incubatee of its CMC Labs accelerator program.
CoinMarketCap, the Home of Crypto, has selected Aperture Finance as an incubatee in the CMC Labs accelerator program. This strategic partnership will provide Aperture Finance with valuable guidance, resources, and exposure as it continues exploring ways to integrate AI into DeFi applications.
Aperture Finance is innovating the use of Intents, a novel approach designed to streamline complex DeFi operations. Unlike traditional transactional methods, Intents allow users to specify their desired outcomes, simplifying interactions with DeFi protocols and enhancing accessibility. This innovative system leverages Uniswap V3, enabling users to declare end goals, such as liquidity rebalancing at specific price points, with transactions executed only when these conditions are met. The platform is already live on 9 EVM-compatible chains, processing a transaction volume exceeding $2.7 billion with 280,000+ unique users and 15k+ daily active users.
The platform's decentralized network of solvers calculates optimal transaction flows, which are then simulated and ranked by Aperture's smart contracts. Initially launching with a centralized solver, the network has expanded to third-party solvers including Propeller Heads and Enso Finance with other solvers like Tokka Labs set to join in Q3 2024.
Aperture plans to further leverage its Large Language Model (LLM) interface that will convert user intents expressed in natural language into a domain-specific language (DSL) that can be codified on-chain. This feature aims to ensure clarity and precision in user instructions, further democratizing access to complex financial instruments.
By joining CMC Labs, Aperture Finance will receive mentorship from CoinMarketCap's experts and access to the platform's extensive industry data and analysis. They will also get an opportunity to connect with leading crypto projects and investors. Most significantly, the accelerator will amplify Aperture Finance's solutions across CoinMarketCap's massive platform of over 64 million daily active crypto users worldwide.
"We are excited to welcome Aperture Finance into the CMC Labs program," said Rush Luton, CEO of CoinMarketCap. “Their pioneering use of AI in the DeFi space perfectly aligns with our goal of driving emerging technologies forward. We look forward to providing strategic support to help Aperture achieve its full potential."
“Aperture Finance is committed to reducing the learning curve in DeFi and providing more strategic options for our users,” said Peter Tan, Head of Product at Aperture Finance. “Our goal is to offer the same level of execution and pricing typically reserved for large institutions, making DeFi more inclusive and effective.”
CMC Labs offers an expanded reach to an audience of over 64 million daily active users on CMC. It also delivers educational initiatives and fosters connectivity with an invaluable collaborator network consisting of partners such as: Polygon, Avalanche, BNB Chain, Gaimin, Galaxis, and GSR. Further details are available on the CMC Labs website.
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