{"id":10836,"date":"2024-02-20T12:10:35","date_gmt":"2024-02-20T10:10:35","guid":{"rendered":"https:\/\/forklog.com\/en\/a-single-interface-for-cefi-and-defi-how-cedefiai-works\/"},"modified":"2024-02-20T12:10:35","modified_gmt":"2024-02-20T10:10:35","slug":"a-single-interface-for-cefi-and-defi-how-cedefiai-works","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/a-single-interface-for-cefi-and-defi-how-cedefiai-works\/","title":{"rendered":"A single interface for CeFi and DeFi: how CeDeFiAi works"},"content":{"rendered":"<p>The <span data-descr=\"Decentralized finance, decentralized finance\" class=\"old_tooltip\">DeFi<\/span> sector continues to grow \u2014 this week total value locked (TVL) <a href=\"https:\/\/defillama.com\/\">exceeded<\/a> $75bn. Yet the lion\u2019s share of trading remains concentrated on <span data-descr=\"Centralized exchange, centralized exchange\" class=\"old_tooltip\">CEX<\/span> such as Binance and Coinbase.<\/p>\n<p><!--more--><\/p>\n<p>Early February saw the start of beta testing for <a class=\"tracking_link\" href=\"https:\/\/cdfi.ai\/\" target=\"_blank\" rel=\"noopener\">CeDeFiAi<\/a>, an app for working with centralized and decentralized services. Here is what the project offers and how it improves the user experience for crypto traders.<\/p>\n<h2 class=\"wp-block-heading\">What is CeDeFiAi and what problems does it solve<\/h2>\n<p>CeDeFiAi is a non-custodial platform for managing cryptoassets across DeFi protocols and both centralized and decentralized exchanges. The developers plan a full launch of the application by the end of February.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite><em>\u201cTo manage and track assets it is often necessary to interact with different user interfaces, numerous tabs and websites. CeDeFiAi is designed as a single platform to solve the problem of fragmentation in cryptocurrency markets,\u201d \u2015 the project team comments.<\/em><\/cite><\/p><\/blockquote>\n<p>The platform offers the following services:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Pro Trade Terminal <\/strong> \u2015 a terminal for configuring orders on CEX via <span data-descr=\"Application Programming Interface, application programming interface\" class=\"old_tooltip\">API<\/span>, either manually or by selecting trading strategies such as DCA;<\/li>\n<li><strong>Multi-Sig Asset Management<\/strong> \u2015 a tool for managing multisig wallets;<strong>\u00a0<\/strong><\/li>\n<li><strong>Investment Aggregator <\/strong> \u2015 an explorer of liquidity pools and other investment tools in DeFi protocols;<\/li>\n<li><strong>Dex Aggregator \u2015 <\/strong>a <span data-descr=\"Decentralized Exchange, decentralized exchange\" class=\"old_tooltip\">DEX<\/span> aggregator;<\/li>\n<li><strong>Crypto Lendings \u2015<\/strong> a service for managing lending DeFi protocols.<\/li>\n<\/ul>\n<p>The developers have issued the CDFi utility token. Holders can stake it and take part in decisions on the development of CeDeFiAi. At the time of publication, the project is distributing CDFi to private investors through closed token sales.<\/p>\n<p>In future, the CeDeFiAi team <a class=\"tracking_link\" href=\"https:\/\/docs.cdfi.ai\/documentation\/introduction\/about-cedefiai\/\" target=\"_blank\" rel=\"noopener\">plans<\/a> to integrate support for AI\u2011based personalised recommendations.<\/p>\n<h2 class=\"wp-block-heading\">Overview of CeDeFiAi\u2019s tools<\/h2>\n<p>To access CeDeFiAI, launch the <a class=\"tracking_link\" href=\"https:\/\/app.cdfi.ai\/\" target=\"_blank\" rel=\"noopener\">app in a browser<\/a> and connect MetaMask, Rabby or WalletConnect.<\/p>\n<p>The home page features a dashboard with an overview of a Web3 wallet\u2019s balance, connected exchanges and DeFi protocols.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"528\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image3-196-1024x528.png\" alt=\"image3-196\" class=\"wp-image-226386\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image3-196-1024x528.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image3-196-300x155.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image3-196-768x396.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image3-196-1536x792.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image3-196.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">CeDeFiAi main dashboard. Source: <a class=\"tracking_link\" href=\"https:\/\/app.cdfi.ai\/\" target=\"_blank\" rel=\"noopener\">CeDeFiAi<\/a>.<\/figcaption><\/figure>\n<p>Clicking <strong>Portfolio<\/strong> opens the <strong>Connection Manager<\/strong> section, where you can add centralized exchanges\u2019 APIs.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-583-1024x468.png\" alt=\"image1-583\" class=\"wp-image-226387\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-583-1024x468.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image1-583-300x137.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-583-768x351.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image1-583-1536x701.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image1-583.png 1912w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Connection Manager interface in CeDeFiAi. Source: <a class=\"tracking_link\" href=\"https:\/\/app.cdfi.ai\/\" target=\"_blank\" rel=\"noopener\">CeDeFiAi<\/a>.<\/figcaption><\/figure>\n<p>During the beta the platform supports only Binance. In due course the developers will add other venues, and users will be able to combine balances across multiple CEXs and trade through a single interface.\u00a0<\/p>\n<p>The <strong>DeFi<\/strong> section offers the following tools:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Lending <\/strong> \u2015 a panel for managing lending DeFi protocols. During the beta, Venus and Compound are available;<\/li>\n<li><strong>Create LP<\/strong> \u2015 a service for adding liquidity to pools on decentralized exchanges such as PancakeSwap;<\/li>\n<li><strong>Bridge CDFi<\/strong> \u2015 a bridge for moving the CDFi token between Ethereum, BNB Chain, Polygon, Arbitrum and other L2 networks;<\/li>\n<li><strong>Swap<\/strong> \u2015 an interface for exchanging assets via the 1inch DEX aggregator;<\/li>\n<li><strong>Investment <\/strong> \u2015 a dashboard with tokens locked in staking.<\/li>\n<\/ul>\n<p>The <strong>CeFi<\/strong> section lets you manage orders on centralized exchanges in two trading modes: Single Pair and Packs. In the first, you select a platform and a single trading pair such as BTC\/USDT; in the second, you create custom \u201cpacks\u201d of trading pairs and switch between them quickly.<\/p>\n<p>To add a pack, click <strong>Add pack<\/strong>, set a name, specify the quote and base cryptocurrencies, and then configure:<\/p>\n<ul class=\"wp-block-list\">\n<li>the trade amount or the total pack amount;<\/li>\n<li>order type (market, limit, signal-based, take-profit and stop-loss);<\/li>\n<li>a DCA strategy.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"467\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-363-1024x467.png\" alt=\"image2-363\" class=\"wp-image-226388\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-363-1024x467.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image2-363-300x137.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image2-363-768x350.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image2-363-1536x700.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/image2-363.png 1915w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Creating a pack of trading pairs ETH\/BTC, SOL\/BTC and BNB\/BTC. Source: <a class=\"tracking_link\" href=\"https:\/\/app.cdfi.ai\/\" target=\"_blank\" rel=\"noopener\">CeDeFiAi<\/a>.<\/figcaption><\/figure>\n<p>The <strong>Tools<\/strong> section provides access to a news aggregator, the CeDeFiAi chat, the Revoke wallet-permissions tool and a service for buying CDFi tokens.<\/p>\n<p>The team is actively building communities on <a class=\"tracking_link\" href=\"https:\/\/twitter.com\/CeDeFiAI\" target=\"_blank\" rel=\"noopener\">X<\/a>, <a class=\"tracking_link\" href=\"https:\/\/t.me\/CeDeFiAi\" target=\"_blank\" rel=\"noopener\">Telegram<\/a> and other social networks, and publishes trading ideas on <a class=\"tracking_link\" href=\"https:\/\/ru.tradingview.com\/u\/CeDeFiAi\/\" target=\"_blank\" rel=\"noopener\">TradingView<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Conclusions<\/h2>\n<p>CeDeFiAi streamlines interaction with DeFi and CeFi services by integrating them into a single interface. The platform does not hold users\u2019 assets: it is enough to connect MetaMask or another Web3 wallet, while interactions with exchanges go via API.<\/p>\n<p>At the time of publication, CeDeFiAi is in beta: the developers are expanding the list of supported protocols and services. Even now, clients can trade on Binance, swap tokens via 1inch and add liquidity on PancakeSwap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi sector continues to grow \u2014 this week total value locked (TVL) exceeded $75bn. Yet the lion\u2019s share of trading remains concentrated on CEX such as Binance and Coinbase.<\/p>\n","protected":false},"author":1,"featured_media":10835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[1144],"tags":[1093],"class_list":["post-10836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-longreads","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=10836"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/10836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/10835"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=10836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=10836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=10836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}