14 hours Ago By Yoo Mi-ja
November 20, 2024 — Mode is proud to announce the launch of its AI Agent App Store, a groundbreaking tool for interacting with advanced, autonomous agents that execute sophisticated DeFi strategies with almost no human oversight. The first AI agent to go live on the platform is ARMA from Giza, with more than 20 additional agents, including Olas Modius, coming in the following weeks. Many of these AI Agents will be industry firsts, interacting with smart contracts independently.
For example, ARMA will be the first instance of Agent yield optimization money markets, while Olas Modius will be the first ever AI liquidity farming strategist on DEXes. With autonomous agents that can analyze market conditions, identify opportunities, and execute strategies across multiple protocols, Mode’s AI Agent App Store offers an opportunity for DeFi users of all levels to simplify the experience of managing their assets while optimizing returns. These agents will also help users save time by performing tasks like rebalancing portfolios and optimizing yield farming strategies automatically.
The benefit of AI Agents for users is clear; ARMA outperformed stablecoin yield returns by up to 94% compared to a static user relying on a single pool. Additionally, weekly user monitoring demands dropped from two hours to a mere five minutes. This dramatic reduction in time commitment not only simplifies DeFi for new users but paves the way for mass adoption by making sophisticated yield management effortlessly accessible to everyone.
Olas Modius, launched in collaboration with Valory's core team, introduces an autonomous multi-agent system on Mode designed to manage assets and enable seamless AI-powered trading intelligently. Leveraging top DeFi protocols, Olas Modius allows users to fund their accounts, activate the system, and watch as it autonomously gathers data, selects optimal trading strategies, and makes real-time decisions to buy, sell, or hold assets—all without manual intervention, offering a hands-free experience in the next generation of trading. "The launch of the Agent hub is a huge step towards an AI agent-dominated future onchain," stated James Ross, CEO of Mode.
"We’re entering a new era in which agents operate with more intelligence and autonomy, allowing users to benefit from sophisticated DeFi strategies without the need for constant supervision. It’s a game-changer for the industry and a promising step towards truly decentralized financial systems." Over the coming weeks, Mode will deploy more than 20 additional agents, each designed to address different aspects of DeFi asset management and yield optimization.
The deployment of these agents is part of Mode’s ongoing mission to simplify decentralized finance and provide tools that make it easier for all users to participate in the ecosystem..
