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Microsoft and LeverFi Launch AI-Backed Solution to Overcome DeFi Challenges

Ruholamin Haqshanas
Last updated: | 2 min read
Source: iStock/NicolasMcComber

Microsoft and LeverFi have joined forces to launch an AI-backed solution that aims to tackle the challenges facing the decentralized finance (DeFi) industry.

The DeFi ecosystem is grappling with some significant challenges, including security hacks, poor risk management policies, and manual execution processes. 

These challenges have led to a lack of confidence among users and remain a major barrier for new users entering the DeFi space.

To overcome these barriers, LeverFi is launching Morpheus, an AI portfolio management assistant, in collaboration with Microsoft, the company said in a Wednesday Medium post

Morpheus aims to help users navigate the complex DeFi landscape by providing portfolio management insights and on-chain monitoring through machine learning. 

The AI-powered assistant will detect market anomalies and support users in portfolio management, mitigating risks and avoiding common pitfalls.

“Morpheus can help users avoid common pitfalls and protocol-related risks while at the same time, discover the true benefits and potential that they can achieve with DeFi,” the annoucnement reads. 

Morpheus consists of two core AI engines, including one for protocols and one for user wallets. 

The protocol engine scans, tracks, and reacts to security exploits or protocol risks, aiming to protect users in real-time. 

The user engine monitors portfolio positions and reacts to sudden market downturns, helping users mitigate potential losses. 

By combining these two AI engines, users will have greater control and confidence in navigating the DeFi space.

LeverFi, formerly known as Ramp, is a platform that offers leveraged trading up to 10x in a decentralized manner. 

LeverFi and Microsoft to Work on More Products

In addition to Morpheus, LeverFi and Microsoft are also working on innovative solutions in asset tokenization, real-world assets, and on/off-chain settlements. 

LeverFi has already begun efforts in these areas in Hong Kong and will continue to drive developments.

“As always, LeverFi continue to empower DeFi users with new, innovative solutions and be a leading force to democratize DeFi access across the world,” the company said.

It is worth noting that LeverFi is not a household name in the crypto space, with its token’s market cap currently sitting around $22 million, keeping it out of the top 500. 

However, the platform has gained recognition by trading on major exchanges such as Binance and Coinbase.

At the time of writing, LeverFi’s LEVER token is trading at $0.00119666, down by 19.4% over the past day. The coin is up around 6% over the past 14 days.