CyberFi is a platform with an automation system for DeFi strategies, a decentralized trading platform, and a cross-chain layer for DeFi automation. Its focus is to enhance smooth trade execution, risk reduction, and interoperability of decentralized exchanges.
Thus, CyberFi’s mission is to eliminate manual trade executions and tracking of indicators. Instead, users can set automated parameters that streamline trading processes resulting in the mitigation of risks. For example, users can initiate automated orders, which are components of yield farming strategies.
The expected benefits from this DeFi trading and yield farming automation include lower fees, mitigation of impermanent loss, and zero-stress. CyberFi uses a user-friendly visual programming interface that enables participants to perform multiple complex activities related to farming, staking, liquidity pools, and LP tokens with simplicity to achieve this vision.
The automation process involves not only in-chain activities but also cross-chain ones. For instance, using the CyberFi interface, users can access related functions on other blockchain networks such as TRON, POLKADOT, and BC and then easily migrate back to the ethereum mainnet.
The impact of DeFi ecosystem automation
The automation that CyberFi provides opens great avenues in the DeFi sphere. First, it results in billions of dollars in the cryptocurrency economy because of the mitigation measures that CyberFi puts in place against impermanent loss. Therefore, investors who were formerly reluctant to provide liquidity can do so, as they can automate their exit strategies.
To achieve complete automation, CyberFi focuses on three principal areas, cross-chain events, trading, and automation of complex events.
Trading: CyberFi collates different prices from many exchanges and streams live feeds on the platform. Therefore, the protocol uses different price ranges to come up with the best price, depending on the prevailing market conditions.
Above this, CyberFi provides various risk mitigation measures in respect of assets whose prices are highly volatile. Using price divergence indicators, its automatic smart orders help participants to trade safely. Therefore, all the traders need to do is set their trade parameters, thus utilizing the PDI Change Speed (PDICS), which the protocol embeds into automatic smart orders.
Automation of complex events: There are several automated processes on the platform which deals with liquidity provision, yield farming, and trading. Examples of automated processes relate to LP tokens, scheduled removal of LPs, and the buying and selling functions. The exact automation depends on the parameters which the users set.
Cross-chain events: The CyberFi protocol allows automated cross-chain interactions enabling users to access other services on different blockchain networks.
The CyberFi native token is CFI, useful for governance and transaction fee payment. This ERC20 token grants users access to different products and automation strategies.
The total supply of CFI is 2 400 000. However, the circulating supply will gradually increase over time to create a healthy investment climate.
The CyberFi community will decide on LPs and other tokenomics through voting. During the beta testing stage, users who give practical feedback will receive rewards.
The Road map
According to the CyberFi website, the road map of key events is:
- November 2020: Beta trading automation, price triggers, and TX mining event.
- January 2021: CFI staking and beta farming automation.
- The first quarter of 2021: Launch of the trading platform and BTV
- The third quarter of 2021: Public release Multi-chain Toolset
Responding to its expanding community, CyberFi created several social platforms through which the users can make suggestions. Also, CyberFi uses these platforms to share essential updates with its members. Therefore, any interested person is free to join, one or all of them.