It's been a difficult few months for the crypto market — with Bitcoin posting consecutive losses for an unprecedented number of weeks.
And the decentralized autonomous organization behind an AI-powered DeFi crypto portfolio says the current downturn illustrates why traders need cutting-edge tools in order to stay ahead of the game.
SingularityDAO's flagship product, DynaSets, underwent closed beta testing between December and March — and now, testing is continuing to take place in an open environment.
Toward the end of June, V1 will officially launch, and it'll be complemented by an overhaul of its user interface — giving DynaSets customers an intuitive experience that's matched by vibrant branding.
While a long-only trading strategy has been used during the beta phase, the team will be rolling out options for shorting the market and applying leverage to trades in the launch of V1.
Following the close of the beta, all three DynaSets beat the market by over 15%, outperforming many of the leading crypto funds. Although the current open beta has yet to conclude, the figures are reinforcing the efficacy of Dynasets and their ability to protect holdings during bear markets.
SingularityDAO's CEO, Marcello Mari, told Cointelegraph: "Current market conditions clearly demonstrate the need for AI-powered decentralized asset management solutions to support decision-making.
"This should be available to everyone, not only those that are able to afford and access enterprise-level trading tools. DynaSets results are extremely encouraging and show us that we are on the right path, especially in view of the release of our advanced V1 platform."
The issue of access is an important one, especially in the world of digital assets, which is designed
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