AI-driven 0xGen: A comprehensive DeFi platform for discovering, understanding, and implementing intentions

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2024-05-09 15:08:21
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The 0xGen team provides AI and ML-based trading signals, allowing users to determine the direction and targets of trades based on these signals.

Author: 0XDaBai

With the rise of Web3, we are in an exciting era, but at the same time, many emerging applications are not so easy to use. However, with the rise of intent-centric concepts, more and more applications are beginning to improve user experience, making them more friendly and easy to use. In this wave, 0xGen.io, a comprehensive DeFi platform that integrates AI, stands at the forefront.

As a DeFi platform that combines AI, the next step for 0xGen is to integrate intent and AI to further optimize user experience. By introducing large language models ( LLM ), 0xGen can better identify user intent and break it down into smaller tasks assigned to different smart contracts for execution. This is specifically reflected in:

  1. Identifying Intent and Completing Transactions

After combining intent with AI, users only need to express the transaction result they want to achieve, and 0xGen will find the optimal transaction path to complete the transaction for them.

For example, if a user wants to exchange assets on Arbitrum and Optimism for Matic on Polygon, they only need to say, "Help me exchange assets on Arbitrum and Optimism for Matic on Polygon." Through LLM, this intent is broken down into: 1) identifying the assets on Arbitrum and Optimism in the wallet 2) identifying the cross-chain bridge, DEX, and transaction path with the best exchange rate 3) calling the cross-chain contract and DEX contract to achieve cross-chain and transaction through the calculated path.

All of this is thanks to 0xGen.io's own DEX aggregator and cross-chain interoperability. With AI optimizing and selecting paths, users can easily transfer assets and trade between different blockchain networks using the optimal path and best exchange rates.

  1. AI and ML-Based Trading Signals

The 0xGen team provides AI and ML-based trading signals, allowing users to determine the direction and targets of trades based on these signals.

The next step for 0xGen is to provide smarter and more convenient trading services, where users only need to express, "Help me buy all the targets indicated by the trading signals with the stablecoins in my wallet." This step will also be broken down by LLM, first identifying the types and amounts of stablecoins in the user's wallet, then obtaining the targets to be purchased based on 0xGen's trading signals, and finally calling the DEX contract for price inquiries and comparisons to formulate the optimal trading path, thus completing the transaction.

  1. Discovering Intent and Risk Preferences

Often, users are not clear about their trading preferences and risk tolerance. 0xGen helps users analyze and discover their own intent and risk preferences through Q&A and wallet transaction tracing, assisting them in asset management configuration and providing suggestions.

  1. Security and Usage Preferences

0xGen is committed to addressing security issues in the blockchain space. It only integrates well-known and reliable aggregators in the crypto industry and employs backend systems for continuous testing. The platform adheres to industry standards and business ethics, with all APIs open-sourced on GitHub to ensure the security of user data. Designed to handle high traffic, 0xGen guarantees excellent performance.

At the same time, it also gives users the choice; users can select which cross-chain bridges and DEXs they want to use based on their trading preferences and refuse to use others.

  1. Promoting Developer Innovation

0xGen recognizes the key role of developers in the blockchain space, thus providing a complete set of tools and resources, including SDKs, documentation, and developer incentive programs. Developers can not only access LLM and AI to assist in training but also apply them in their own dApps. Additionally, developers can easily integrate all of 0xGen's features through widgets and adjust and build according to their needs.

  1. Multi-Chain Governance and Voting Preferences

0xGen supports a community-led governance model, allowing users to participate in the platform's development, building trust and a sense of involvement. This governance model further promotes trust and engagement among stakeholders.

Users can freely set governance preferences and designate agents to vote on their behalf, further enhancing trust and engagement among stakeholders. This step is also simplified into a statement, such as "I only participate in proposals related to transaction fees," so only proposals related to transaction fees will be displayed to that user.

Currently, the platform features include:

  • Providing advanced DeFi solutions, including trading, cross-chain operations, and AI trading signals.
  • Supporting cross-chain operations for seamless transfer and exchange of assets across different blockchain networks.
  • Emphasizing security features, conducting continuous testing, and protecting user data.
  • Utilizing a high-performance, scalable architecture to ensure outstanding performance under high traffic.
  • Offering a complete set of resources and tools for developers.
  • Continuously optimizing with AI and ML to provide users with the best trading paths.
  • Adopting a community-led governance model to ensure the platform evolves according to user needs.
  • Providing a rich set of features for Web3 users, including incentives such as trading rewards.

Platform Data

  • Total Trading Volume: 3.6 billion
  • Total Number of Transactions: 663,819
  • Total Number of Trading Wallets: 52,554

Governance Token

The 0xgen token will be deployed across multiple chains, aiming to attract multiple users to participate in governance.

To enhance user participation in governance, 0xGen.io will launch its governance token XGN through LBP. The total supply of the token is one billion. The distribution is as follows:

36% Community Rewards, including: 10% Staking; 10% Community Contributors; 10% Incentives; 3.4% Community Activity Rewards; 0.1% OG; 2.5% Trading Incentives

20% LBP Fair Release

15% Team, released at 16.67% every six months, fully released in three years

10% Treasury

10% AI Model Development and Maintenance

5% Investors, TGE release 20%, unlocking 8% monthly after a three-month lock-up

4% Listing and Liquidity

To continuously optimize and adjust AI and LLM, 0xGen's token model reserves 10% for development and maintenance costs.

The main use of the token is to participate in project governance, including transaction fee voting, listing voting, and decisions on activity rewards.

Future Outlook

0xGen will continue to optimize user experience, including adding features such as derivatives aggregators and NFT marketplace aggregators to meet the growing demands of users. At the same time, we plan to launch a wallet + app, introducing abstract accounts (AA) and continuously training and refining LLM. In the future, users will be able to define and complete asset allocation on 0xGen, such as "50% of the funds in the wallet to buy BTC, ETH, and SOL, 20% to open a long 10x PEPE, 10% to buy blue-chip NFTs, and the rest idle." Based on LLM and aggregation, this will become possible.

In addition to adding and optimizing basic functions, 0xGen is also exploring the construction of a layer 2 solution focused on DeFi and trading based on OpStack, providing users with more convenient services.

The future of convenient operations in Web3 relies on the combination of intent and AI. Based on its powerful aggregation capabilities and existing AI models, 0xGen actively explores the introduction of intent, aiming to provide users with a zero-threshold comprehensive DeFi platform.

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