ChainCatcher news, at the "Bridge Web3" event hosted by the DeFi platform ArrayFi, ArrayFi CMO Jim Andy announced that ArrayFi officially launched on May 27.The core module of ArrayFi is a currency system supported by AI algorithms. Users who stake ARA will lend stablecoin USDR, with a value ratio of 4:1 between the two. 90% of the staked funds will go into the secure vault of ArrayGo (ArrayFi's self-developed AI algorithm) to maintain the bottom price of ARA, while the remaining 10% will be injected into the LP pool for market price discovery. ARA adopts a fair issuance mechanism, with no seed or private placement rounds, and no upper limit on total supply. The use cases for USDR include applications such as ArrayFi's partner social e-commerce Liza, its lucky spin game, and prediction platforms. (source link)

ChainCatcher news, Singapore's national investment fund Temasek today issued a statement on its official website stating that Temasek has not invested in Array and has no relationship with them.Previously, the media reported that Array, a developer of an algorithmic currency system based on smart contracts and AI, received a $10 million investment from Temasek at a valuation of over $100 million. (source link)

ChainCatcher news, according to Cointelegraph, the algorithmic currency system developer Array, based on smart contracts and AI, has received a $10 million investment from Temasek at a valuation of over $100 million.It is reported that Array's smart contract platform ArrayFi aims to enable decentralized applications powered by its proprietary AI algorithm ArrayGo on top of its network. The system is expected to have various use cases, including payments, remittances, and investments. (source link)