Unlike the regular world of finance where bankers, traders, and markets go to sleep, DeFi never rests, nor does it ever take a moment to pause. For every single one of a day's 24 hours, countless decentralized finance platforms stay online all over the world as they tirelessly get to work. But as us paltry humans do have our need for sustenance, our CyberFi review today is going to demonstrate how you can always stay online in the DeFi realm, even while you're taking a nap.
Decentralized finance is a very busy sector, as countless millions are being poured in every single second, and the market can make huge movements within a single blip. In order for DeFi users to make the most amount of profit possible, it requires an intense amount of concentration and almost perfect dexterity. CyberFi is here to help make the life of a dedicated DeFi enthusiast – or just your casual user – a whole lot easier with its automation tools to be your wingman.
Not long ago, trying to automate a piece of software is an absolute nightmare, and you can forget about this unless you're an MIT engineer. But CyberFi makes this a whole lot easier by being able to plug in its tools with a huge number of DeFi protocols for intelligent automation to seamlessly balance out your trades. So, is CyberFi really a perfect fit for decentralized finance, or is it an idea that's too far-flung in the cyberpunk fantasy? Well, read along our CyberFi review to find out more.
What Is CyberFi?
CyberFi claims to be the first ITAP, or ‘intelligent trading and automation platform designed specifically to provide automation tools to the DeFi sector. Essentially, CyberFi is a culmination of several different services into a single platform – a decentralized trading platform, an intelligent automation system for DeFi strategies and services, and a cross-chain layer to bridge together and automate multichain DeFi solutions.
Their goal is to automate some of the more tedious manual work that must be done within decentralized finance, such as needing to spend a lot of time and effort to get trades right or to execute a number of complex strategies. Other problems within the DeFi space that CyberFi wants to help solve are improving the end-user experience, lower the barrier of entry for anyone wanting to take part in DeFi, avoid users having to overpay for fees, and maximize the ROI as much as possible.
With CyberFi's user-friendly DeFi platform, which can plug its tools in a large number of compatible and popular services, they hope to bring a low-stress trading experience, with low fees, minimal downtime, improved earnings, and to mitigate impermanent loss. CyberFi was founded and run by a team that has ample amounts of experience within the cryptocurrency and financial industries – Geralt (CEO), Igor Sokolov (CTO), and Darius Greicius (CMO).
What Are CyberFi's Key Features?
Being able to automate tasks has been a primary catalyst for the exponential growth that we have seen since the first Industrial Revolution. In the financial world, institutionalized and centralized services such as CEXs (centralized exchanges) have been able to integrate such automation tools and practices for a very long time. But this automated streamlining has yet to flourish within DeFi, especially for completely decentralized exchanges (DEX) that don't rely on order books.
In its mission to help bring automation to DeFi, CyberFi is focusing on a few key areas at once to bring the best overall user experience and helps to give more options for its users. Here are a few for our CyberFi review:
CyberFi will build its own trading platform, where they aim to leverage its automated solutions to bring the speed, reliability, security, and cost-efficiency of regular centralized exchanges into DEXs and liquidity platforms. In other words, CyberFi is looking to reduce the manual labor aspect for trading on DeFi as much as possible, without too much latency. They will soon expand this into lending, where you can monitor and manage your lending activity.
You can use price triggers, limits and set other parameters to let CyberFi's tools automate your trading and minimize the risk of DeFi's intense volatility. They are also working on ways to provide data analytics models for users to be better informed of their trading decisions. There are a few ways in how this all works and how that can impact the way you use CyberFi's automated tools for trading within a completely decentralized space. Here are some examples for our CyberFi review:
1. Automatic Order Execution Based On PDI And BTV
When it comes to trading on liquidity pool DEXs – like Uniswap, for instance – the user is required to undertake manual input for entering or exiting a position, and the trade can only be executed based on the market price. Using CyberFi, traders can now use a tool called ‘Price Divergence Indicators,' or PDI. Based on pricing data supplied by secure oracles, it allows traders to mimic the action of price ‘limit orders' on regular exchanges but replicated to work with a liquidity pool.
This will be integrated first on Uniswap, but it will expand to other decentralized exchanges as well. The next major update of CyberFi's trading system will adopt ‘Best Trade Value,' or BTV to autonomously search across multiple DEXs' price feeds to find the best price for a particular asset and as to which exchange will have the lowest fees. Altogether, traders on DeFi protocols can have more automated tools and controls using CyberFi's implementation of PDI and BTV models.
2. PDICS For Assets Of High Volatility
As we can see in some DeFi yield farming services, there are a large number of highly volatile assets. These tokens can rise sharply in value or plummet back down to double-digit losses within an instant. To help lower the risks of trading in this arena, CyberFi has created an additional tool called PDICS, or PDI Change Speed. This will be integrated into automatic smart orders, as explained earlier.
Essentially, a trader can set parameters for a trade based on the price or percentage change against time and then execute against that particular asset using CyberFi's PDICS tool. For example, if a token has dropped by a particular percentage amount within a set amount of time, the trader can then program in to initiate a sell order for a specified amount of said tokens into a trading pair to take profit.
Connected to another DeFi protocol, you can use CyberFi's automation tools to adjust, manage, and execute highly complex actions for popular services such as yield farming, liquidity staking, liquidity pools, and LP tokens. You can automate processes like removing or adding liquidity based on their price and market movements, set price triggers, exit staking pools, and more depending on the user's parameters set through an easy-to-use visual programming interface.
Essentially, traders can practice a “set it and forget it” trading workflow to manage multiple investments and strategies at the same time, without being incurred too much stress or needing to spend a lot of time monitoring them manually. There are few ways in which CyberFi manages this multi-protocol automation as efficiently as possible. Here are some examples of the tech that CyberFi employs:
1. Divergence Loss Mitigation
DeFi remains to be a very risky landscape to traverse – especially for inexperienced users – as it contains a large number of highly volatile assets. For instance, yield farming projects and liquidity pools can entice a swarm of new users with high APY annual earnings, which could then trap users into an inflation spiral and be left with a significantly reduced price and earnings. CyberFi will help to mitigate this risk by automating the entry and exit points to best maximize a trader's profits.
As we took a look earlier in our CyberFi review, as we discussed on their trading platform, CyberFi is adopting similar PDI and BTV models here in its automation tools as well. Using these, CyberFi's automation kit will support traders will complex data calculations through its price feeds and set up the best Automatic Orders for a particular trade to lower the risk of significant price divergences or impermanent losses when dabbling in highly risky yield farming strategies.
2. DeFi Automation Standardisation
Another integral component within CyberFi's intelligent automation platform is the creation of ‘DeFi Automation Standardisation,' or DeFiAS. As it is currently in its young, unregulated, and experimental state, DeFi's rapid growth is plagued with extreme fragmentation. Using CyberFi's DeFiAS, traders can run contracts through certain tests, and thus allow CyberFi to standardize an
event map of the DeFi landscape, as well as be able to run audits and security checks to safeguard traders from potential scams or security exploits.
One major advantage of CyberFi is that its automation tools have been designed to work seamlessly across different blockchains. As such, you can use their systems to create and execute cross-chain events automatically. Since most DeFi projects are being held on Ethereum, CyberFi wants to break down the barriers of limited interoperability and enable its traders to best maximize their earnings and exposure to multiple different DeFi protocols across non-Ethereum blockchains.
This would allow users to automate the process of sending tokens across to different blockchains and back. For example, needing to move tokens from Ethereum to Binance Smart Chain, Cosmos, Solana, Polkadot, Tron, and more. Another instance is allowing holders of CyberFi's native CFi cryptocurrency to move those tokens to a separate network. Eventually, CyberFi will upgrade its multichain automation tools to work with more advanced services, such as cross-chain liquidity mining.
What Is Samurai By CyberFi?
We can't so very easily move on with our CyberFi review without discussing more on another new development within CyberFi, and that is Samurai. First announced only in early March 2021, Samurai by CyberFi is a decentralized crowdfunding platform for up-and-coming blockchain and cryptocurrency projects. Using Samurai's Launchpad, developers can raise capital efficiently using CyberFi's built-in cross-chain compatibility and automation tools.
This includes projects that might be chasing after the DeFi space, NFTs, providing Layer2 scaling solutions, and more. Another important part of Samurai is the Stakepad, where new projects can skip the hassle of listing on DEXs, and directly open up staking pools and liquidity farming services immediately on CyberFi's Samurai following a successful launch. CyberFi will also integrate new scaling solutions into Samurai to help with reducing network congestion and gas fees.
What Are CyberFi's CFi Cryptocurrency Tokens?
The native currency of the CyberFi platform is CFi, which behaves as both a utility and governance token. On the governance side of things, holders of CFi tokens will be able to take part in the decision-making of the platform, make proposals for new upgrades or additions, and vote on new changes. As a utility token, CFi is mostly used to cover gas (transaction) fees that are incurred from its trading automation processes.
This also covers payments to access automation tools for multichain applications and earn discounts. Other than that, holders of CFi tokens also get the chance to access certain exclusive products and tools on CyberFi, which can only be paid for in CFi. As for running the platform, 80% of all fees earned (either collected as CFi or exchanged from other tokens) will be redistributed back to the community, with the remaining 20% being used as a revenue stream for CyberFi.
The Tokenomics Of CyberFi's CFi Tokens
At the time of writing this CyberFi review, the price of a single CFi token is worth $39.83, according to data from CoinMarketCap. Two token sales were held in late 2020. The first was the ‘Alpha' round held on November 5th, which saw 350,000 CFi tokens sold for $0.50 per token, raising $175,000. The second public sale was the ‘Cyber' Round held on November 11th, which saw 450,000 CFi tokens sold for $0.60 per token, raising another $270,000 for CyberFi.
As of now, you can buy CFi tokens through the Uniswap decentralized exchange. The total supply cap as determined by CyberFi is 2,400,000 CFi, and will be distributed through:
- 800,000 CFi sold in the ‘Alpha' and ‘Cyber' public token sales
- 500,000 CFi to strategic partners and investors
- 300,000 CFi for covering development costs
- 250,000 CFi owned by the team
- 300,000 for marketing and expanding its community
- 200,000 CFi for covering LP and staking rewards
- 50,000 CFi allocated for CyberFi's transaction mining program
Another way of earning more through CyberFi is by staking your CFi tokens. Currently, you can choose to stake CFi or CFi/ETH LP tokens on CyberFi, and the staking pools remain open for deposits for 60 days as of this CyberFi review. As of right now, the CFi staking pool has more than 443,654.2942 CFi tokens staked, worth more than $17.5-million. Meanwhile, the CFi/ETH LP staking pool has 6,925.7712 tokens staked, worth over $4.3-million as of today's value.
What Are CyberFi's Future Roadmap Updates?
At the time of writing this CyberFi review, we've found that most of their trading and automation tools are still in their beta stage. CyberFi is among the newer projects to have joined the DeFi space lately, following their initial alpha-stage private rollout in October 2020. This was followed by the gradual launch of its trading platform, automation tools, and CFi cryptocurrencies in November and December of 2020.
Their roadmap for 2021 will primarily be occupied with a public release of their automation tools. In March of 2021, CyberFi is focused on releasing the beta version of their multichain automation kit. Q1 of 2021 will see the launch of their trading platform, as well as the full integration of BTV models to complement PDI, which has been in testing since late 2020. CyberFi's Q2 of 2021 will mark a foray into NFTs (non-fungible tokens) alongside their trading and automation services.
Here, CyberFi will also be planning a public release of their liquidity pools and farming automation tools. Q3 of 2021 will hopefully see CyberFi launching its multichain automation toolkits out from beta and into a fully operational stage for public use. CyberFi will then be capping off the year in Q4 with a major public launch event when all its automation tools and platform offerings will be made available.
CyberFi Review – Conclusion
Thus far, we can safely conclude our CyberFi review by answering the question that we posed in the very beginning. Is CyberFi a perfect match for the DeFi world, and will decentralized finance ever see the need for its automation tools? While CyberFi is still in its infancy and has yet to show off what it can do in full, we do believe that there's a lot of promise for them moving forward. As intelligent as DeFi might appear, there's still a lot of work to be done to make it truly compelling.
For some folk, DeFi can be a tiresome and scary place to be in, as you can be left with little control or devoid of ways to better optimize your investments and trading. Compared to the efficiencies that have been refined over decades within the traditional financial industry, DeFi still has a lot to catch up on. In our CyberFi review, we've found that CyberFi is working hard to build that foundation to a new and natural evolution to decentralized finance – a DeFi 2.0, perhaps?
Imagine if decentralized finance can be easy to use – even by the standards of the average joe that's never traded in their lives – highly secure to inspire confidence in its users, allow for traders to remove as much risk as possible while still being able to maximize their profits, and to cut down on all those sleepless nights. CyberFi is more than just a piece of automation software, as it opens a window into a future of what DeFi can be like in the years to come, brought forward to today.
- Ease of Use
- Project Values
- Tokenomics Model
- Long-Term Sustainability
- The innovative design of automation tools is easily compatible with most DeFi protocols in the market, such as DEXs.
- The trading platform allows for quick and easy automation (such as setting price targets to automatically execute trades) to allow maximal profits.
- Automation tools have been designed to be interoperable across other blockchains.
- Built-in tools to help combat against risks (price divergences, impermanent losses) posed by high-volatility assets.
- The project is mostly still in its beta state, and it may be vulnerable to competition from other automation platforms.