Is AO's Financial Ecosystem Ready to Take Off? A Quick Look at Newly Launched DeFi, Cross-Chain Bridges, and Wallet Projects

Author: Kyle @ Contributor of PermaDAO

Translator: Kyle @ Contributor of PermaDAO

Reviewer: Zwi @ Contributor of PermaDAO

Shortly after the launch of the super parallel computing network AO, both the cross-chain payment protocol everPay and the decentralized exchange Permaswap, under the umbrella of everVision, announced the adaptation of all functionalities to AO, introducing multi-chain assets to the AO ecosystem. Meanwhile, Community Labs introduced the AO-native decentralized exchange Bark and the stablecoin protocol Astro, followed by the decentralized oracle 0rbit built on AO.

AO's financial ecosystem is laying a solid foundation, poised for action. It's noteworthy that with more builders focusing on and joining the Arweave ecosystem and the AO network, the AO ecosystem is entering a period of rapid development, constantly giving rise to brand-new native projects. This article will introduce recently emerged projects like Autonomous Finance, AOX, ArSwap, and aoWebWallet, providing an initial understanding of the new forces within the AO financial ecosystem.

Autonomous Finance

Autonomous Finance, with its introduction, was foreshadowed beforehand. The AO official account had previously published articles detailing the concept of AgentFi, hinting at the imminent release of products that could revolutionize traditional DeFi technology.

Built on AO, Autonomous Finance integrates AI models into the blockchain to create a new era of AI-driven decentralized financial applications. Specifically, Autonomous Finance comprises three fundamental pillars:

• Core Infrastructure: Leveraging on-chain machine learning algorithms and Web2 data streams to enhance transaction speed and accuracy, optimize order routing to maximize liquidity, and provide real-time liquidity protection services. Key applications include stablecoins, decentralized exchanges, derivatives, money markets, lending markets, synthetic assets, and cross-chain bridges, among others.

• AgentFi: AgentFi, created by Autonomous Finance based on the AO architecture, is a new DeFi primitive that combines autonomous agents, machine learning, and full automation of intelligent financial markets. Examples include asset investment management agents, self-balancing autonomous index funds, customizable autonomous hedge funds, yield aggregation agents, on-chain prediction agents, high-frequency trading agents, self-optimizing risk-balanced agents, and financial agent algorithm markets.

• ContentFi: ContentFi provides valuable data resources for the Autonomous Finance ecosystem, monetizing data stored on Arweave as composable assets for AO threads. It incentivizes individuals or DAO organizations to contribute data to Permaweb for profit, thereby constructing a liquidity data market.

Autonomous Finance, built on AO, will fully utilize AI technology to introduce intelligent financial strategies and automated operational processes on top of traditional DeFi services, ushering in an era of permissionless intelligence and automation for Web3 financial applications.

🗨️ Website: https://www.autonomous.finance/

X Platform: https://twitter.com/autonomous_af

AOX

AOX is AO's first cross-chain bridge project developed by the everVision team, and will provide asset cross-chain services between the AO network and other blockchain networks. The Beta version of AOX is expected to be launched in mid-May, with support for cross-chain functionality between $AR on Arweave and the AO network. Subsequently, cross-chain services for networks such as Ethereum, BTC, and BSC will be introduced, enabling more public chains and types of assets to seamlessly enter the AO network.

🗨️ Website: https://www.aox.xyz/

X Platform: https://twitter.com/aox_xyz

ArSwap

ArSwap is a recent DeFi project launched on AO, developed by the Pianity team (music NFT project). Upon its launch, ArSwap announced a partnership with Aetheris (a new memecoin project on AO), and it has already launched two test tokens, $Fire and $Earth, supporting the addition of LP liquidity pools.

Users can claim from the faucet on ArSwap to experience trading and liquidity pool establishment on ArSwap in advance.

In the future, will Arswap introduce $air and $water? What novel gameplay will be available? Let's wait and see.

🗨️ Website: https://arswap.org/swap

X Platform: https://twitter.com/ar_swap

aoWebWallet

aoWebWallet is the native wallet of the AO network, designed to securely manage assets on AO, supporting sending, receiving, and tracking AO network assets. Users can log in directly by connecting to the Arconnect wallet or by importing the wallet's .JSON file.

Currently, aoWebWallet supports $AO-CRED, $Bark, $TRUNK, $0rbit, $Fire, and $Earth, and users can also manually input token contract addresses to add tokens.

🗨️ Website: https://aoww.net/

X Platform: https://twitter.com/aoWebWallet

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