TECHNOLOGY

REVOLUTIONIZING STABLECOINS WITH ON-CHAIN AI ALGORITHMS: THE ARRAY PROJECT

The Array project is generating buzz in the industry for its innovative use of on-chain AI algorithms to manage liquidity curves and create a new asset management approach for Web3.

20.04.2023
BY SUKSMAJATI KUMARA
SHARE THE STORY

The Array project is generating buzz in the industry for its innovative use of on-chain AI algorithms to manage liquidity curves and create a new asset management approach for Web3. As we know, Web3 is a decentralized currency system that is based on blockchain technology and does not require centralized institutions for issuance or management. However, this system also has some shortcomings, such as volatility and liquidity constraints.

According to the Array team, their full-chain protocol for decentralized asset management aims to build the next generation of algorithmic currency systems using AI. They believe that AI is crucial to achieving this goal. The Array team has developed self-designed AI algorithms and operates on the Polygon Network public chain. They have created an original complex code and contract invocation logic that simplifies application interaction, bringing more composability to applications. The platform conducts on-chain trading operations with open and transparent contracts that are fully open-source.

The Array team suggests that staking $ARA to receive staking rewards and corresponding $USDR (with 400% over-collateralization) is the best way to maximize benefits. However, this leads to insufficient $ARA liquidity. To address this issue, the platform has developed a self-designed Liquidity Curve contract, which provides liquidity support for the platform. Through a complex algorithm that releases small amounts of $ARA to the market multiple times, this increases the bottoming fund pool and creates opportunities and convenience for more people to participate in the project.

Array's use of AI algorithms also ensures the security and interoperability of users' digital assets and transactions. It utilizes encryption technology, firewalls, and other security measures to protect users' assets. Users can easily connect traditional fiat currencies and cryptocurrencies, making fund transfers and transactions more accessible. Furthermore, this model promotes the use of digital assets in the traditional financial system, further enhancing its popularity and use.

In summary, the Array project is breaking new ground in the stablecoin industry, leveraging AI algorithms to improve liquidity curves and create a new asset management approach. Its innovative approach is expected to redefine the entire stablecoin industry. As the issuer notes, they are solely responsible for the content of this announcement.

#THE S MEDIA #Media Milenial #AI #Cryptocurrency #The Array Project

RELATED POSTS