[Development Focus series] — Ep 8 — Orchai Symphony to Orchestrate Low-code DeFi with AI
Since joining the Oraichain Accelerator program in 2022, Orchai has consistently introduced new and interesting technologies to the network, delivering unique protocols to improve the ecosystem’s DeFi offerings. The liquid staking and money market products have filled an important niche, expanding ORAI utility and generating yield for USDT lenders. This episode of the Development Focus series will cover Orchai’s transformation into a convenient & secure low-code multi-chain DeFi platform powered with AI.
DeFi represents a major paradigm shift in the world of finance, creating an opportunity for billions of individuals to participate in a wide variety of products without third-party intermediaries. Despite the fact that your colleagues, neighbors, and grandparents have heard about DeFi, the user experience of managing these complicated transactions can be a deterrent. This is only compounded by the introduction of multiple networks, assets, wallets, and private keys. You shouldn’t need a degree to use DeFi products.
One application, every network, all of the DeFi applications you love. Orchai is changing the game, dramatically simplifying the complicated and highly technical nature of DeFi products, providing a new experience that will allow users of any skill level to manage many applications and chains from a single interface. Orchai Symphony significantly reduces the risk of human error, bringing AI-powered strategies to your fingertips and giving users low-code drag + drop elements to simplify your DeFi adventure.
Orchai’s Highlight Features
Orchai aims to solve user experience, functionality, and security at the same time. To achieve a seamless user experience through the complexity of multiple blockchains and protocols, Orchai takes advantage of account abstraction by implementing the Smart Wallet feature. To yield innovative functionality, Orchai applies AI-based strategies. To preserve security, Orchai integrates multi-sig, automatic alert, and risk management.
1. Cross-chain Smart Wallet
Orchai’s Smart Wallet is a multi-sig enabled smart contract account controlled by signed transactions from your main account on Oraichain, allowing for dynamic new features and interactions that can be executed in one click. By leveraging the principles of account abstraction, users will be able to interact with multiple networks and applications from a single account from Orchai’s interface on the Oraichain mainnet. This contract account provides advanced functionality, while greatly reducing complicated setups, especially when considering all of the steps necessary to manage digital assets across multiple networks and applications.
Example: A user would like to buy asset A on chain X, delegate, borrow USDT, purchase asset B on chain Y and provide liquidity on chain Z. Without the Smart Wallet, this would require many different accounts and transaction signatures. With Smart Wallet, this entire flow of funds can be bundled into one transaction and managed from one interface.
Cool, right?
2. Low-code DeFi Orchestrator
Orchai’s DeFi Orchestrator combines the ease of low-code with the power of AI, providing three unique features to make your DeFi journey pain-free: Combinator, Alert Hub, and Auto Trader.
Combinator helps you perform multiple actions in a single transaction, either through custom recipes or pre-made templates. Combinator offers AI-driven recommendations via portfolio management, investment strategies, and market conditions. The Combinator works with multiple chains at a single interface: Oraichain, Cosmos-based networks, and EVM-based networks.
Alert Hub allows users to make informed decisions under market volatility and to turn uncertainty into a strategic advantage.
Auto Trader enables automated investment strategies based on market dynamics or user portfolios. This will be a fantastic tool for those who simply don’t have the time to actively monitor the crypto markets 24/7, allowing for a more hands-off approach.
3. Gain & Risk management
With each investment recipe created via Low-code Orchestrator, Orchai provides analysis tools to estimate gains and risks. Orchai will also implement decentralized privacy data storage to protect user data, strategy recipes, and other setups.
Conclusion
Orchai Symphony is not just another DeFi product, it is the last DeFi product you will ever need.
Providing a seamless user experience for digital asset management, this platform is both aggregating the multi-chain ecosystem to one platform and providing AI-based recommendations to guide you along the way. This work will result in the ultimate user experience, surpassing products on the market today and packaging sophisticated tools to expand accessibility. Ultimately, Orchai’s mission is to revolutionize the DeFi user experience, eliminate complications, and mitigate the risk of user error.
With this exciting vision, it’s clear to see why Oraichain Foundation is proud to support Orchai as a member of our Accelerator Program. Orchai Symphony will be a beacon for the Oraichain ecosystem, enabling the network to stand apart from the crowd based on its unique perspective and offerings. We highly encourage all community members to learn more about Orchai and join their official channels to stay up-to-date on developments!
About Oraichain
Oraichain provides multidimensional trustworthy proofs of AI and enables secure integration with Web3. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI Oracle, DINO Hub with DINO Center, AI Marketplace & Data Marketplace, fully on-chain VRF, AI-based NFT generation & copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, Cosmwasm IDE, and many more. Oraichain is the world’s first Layer 1 of AI oracle and Trustworthy Proofs™️.
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