AI in DeFi: Why It’s Just Like a Hedge Fund | Illia Polosukhin
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About this video
Illia Polosukhin, co-founder of NEAR, breaks down how AI agents applied to DeFi aren't revolutionary but rather similar to how hedge funds have operated for years. He explains how machine learning models can be used in trading with guardrails, just like in hedge funds, with a set of instruments and tools for executing trades. #AI #DeFi #Crypto #Trading #HedgeFunds #NEARAI #Blockchain #MachineLearning #CryptoTech
Transcript
155 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
it's really cool you know AI agents it's hype and so you know let's apply them to defi but effectively this is just a hedge fund like you have a set of money and you're you know managing this by buying selling you know doing all kind of uh tools and you're trying to use a machine learning model to do that that's literally how hedge funds work right like I mean at least like the the
- 0:24
machine learning based hedge funds and so this is not new like this has been around for a long time like let's not reinvent the wheel and actually like approach it in the same way you would approach a hedge fund you have set of instruments and tools to execute trades you have set of guard rails and conditions so like there's set of guard rails that you build around any of any kind of like automatic Trading