Allora has teamed up with Mode to support the AIFi Accelerator Program. This will bring Allora’s self-improving decentralized AI network to Mode, one of the leading chains in the Optimism Superchain with over $500 million in Total Value Locked (TVL). Mode’s AIFi Accelerator aims to drive innovation in AI-powered DeFi projects that will help shape the future of decentralized finance.
Allora’s Role in the AIFi Accelerator
Allora will offer participating projects access to its collective AI intelligence network, enabling developers to integrate AI features into their DeFi applications. These features include optimizing user experiences, improving risk management, and enabling dynamic financial strategies. Key use cases include:
AI-Powered DeFi Use Cases Enabled by Allora
- AI-Powered Yield Strategies: Leverage AI for high-quality forecasts in price, liquidity, volume, volatility and more to create sophisticated and proactive yield strategies. Builders can utilize inferences from the Allora Network to automate liquidity provisioning, leverage farming, and create dynamic fees.
- Real-Time Risk Management: Allora’s aggregated AI risk models offer real-time, dynamic management features like variable loan-to-value ratios, dynamic liquidation factors, and automatic hedging for safer user experiences.
- Price Feeds for Long-tail Assets: Allora retrieves real-time price feeds for illiquid assets like small-cap tokens, NFTs, RWAs, and carbon credits, solving challenges in inefficient markets.
About the Mode AIFi Accelerator
Mode’s AIFi Accelerator, running until December 2024, offers funding, mentorship, and access to Mode’s ecosystem partners. Participants will integrate AI and machine learning into products like AI-enabled wallets, smart contract automation, and price prediction models.
What’s Next?
If you’re building AI and DeFi projects, apply to the Mode AIFi Accelerator through the Application Form.
To learn more and connect with fellow developers, join the conversation in the Allora Discord and stay in the know with the latest updates.
About the Allora Network
Allora is a self-improving decentralized AI network.
Allora enables applications to leverage smarter, more secure AI through a self-improving network of ML models. By combining innovations in crowdsourced intelligence, reinforcement learning, and regret minimization, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.
To learn more about Allora Network, visit the Allora website, X, Blog, Discord, Telegram, and Developer docs.
