CyberFi Development Update #1 — Beta & Staking Soon.

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CyberFi — Intelligent DeFi Automation

4 min readNov 20, 2020

Hi, everyone. Geralt here.⚡

Last few weeks we were a little bit distracted by preparations for going through the Launch of CyberFi. Now, with an amazing launch and our community growing fast, we are back on track, fully focused on Development.

Beta is 80% finished. We are expecting another 10–14 days to complete development and launch it.

Development

[ALPHA] Alpha Testers Event

Through our Alpha Testers Event we have already gathered a great group of professionals that not only help with testing but provide feedback and insight into tools for automation they need.

It has turned into a very powerful and private community.

First look at CyberFi [ALPHA]

Here we can see a Smart Order or an Automated Complex Event. It allows the user to automatically exit a Farming or Liquidity Mining Project based on a price change of it’s native token. In this case Pickle from it’s FARM — PICKLE POWER, Uniswap Pickle/ETH LP Tokens.

Where Limit Price is your Price Trigger to activate the Automation Event — that would automatically Unstake your LP tokens, Remove liquidity from LP tokens, in this case you would have ETH and Pickle and it would also automatically(if you set it to do so) Sell your Pickle to ETH.

This is the first risk-management tool in DeFi of it’s kind.

Orders are stored in the OrderBook.

Beta will have this functionality and much more. Details below.

[BETA] Yield Farming/Liquidity Mining Automation.

With UNI stopping its liquidity mining program, we now have Pickle.finance to use for the Beta. Next week we are planning to add 5+ Farms to the system so that our Beta users will be able to have a wide range of projects to use.

Sushiswap seems to be back on track and major funds have been moved to farm Sushi, so adding Sushiswap will be one of the top priorities for the launch of the Beta.

[BETA] Token Limit Orders.

Are going to be available with the Beta. After many discussions with traders, we are now working on including cross-token triggers for the Beta, which would allow you set up an automation Scenario to buy Token Z with the trigger being a change in the price of Token X. In DeFi this provides a lot of great opportunities for looking for those correlations.

Safe to say that we are the first Project in the crypto space to come out with this Functionality.

[BETA] LP — Automatic Add/Remove Liquidity.

This is a big one. If used correctly can be a great risk mitigation tool. Automate your presence in LPs with price triggers. Users will not only be able to set up exit scenarios and use CyberFi as a risk-mitigation platform but also focus on maximizing profits.

E.g. Users will be able to Automatically get into LPs on token dumps. And exit LPs on pumps. No need for the stress-inducing process of doing everything on Uniswap when time is of the essence.

Important: Our Beta will be the first product in the DeFi space to have actual user controlled LP Risk-Management.

[BETA] Transaction Mining Event.

In essence, it has already started but will be fully released with information on it when we launch our Beta Testers Event. In short, all the testing done during the Beta will be counted as “volume passing through CyberFi” and will be rewarded.

Interesting Cyber-things to come in December.

Beta Launch.
Massive design improvements for Beta.
Staking Platform coming in the next few weeks. On the 24th of Nov we will announce how we will reward those that have been holding their LPs before the launch of the Staking Platform.
Secret Project in the works. Hint. There is a large market in DeFi that we haven’t even mentioned in our WP. CyberFi will introduce automation in this market and launch its pilot Event.
Secret Integration in the works. Hint. Tapping into huge DeFi niche with amazing potential for CyberFi.
Announcing v2 of CyberFi. If you are already exited about CyberFi just wait ‘till we announce v2. Hint. Time, strategy, merkle tree and risk.