According to Foresight News, Fyde, an AI-driven DeFi yield protocol, has launched a new platform. This platform allows depositors to use AI to manage their investment portfolios and generate returns. Users can deposit more than 40 different tokens directly into Fyde. Fyde's simulation engine identifies the best ways to invest these tokens in the crypto field, aiming to increase returns and reduce user volatility.
As part of this platform, Fyde also generates MEV (Miner Extractable Value) returns for depositors. MEV returns are virtually risk-free and can be generated with almost any token, but they are very complex to implement. Fyde's AI and simulation engine will use the tokens deposited by users to generate these MEV returns, providing depositors with a new source of income.