According to Foresight News, AI-driven DeFi yield protocol Fyde has launched a new platform that supports depositors to use AI to trade portfolios and generate yields. Users can deposit directly into Fyde using more than 40 different tokens, and Fyde's simulation engine will identify the best way to invest in these tokens in the crypto space, aiming to increase returns and reduce volatility for users.

As part of the platform, Fyde also generates MEV income for depositors. MEV income is almost risk-free and can be generated using almost any token, but it is very complex to implement, and Fyde's AI and simulation engine will use the tokens deposited by users to generate this MEV income, providing depositors with a new source of income.