What Sympson AI Solves

Background

AI Agents are autonomous software systems powered by generative AI models, equipped with real-time access to tools such as APIs, smart contracts, databases, search engines, and even other agents. These agents are designed to be the ultimate intelligent assistants for humans, excelling in autonomous perception, planning, memory, and tool usage. By performing complex tasks autonomously, they free humans to focus on high-level decision-making related to vision, strategy, and key objectives.

The cryptocurrency market, particularly the perpetual contracts market, presents unique opportunities and challenges. Perpetual contracts allow traders to take leveraged positions on various cryptocurrencies without an expiration date, but the complexity of the market and volatility can make trading challenging, especially for beginners. Traders often face difficulties in timing their entries and exits, managing risk, and maintaining emotional discipline. These issues are exacerbated when the market is highly volatile, as traders struggle to react quickly and accurately to fast-changing conditions.

To address these challenges, we have developed an AI DeFi-focused agent designed to assist users in navigating this dynamic market. The agent utilizes real-time data, predictive models, and adaptive algorithms to make trading decisions that aim to maximize profits while minimizing risk. This agent operates in an autonomous manner, allowing users to benefit from professional-level trading without the need for constant monitoring.

Current Issues Plaguing the World

AI agents have been making waves in the blockchain space and innovative experimental agents have given a glimpse of what is possible. While they have a lot of potential, AI agents, as we know them right now, are not that useful to individual users since they are not just limited by the AI tech, but also mainly by the lack of infrastructure to make them truly operational across DeFi.

Sympson AI, powered by Symphony’s tech stack, unlocks this necessary infrastructure and allows the AI developers and users to not have to worry about the underlying technology of blockchains. Additionally, Sympson enables the ability for communication between AI agents which enabling AI Agent collaboration, resource sharing, and performing more complex tasks in parallel both at the personal level for an individual users and also for the ecosystem as a whole.

The first DeFi operation Sympson will focus on is perpetuals. The volatility of the cryptocurrency market, particularly with perpetuals, creates significant challenges for traders:

• Timing Issues: Traders often fail to make the right trade at the right time due to emotional biases or lack of real-time information.

• Risk Management: Managing leverage and stop-loss strategies can be difficult, leading to potential losses or liquidations.

• Market Complexity: Identifying trends, key support and resistance levels, and interpreting market sentiment requires advanced skills, data analysis, and constant monitoring.

Sympson solves these problems by executing trades on behalf of the user, continuously analyzing market conditions, and adjusting strategies autonomously. This minimizes the emotional aspect of trading, maximizes profitability, and saves users time and energy.