Fetch.ai launches AI 'agent' to counter DeFi impermanent losses

Cambridge-based AI blockchain startup Fetch.ai has launched a DeFi (Decentralised Finance) Agents toolkit to greatly improve the experience of such "Web 3.0" applications. Fetch.ai made our innovative companies to watch in 2021 list for its grand vision to build a decentralised network of autonomous "agents" that perform real-world tasks. For most companies, that plan could sound almost impossibly ambitious--but Fetch.ai has the talent and resources to pull it off and continues to gain votes of confidence by signing partnerships with the likes of Bosch, Festo, and IOTA. The company's mainnet went live in March 2021 and has been ramping up its announcements since. The new DeFi Agents toolkit app is the latest in a barrage of announcements and allows users to customise stop-loss parameters on decentralised exchanges.