The Smart Ape 🔥 Profile picture
May 6 22 tweets 18 min read Twitter logo Read on Twitter
When AI meets crypto, a world of opportunities emerges. 🌍

Interested in learning about use cases, opportunities, and challenges in this field? 🔥

Keep reading! 📖

THREAD 🧵 Image
Before investing in any AI project you must understand the challenges and have a global vision

The integration of AI and crypto presents multiple opportunities, which we will explore in this THREAD. However, like all emerging technologies, there are pros and cons to consider

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Summary:
🔸Benefits
🔸Challenges
🔸Use cases for #DEFI
🔸Use cases for #NFT
🔸Use cases for #DAO
🔸Conclusion

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🔸Benefits
Improve Efficiency: The integration of AI in web3 applications can automate numerous tasks and decision-making processes, resulting in increased efficiency and productivity.

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Analytics: The analysis of the extensive on-chain data can be a time-consuming process.
However, by incorporating AI into big data analytics, insights can be generated more efficiently, and unwanted data points can be flagged, resulting in improved accuracy.

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Improve Risk Management: AI can help identify red flags and improve risk management processes, from complementing smart contract audits to automating risk monitoring processes in trading.

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🔸Challenges
Adoption: Adoption is still very limited to a small group of users. To increase adoption, AI must be applied to real use cases where people would use it without realizing it.

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Data privacy: Data privacy is a critical concern in this domain due to the vast amount of data used, especially in terms of usage and security.

Policies for data protection, usage, and security are essential.

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Technical: The integration of AI and blockchain technology presents technical challenges that necessitate project teams to have expertise in both areas.

Continued research and development of common standards in these fields will encourage innovation.

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🔸Use cases for DEFI
Smart contract audit: Everyone knows that AI is very good at correcting codes and finding red flags.

AI can help conduct smart contract audits more efficiently and quickly.

Example: chatGPT from @OpenAI

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Trade automation: Trading bots existed long before AI, but AI can make these trading bots more efficient. AI facilitates the management of your positions, risk management, profit-taking, etc...

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This is the case for trading but it is also possible to do the same thing with farming.
AI can make the search for yields, the management of positions, and the transition from one yield farming protocol to another more efficient…

Example: @Fetch_ai

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Predictive Analytics: AI can predict price changes or global trends from on-chain data developments.
This enables you to anticipate market evolution and identify risks and opportunities more quickly.

Example: @oceanprotocol

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🔸Use cases for NFT
Generative Art: Everyone knows that AI can be used to generate images. AI can therefore be used to generate art that can be used by NFT projects.

Example : @BinanceBicasso, @midjourney

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Interactive NFT: AI can be used to develop NFTs and therefore create smart NFTs or interactive NFTs (iNFT).
AI has the potential to enable iNFTs to absorb new metadata, which can shape their future interactions and personalities.

Example: @real_alethea

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🔸Use cases for DAO
Improve DAO operations: It is very easy for DAOs to get scattered and waste time on proposals that are not effective or not important. AI enables the DAO to focus on the important tasks defined by their strategic objectives.

Example: chatGPT

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Automatic voters: Most holders do not understand DAO proposals and therefore do not vote (centralization risk). AI ​​allows defining automatic voters based on the Holder's needs and global strategy. AI will vote in your place and ensure your interests.

Example : @valoryag

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🔸Conclusion
Blockchain is still a young concept, AI is an even younger concept. The two taken separately have incredibly interesting and revolutionary use cases.

Now imagine merging the two? A nuclear bomb!

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However, there are still developments and progress to be made but the following promises to be exciting.

DEFI, NFTs, DAOs, … have not yet finished evolving and AI will help them reach the top of what these concepts are capable of offering to users.

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More from @the_smart_ape

May 7
I spent some time making a @DuneAnalytics Dashboard that will make it easier for you to track smart addresses. 💰

You don't need any programming skills to use the Dashboard, I explain everything here! 💥

(Dashboard Link at the end) 👇

THREAD 🧵

0/6 Image
The principle of the Dashboard is simple, it gives you a graphic representation of wallet transactions for a given token with the price token variation.

It enables you to easily see when he bought when he sold, and at what price.
It is a smart address or not?

1/6 Image
The Dashboard takes 5 parameters as input 👇

2/6 Image
Read 11 tweets
May 7
I created my #memecoin : the $SAPE 🪙

Let me show you how you can create your own memecoin in 3 minutes! ⌛

(Only for educational purposes, do not use it to scam) ⚠️

THREAD 🧵 Image
In this THREAD I will show you how to create a memecoin from A to Z without any technical skills.

The objective is to show you how easy it is and that anyone can do it.

You've probably bought a token that was created as simply as that. ;)

1/
Steps to create a token:
1️⃣ Create the smart contract
2️⃣ Compile the smart contract
3️⃣ Deploy the smart contract
4️⃣ Use the token (create LP for example)

2/
Read 21 tweets
May 3
If you stake your $GLP on @GMX_IO don't do that anymore, I've got something better for you! 💥

I show you here a strategy that optimizes your yields on $GLP without risk (only smart contract) and without more exposure. 🤓

THREAD 🧵 Image
#DEFI is an incredible universe where the simplest solution is not always the most advantageous.

I show you here how to use @Flashstake and @pendle_fi two protocols that I love, to optimize your yield on $GLP.

1/
@Flashstake @pendle_fi I had already made THREADS on @Flashstake and @pendle_fi, if you don't know what they do you can go read these THREADS to understand better.

2/

Read 15 tweets
May 2
The @array_capital launchpad launches its first project: @mayfairfund 🚀

Why should you care or at least understand what @mayfairfund proposes? 👀

#RealYield, #Airdrop, Innovation, good tokenomics… Let's explore that 🔥

THREAD 🧵 Image
First of all, @array_capital is a launchpad whose vocation is to launch only protocols that offer a real yield to users.

If you want more details on this Launchpad, I invite you to read @DeFi_Made_Here thread, it's very well explained!

1/
@mayfairfund will be the first project launched by @array_capital on @arbitrum and @zksync!

This project can therefore be an opportunity to interact with @zksync if you haven't done it yet.

2/
Read 16 tweets
May 1
I spent time creating a dashboard that will enable you to find early smart addresses from on-chain analysis 💥

You don't need any programming skills to use this Dashboard, I explain everything here! 📋

dune.com/smart_ape/smar…

THREAD 🧵 Image
One of the easiest ways to find early good projects is to look for what the smart addresses are buying, those who manage to make X10, X100.

It is not always easy to find them, so I made a dashboard to make it easier for you.

1/
With this dashboard, you will be autonomous in your research.

The principle is simple, it gives you all the addresses that have bought a certain amount of a token in a time interval, and resold in another time interval.

2/
Read 18 tweets
Apr 29
What is a Concentrated Liquidity Market Maker (CLMM)? 📑

AND

Why is it important to understand this concept? 🔥

(explained very simply in 8 parts)

Level: Beginner 🔰
Reading time: 2 minutes ⌛️
THREAD 🧵 Image
0/8 Summary:
🔹Difference between AMM and CLMM
🔹CLMM: How it works
🔹CLMM examples
🔹CLMM advantages
1/8
The CLMM is an evolution of the Auto Market Maker (AMM) which allows users to optimize liquidity and enable DEFI users to better management.

Ok, but what is the real difference between AMM and CLMM?
Read 13 tweets

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