Almanak has completed a $8.45 million funding round, receiving backing from major players in the crypto industry to develop AI solutions in DeFi.
Funding Backed by Major Crypto Firms
Almanak, a platform utilizing AI in decentralized finance (DeFi), has raised **$8.45 million** from notable crypto firms such as **Delphi Labs, HashKey Capital, and NEAR Foundation**. The aim is to **develop AI-assisted decision-making frameworks** for improving financial strategy efficiency.
This marks a significant shift in how DeFi strategies are developed, focusing not only on static automation but also on **integrating market pattern analysis through AI**. This approach allows for **more dynamic risk management**, enhancing strategy adaptability.
While enthusiasm in the crypto community is palpable, **no prominent figures have publicly commented** on this funding news. Nonetheless, the backing from established investors **suggests strong confidence** in Almanak's innovative potential.
AI-Driven Adaptability and Impact on DeFi
**Did you know?** Almanak’s approach parallels early DeFi innovations, much like [Yearn Finance’s vaults](https://almanak.co/almanak-litepaper.pdf), yet aims to transcend mere automation by leveraging AI for advanced market analysis.
For Almanak's strategies, **Ethereum (ETH)**, a crucial infrastructure component, currently holds a price of **$4,477.17**, with a market cap of **$540.43 billion**, according to **CoinMarketCap**. Over the past 90 days, ETH has surged by **88.14%**, reflecting robust market interest. Trading volume in the past 24 hours reached **$27.73 billion**, with a slight **0.88% price increase** in the last day.
Future of Financial Management in DeFi
**Insights from the Coincu research team** indicate that as centralized platforms adopt AI, **regulatory oversight may increase**, demanding transparency in algorithmic decision-making. **The potential rise in AI-based strategies** could reshape traditional financial models, making **risk management more dynamic**.
The funding of Almanak underscores the rising interest in integrating AI into the DeFi sector, potentially leading to significant changes in financial management and strategic effectiveness.
