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A decentralized finance (DeFi) platform, Aarnā, launched an AI quant token, ₹802, during the India Blockchain Week (IBW) event in 2024. The release came after the completion of its launch at Token2049 Singapore, where it made a lot of attention due to the unique solution offered by the protocol in the DeFi space.
₹802 employs enhanced artificial intelligence approaches and addresses challenges such as volatility and centralized risks for steady and efficient crypto investing. At the helm of it is the alpha 30/7 deep learning model that deals with more than 90 features, such as activities on the blockchain and market sentiment. This model independently adjusts the portfolio weekly, choosing the best-performing crypto assets. Stablecoins, including USDC, USDT, or DAI, can be used to buy ₹802 tokens anytime.
Aarnā’s app, compatible with iOS and Android platforms, provides this easy investment process. Users maintain full custody of their assets, there is no counterparty risk, and performance is easily monitored.
Aarnā’s entrance into India highlights corporate intentions to support decentralized finance, increasing demand in the market. With long-existing issues, such as speculative risks and restrictions existing in the project, ₹802 offers the community a systematized approach to crypto investments.
Applying AI to the product eliminates the need for users to engage in speculative trading because it offers informed portfolio rebalancing. This can reduce risks while improving the clarity and protection of investments.
During IBW 2024, Sri Misra, Aarnā’s founder and chief architect, highlighted that Aarnā offered users the means to build their financial future while being accountable. Misra emphasized that Aarnā aims to redefine asset management in the digital age using AI and tokenization.
Aarnā is directed by Srikumar Misra, an experienced entrepreneur who wants to tackle trust issues in finance. Some of Misra's previous ventures include Milk Mantra, the first VC-funded dairy startup that has established new benchmarks in ethical sourcing and profitability.
Similarly, with Aarnā, Misra aims to replicate success in the financial industry by embracing technologies such as AI and blockchain. His contributions also include participation in matters in the public sector, like blockchain applications in agriculture.
Aarnā is a DeFi asset management platform that enhances financial asset management through AI, tokenization, and a user-oriented interface. The company laboratory in India aims to develop the protocol's technological aspect to establish a strong foothold in both global and Indian markets located in Singapore.
