Challenge
Breaking Barriers in DeFi with AI
Last updated
Breaking Barriers in DeFi with AI
Last updated
The DeFi landscape offers vast opportunities, but the journey to navigate it is fraught with challenges that deter widespread adoption. From complexity to usability and security concerns, these obstacles create friction for both novice and experienced users. Here are the primary challenges that Orisi aims to solve:
DeFi is inherently complex. Users are expected to understand not only how DEXs work but also how to manage multiple wallets, handle token swaps, token slippage, and bridge between various blockchain protocols. For beginners, the steep learning curve can be overwhelming. This complexity creates a barrier to entry, preventing many from participating in DeFi and enjoying its benefits.
Traditional DeFi interactions require users to set up and manage their wallets, often dealing with multiple private keys and addresses across different platforms. This introduces the risk of losing access to funds if private keys are mishandled. The process of connecting wallets to DeFi services via external solutions adds an additional layer of complexity and friction.
To execute a single transaction, users often have to switch between multiple applications or platforms. For instance, they may need one app to analyze market trends, another to execute a trade, and yet another to manage their wallet. This fragmented experience increases the likelihood of errors and adds unnecessary friction to an already complex process.
The existing DeFi platforms lack real-time, intuitive interactions. Users have to manually monitor price fluctuations, execute trades, and manage portfolios. These tasks are time-consuming and error-prone, especially in fast-moving markets. The lack of a real-time, AI-driven assistant means users are missing out on valuable insights and seamless transaction automation.
The majority of DeFi platforms are only available in a few major languages, excluding a large portion of potential global users. Non-English speakers or those unfamiliar with technical jargon often find themselves alienated from DeFi, limiting its mass adoption.
DeFi transactions happen in a trustless environment, meaning users bear the full responsibility of securing their assets. Phishing attacks, compromised wallets, and malicious smart contracts are constant threats in the decentralized world. In addition, the reliance on external wallet management solutions introduces vulnerabilities, such as session hijacking or loss of private keys.
Current platforms offer little to no personalization, making it difficult for users to customize their experiences or tailor their interaction with DeFi based on individual needs. As DeFi evolves, the lack of dynamic and personalized interfaces becomes a significant limitation.