Fungi simplifies on-chain transactions and DeFi strategies for users. The platform provides access to expert crypto insights, enabling users to navigate the complexities of decentralized finance more effectively.
Funding
Funding not disclosed
Founders
Product
Problem
Many users find it challenging to navigate the complexities of decentralized finance (DeFi) and optimize yield across various protocols and networks. Manually reallocating capital to maximize returns requires constant monitoring of APRs, rewards, gas costs, and risks, which can be time-consuming and technically demanding.
Solution
Fungi offers an AI-powered DeFi agent that automates on-chain capital management and yield optimization across multiple protocols. Focusing on USDC yield maximization on the Base network, Fungi evaluates protocols like Aave, Morpho, Fluid, and Moonwell every 24 hours, considering APRs, rewards, slippage, gas, liquidity, and risk to determine optimal capital reallocation. The platform operates through a session-key-based smart account system, enabling autonomous execution of yield strategies without taking custody of user assets. All actions are performed on-chain, transparently, and within user-defined permission boundaries, ensuring funds remain under the user's control.
Target Audience
Fungi targets DeFi users seeking automated, non-custodial yield optimization on their USDC holdings, as well as developers interested in building advanced AI Agents with DeFi capabilities.
Features
- AI-powered agent for autonomous DeFi yield optimization
- Non-custodial operation through session-key-based smart accounts
- Daily evaluation of supported protocols including Aave, Morpho, Fluid, and Moonwell on the Base network
- Automated capital reallocation based on APRs, rewards, slippage, gas costs, liquidity, and risk assessment
- Transparent on-chain execution within user-defined permission boundaries
- Support for USDC yield maximization
- Integration with Thirdweb for streamlined user onboarding
- $FUNGI token incentives for platform users