Eido Labs
Eido is a decentralized AI platform built for defi power users to simplify and automate their day to day action. Think GPT but for DeFi. It gives you specific information, allows you to execute tasks onchain all with simple prompts. Few examples below:
1. Hey Eido, Can you tell me about this new shiny L1 called berachain?
2. Hey Eido, Can you tell me what does proof of liquidity (POL) mean?
3. Hey Eido, Berachain looks cool, but I don't know how to get started. Can you help?
4. Hey Eido, What is BGT and how do I maximize my earnings through the highest risk possible?
Eido does anything and everything for you.
The Vision: (WHY)
We got excited about this problem statement by looking at our day to day practices. There are hundreds of chains, hundreds of protocols, thousands of pools, a handful of new primitives, where does an average user start?
At the same time, we are seeing a huge innovation with AI tools to solve our day to day activities such as search, development, design, thinking, art and so on. But major LLMs today don't help a crypto user with specific information and execution to make their life easy. That’s WHY Eido.
Eido’s vision is to become a MLM (medium language model) focused on crypto to solve crypto specific use cases. What does that look like? Few examples below:
1. If a user wants to learn about a new L1 with a new primitive, Eido will help them step by step starting with information and leading to execution (i.e where a user actually deploys capital through the eido interface)
2. If a user wants to automate their crypto investments through decentralized platforms, eido will help them with, a: where to put your money (risk adjusted, user defined), b: duration of investment, c: choice of ecosystem user wants to take part in, d: deploying capital.
3. Crypto rewards participation, Eido also makes it easy for a user with limited capital to explore new ecosystems and potentially earn rewards (through airdrops). Our vision with this is to make sure even someone with $50 can maximise their portfolio with smart incentives farming using AI
The Mission: (WHAT)
The Mission of EIDO is to make crypto usable.
Eido’s core contributors, having spent a lot of time in crypto, understood that with current structure apart from fiat, moving to majors using ETFs alone is not going to make crypto mainstream. We have to make tools, apps which make it easy for users to understand what's happening with their money without the alien crypto slang.
That’s our mission and we are building products to make that reality happen.
The Strategy:
We understand that the above vision is going to take lot of work, but here’s how we plan to achieve:
1. Design a useful MLM (Medium Language Model) to solve L1 abstraction:
Currently, understanding new primitives remains hard even for a crypto native user as crypto is growing extremely rapidly. We are designing a product to help users with specific information in a crypto native along with execution onchain allowing them to put skin in the game.
2. Build multiple prototypes for consumer adoption:
We will experiment with multiple products, features to fix every major pain point creating friction for adoption. I.e solve defi friction by building multiple layers of execution which allows a defi power user to do pretty much everything (providing lp, minting and staking lp tokens, trading perps, farming funding rates, auto compounding positions etc). We will continue innovating until we make crypto usable.
Evolving With the Market
Crypto moves fast. Markets evolve, narratives shift, and technology progresses. Unlike rigid models, EIDO is designed to adapt, ensuring it stays at the forefront of innovation. Nothing is set in stone the vision, execution, and structure of EIDO will evolve based on experimentation, market needs, and learnings from real-world adoption.