Axal Launches Autopilot AI Crypto Trading Tool

Axal, a US-based startup, has launched a new product called Autopilot, which combines crypto trading with AI agents. This tool allows users to automate their trading activities by setting a risk tolerance level and other restrictions. The AI agents can then execute trades based on these parameters, making the process more efficient and less time-consuming.

Autopilot currently supports Ethereum L2 chains such as Base, Optimism, and Arbitrum, with plans to add Solana in the coming weeks. Users can fund their accounts via crypto wallets or by using an email and funding with Venmo. Once the personal trading preferences and settings are set up, the AI agents can start working on the user's behalf.

The functionality of Autopilot is designed to be user-friendly, making it ideal for non-technical crypto enthusiasts who are not day-traders or DeFi experts. The tool can collect stablecoin yields, engage with DeFi tools, and trade various tokens including BTC, ETH, memecoins, and others. Users can also create a custom index of specific tokens for the AI agents to trade.

Axal's team is aware of the potential for AI hallucinations, where the AI might produce incorrect or irrelevant outputs. To mitigate this risk, Axal uses blockchain technology to verify that the requested tasks are actually completed as instructed. Additionally, they employ zero-knowledge co-processors and Optimistic oracles to verify information. If a model hallucinates, it still has collateral at stake and can be punished for mistakes, ensuring accountability.

Looking ahead, Axal has plans to develop more AI tools that can automate daily tasks such as ordering food for delivery or booking travel based on user preferences. The company believes that for the agentic feature to be successful, users need some form of guarantee that tasks will be executed as requested.

In summary, Axal's Autopilot represents a significant advancement in automated crypto trading. By leveraging AI agents, the tool offers users a seamless and efficient way to generate yields in the crypto market. This innovation not only enhances the trading experience but also paves the way for future developments in the integration of AI within the financial sector. As the crypto market continues to evolve, solutions like Autopilot will play a crucial role in making trading more accessible and profitable for a wider audience.