US-based startup Axal is leveraging AI agents to automate crypto trading, catering especially to non-technical users who may not be day traders or DeFi experts. Their Autopilot tool allows users to set personal risk tolerance and restrictions for trading cryptocurrencies and stablecoins. Currently operational on Ethereum’s Layer 2 chains such as Base and Optimism, Axal plans to integrate additional chains soon. Users can fund their accounts either through crypto wallets or via email and Venmo. The tool enables a wide range of trading functionalities, including stablecoin yield collection and trading various tokens. Axal incorporates on-chain verification to confirm task execution by the AI agents, aiming to minimize errors, or 'hallucinations', that AI might produce. Future enhancements may lead to AI capabilities extending beyond trading, including automating personal tasks like food delivery or travel booking. Axal's team emphasizes the importance of assuring users that the AI will follow their specific directives accurately.

Source 🔗