AI Agent Hedge Fund Provides Update
ai16z, the autonomous agent powered hedge fund, provided an update into its progress this week.
The Deets
- Next Steps: AI Marc will soon trade autonomously, collecting community suggestions and executing trades based on public recommendations.
- Incentives: A leaderboard will track successful suggestions, building a trusted network for AI Marc’s trade decisions.
- Access: Initially available to holders of $ai16z only, with an exclusive alpha chat for collaboration.
- Funding Strategy: The team is avoiding token sales to pay developers, focusing on donations and grants to fuel the project.
The Bulk
AI Marc’s recent test swap represents a significant step toward the creation of an autonomous trading agent within a decentralized autonomous organization (DAO). Designed to interact with its community, AI Marc will not only trade but also assess community suggestions to form a trading “thesis.” With randomized trade intervals between five minutes and five hours, it aims to avoid front-running tactics while strengthening its role as a fair, community-focused agent.
The incentive for users to provide sound trading ideas lies in a public leaderboard that highlights trusted contributors. As AI Marc builds a trust score system, it will favor suggestions from those who have consistently contributed profitable trades, reinforcing a transparent and merit-based recommendation process.
In terms of funding, the project is committed to avoiding token sales to finance development, with lead developer Shaw relying on liquidity provider (LP) rewards instead. The team has already secured a $50,000 donation from the Jupiter CEO and is open to future donations and grants as the project evolves.
🔜 What's Next?
Expect AI Marc to perform its first autonomous DAO-based swap in the coming week, with future expansions planned beyond the DAO structure.
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