Supra CEO: "Revolutionizing the Blockchain Market with Automated Finance Technology 'AutoFi'" [Cointerview]

Interview with Joshua Tobkin, Co-founder and CEO of Supra

A single chain performs diverse functions

Automated trading feature 'AutoFi' is the core

"AutoFi maximizes risk management and profit"

More sophisticated automation strategies possible through 'TAO'

"Supra's automated decentralized finance (DeFi) platform 'AutoFi' automates risk management and profit generation for DeFi. Not only developers but also general users can easily implement complex trading strategies."

Joshua Tobkin (photo), CEO of Supra, said in an interview with BloomingBit on the 25th, "AutoFi will bring many changes to the blockchain market." AutoFi is an automated financial technology system in which asset trades are performed automatically on the blockchain once predefined conditions are met. We spoke to CEO Joshua about Supra's strategy and vision as Supra is pushing innovation in DeFi with AutoFi at the forefront.

Supra emphasizes its 'vertically integrated Layer-1,' which, unlike conventional Layer-1 blockchains, enables smart contracts, Oracle, AutoFi, and cross-chain communication all within a single chain. CEO Joshua explained, "Traditional Layer-1 blockchains face slowdowns and security vulnerabilities when expanding functions by using external services." He continued, "Supra provides all services on a single chain, thus enhancing speed, security, and developer convenience."

Supra's core feature, AutoFi, automatically executes trading strategies based on various criteria, such as price, time, external events, and market sentiment. For example, if the price of Bitcoin exceeds a certain threshold or signs of global economic instability are detected, it automatically converts Bitcoin into stablecoin.

He said, "Most blockchains do not have automation features built in. Through AutoFi, developers can automate DeFi protocols and optimize risk management and portfolio strategies." He added, "Since we provide a code-free, AI-driven interface, even general users can easily create automated trading strategies."

Supra has also introduced its AI-based 'Threshold AI Oracle (TAO).' CEO Joshua explained, "TAO is a technology where AI nodes analyze and discuss market sentiment, news, and global events, and record these on the blockchain." He stated, "This enables much more sophisticated automation strategies than previous oracles."

Supra will also soon unveil its cross-chain communication protocol 'Supra Nova,' which operates without a bridge. This is aimed at greatly improving connectivity and transaction speed between blockchains and providing new opportunities for both developers and investors.

Supra expressed strong interest in the Korean market as well. Supra previously attracted investments from domestic companies such as blockchain venture capital firm Hashed and Netmarble's blockchain subsidiary MARBLEX. CEO Joshua stated, "Supra will position the Korean Web3 market as a core market, and I expect Korean developers will create innovative services leveraging Supra's technology."