IQ AI "Advancing DeFi Popularization with Agent AI" [Cointerview]

Source

Bloomingbit Newsroom

Summary

IQ AI announced that, based on its self-developed ADK and MCP technologies, it will enhance DeFi accessibility and support automated financial activities with agent AI.
IQ AI and NEAR Protocol have entered into a partnership and reported that they are conducting strategic investments by mutual token purchases and staking.
IQ AI stated it will accelerate market expansion by preparing various projects such as the IQ token cashback card along with its entry into the Korean market.

Navin Vethanayagam, Co-founder of IQ AI Interview

Popularizing DeFi with Agent AI

Collaborating with NEAR to Build Real-World Use Environments

"Great Interest in the Korean Market...Preparing for Entry"

*Navin Vethanayagam, Co-founder of IQ AI // Photo=IQ AI*

"The biggest barrier to decentralized finance (DeFi) is its complex accessibility. We believe agent AI is the tool that can overcome this."

Navin Vethanayagam, co-founder of IQ AI, stated this in an interview with BloomingBit on the 18th, explaining, "IQ AI is a platform that provides the optimal environment for launching and operating tokenized AI agents more easily."

"Agent AI to Greatly Enhance DeFi Accessibility"

IQ AI is a platform that allows anyone to create agent AI that can automatically perform various financial activities such as trading, lending, and borrowing in the DeFi environment. Users can easily implement AI agents and deploy them on-chain to automate complex DeFi transactions such as trading, lending, and borrowing.

The core of this is the self-developed 'ADK (Agent Development Kit)'. Co-founder Vethanayagam explained, "With ADK, anyone can develop agents specialized for DeFi directly."

Additionally, it supports the 'MCP (Model Context Protocol)' function, which enables connectivity with various DeFi protocols and blockchains. He stated, "MCP is a plugin that allows agent AI to understand the environment of each DeFi protocol and function accordingly," adding, "With it, users can easily connect their agent AI to various blockchains such as NEAR Protocol and Frax."

He continued, "Due to the complex structure of DeFi, the number of monthly users remains at about 7 million. To lead 600 million centralized exchange users into DeFi, automated agent AI is essential," and added, "In the future, people will deposit assets and generate returns in DeFi through AI agents."

Partnering with AI Blockchain 'NEAR Protocol'... "Pushing for Full-scale Commercialization"

On the 14th, IQ AI officially announced its partnership with NEAR Protocol and revealed that its self-developed ADK has been integrated into NEAR Intents. NEAR Intents is a protocol that enables secure and automated transactions among AI agents, users, and decentralized services.

IQ AI also developed an MCP specialized for NEAR Intents, allowing AI agents created on the platform to operate directly on NEAR Intents. Co-founder Vethanayagam remarked, "NEAR is a blockchain optimized for real-life adoption of agent AI," and noted, "Through this collaboration, we plan to push for the full-scale commercialization of IQ AI."

The two companies also signed a financial agreement based on token purchases and staking. IQ AI will purchase and stake NEAR tokens, while NEAR will purchase and stake IQ tokens as well, embarking on liquidity provision and governance participation. He explained, "Both sides are making strategic investments in each other's ecosystems."

"Korea is a Core Market...IQ Token Cashback Card Also in Preparation"

IQ AI also expressed special interest in the Korean market. Co-founder Vethanayagam emphasized, "Korea is one of our most important markets," adding, "We will actively participate in various events and expand investments and events."

He particularly mentioned, "We are preparing a credit card project that offers cashback in IQ tokens," and introduced it as "an important project currently in its early stages, being pursued as part of market expansion in Korea."

He also noted the fact that the Lee Jae-myung administration mentioned the need for a Korean won stablecoin. Co-founder Vethanayagam said, "Korean citizens are already actively participating in virtual assets ahead of the government. Now, the government is just starting to catch up," adding, "We are closely observing the situation in Korea and making preparations."

However, he emphasized that regulatory improvements must come first to implement practical blockchain services in Korea. He stated, "Korean developers need clear regulations to build something," and predicted, "If the government provides clear direction, Korea's blockchain ecosystem will rapidly get on a growth trajectory." He further projected, "The Korean market will face a turning point, expanding from simple spot trading to a much broader digital asset ecosystem."

Hwang Doo-hyun, BloomingBit Reporter cow5361@bloomingbit.io