The post AI agents are not agentic appeared on BitcoinEthereumNews.com.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. If I am to believe AI agents are the next big thing, here’s what I’d like it to minimally do: “Dear AI agent, take control of my wallet and generate a minimum 30% APY while maintaining a conservative risk profile to avoid excessive exposure.” 30% is not a lot in crypto terms, but it’s enough to beat the S&P 500. Because I specified “conservative,” that agent would presumably err on the side of caution and only interact with DeFi smart contracts that have been battle-tested for at least a year. For instance, the agent might look to Pendle to lock my capital in a PT yield trade involving only “blue-chip” protocols like Ethena (USDe) or Aave (GHO), while avoiding new risky collateral like USUAL (currently 147%). Since I specified “30% APY,” the agent would presumably avoid a low yield PT like stETH (currently 3.2%). The agent may alternatively rationalize that given a bull market year, ETH would see a price point high of $5k, a 44% increase from today’s price. Rather than yield farming, the agent would simply invest my money into ETH and maybe stake it on Lido for a risk-free yield of 3%. Depending on market volatility and black swans that may crater the price of ETH, the agent should be quick enough to swap it back to a stablecoin in a timely fashion. Because I told the agent “conservative,” airdrop farming should strictly be out of the question given the long window of time between points farming and the projects’ actual airdrop (too much risk!). This isn’t an unreasonable benchmark — “Non-KYC AI agents on blockchain rails” are, after all, the rallying cry Crypto Twitter has coalesced around. As far as I can tell…

---

Filed under: News - @ January 2, 2025 6:25 pm