This is what a Ymax action looks like on Axelarscan 💪
A user’s agent initiated a rebalance. Ymax checked their on-chain mandate, and because the action is within scope, each cross-chain step is sent as an Axelar message.
https://t.co/lg2lNbq2N3
Ymax 🤝 @axelar
Ymax uses Axelar General Message Passing to deliver each cross-chain instruction from Agoric to Ethereum, Base, Optimism, Arbitrum and Avalanche.
This lets institutions and agents ✨easily and safely✨ optimize their portfolios.
One user intent, many chain-specific actions.
Learn how @Ymaxapp turns a single signed intent into a coordinated sequence of actions across multiple chains, with Axelar carrying its instructions. 1/4 🧵
Sign once on Ymax. Axelar carries every step to Ethereum, Base, Arbitrum, Optimism and Avalanche, and each hop is verifiable on Axelarscan. Proud to build with @axelar 🤝
Ymax (@Ymaxapp), a non-custodial portfolio management dapp built by @agoric, has integrated Axelar to enable cross-chain deposits, withdrawals, and rebalances with one signature.
Update on today's Binance incident:
Ymax has no exposure to Binance, and none of the protocols Ymax uses have reported an exploit.
As a precaution, Aave and Compound have paused new deposits on some markets, so Ymax has automatically paused deposits into those instruments.
Existing positions are unaffected and withdrawals are operating normally. We’re monitoring and will post when deposits reopen.
Most treasuries don’t miss better rates because they can’t see them. They miss them because acting means a stack of steps and signatures, and doing it all again when rates move.
Ymax makes the whole move one signature, always self-custodial.
https://t.co/uLYvFvTQyh
Explore AI. Keep Control.
Put your agents through their paces to understand the limits of their authority before they ever touch a dollar.
New resource: https://t.co/Sb6rm8POBf
Yield orchestration, defined:
You state the portfolio you want. The system works out every withdrawal, bridge and deposit needed to get there, across chains, and carries them out under one signature. Nothing is pooled. You keep ownership throughout.
That's what Ymax does.
An agent can be brilliant on Monday and go off the rails on Tuesday. Same model, same prompt. So what do you do?
@DeanTribble on how you restrict agents, Agentic Capital panel at Agentic Summit by @moreandmorebd, TOKEN2049
Capability isn’t the problem. Trust is.
@DeanTribble at Onchain Day by @Wrappedxyz on why people still won’t let agents near their capital.
Stay tuned for the full talk.
Thank you to everyone who came out to the Agentic Finance Summit at Token 2049 and joined us for the Agentic Capital panel!
With so many smart people working towards the same goal, we're getting closer to the great unlock in agentic finance.
Token2049 week in 5 themes:
1. wall street onchain
2. agents
3. stablecoins
4. privacy
5. institutional defi
@Ymaxapp sat right where agents and institutional defi collide.
Everyone wants agent intelligence;
nobody wants to hand an agent the keys.
Agents get jailbroken. Agents go rogue. Agents can't police themselves.
You wouldn't let the executive also be the judge.
So: agent proposes, onchain mandate decides what executes.
Money that follows rules anyone can check. That's the whole point of crypto.
Agents just raised the stakes.
essentially delegate the capital only, not the full control
an agent acting under a mandate has "control" of the capital insofar as it's acting within the approved boundaries
This is in contrast to the idea that in order to get value out of a financial agent, you need to give it broad permissions to "do whatever it wants"
The safest system isn't the one with no autonomy.
It's the one where autonomy has structure.
@DeanTribble of @Ymaxapp by @agoric on the endgame for secure agent delegation.
Decades of research were early. Now they're right on time.
Brought to you by @wrappedxyz and @realmotioninc
Good morning Token2049 🫡
Join us at the Agentic Finance Summit this evening.
Agentic Capital: Giving Agents the Power to Decide
6:30 PM
Learn more about what institutional-grade agentic trust looks like 👇
https://t.co/fVs1vf1VlB