- Starknet is allowing AI agents from Giza to be deployed on its blockchain to carry out on-chain activities like optimizing yield and reallocating portfolios.
- The AI agents will initially focus on yield aggregation, finding the highest returns and depositing funds accordingly. Later releases will enable portfolio optimization based on user risk appetite.
- The agents leverage Starknet’s account abstraction and zero-knowledge proofs to perform on-chain tasks autonomously while maintaining privacy and security.
Starknet, an Ethereum layer-2 blockchain, is preparing to allow artificial intelligence (AI) agents on its network that can autonomously perform on-chain activities for users. This development promises to bring automation and efficiency to blockchain transactions.
What Are These AI Agents and What Can They Do?
The AI agents are being developed by Giza, a firm aiming to integrate AI into blockchains. Giza raised $3 million in July 2022 to fund this effort.
According to Giza co-founder Ren Korzay, the AI agents will deploy on Starknet by the end of June 2022, with other chains to follow.
The agents will be able to:
- Aggregate yields by finding the highest returns across different platforms
- Act as robo-advisors to determine optimal portfolio allocations
- Provide liquidity on decentralized exchanges
- Make leveraged bets and predict price movements
Users will set the strategy, and the agents will autonomously execute transactions based on that strategy.
How Will the AI Agents Work on Starknet?
The AI models are built using Starknet’s Cairo programming language and leverage zero-knowledge proofs created by Starknet’s parent company StarkWare. This allows computations to be verified without revealing sensitive information.
Since all accounts on Starknet are smart contracts, proofs can be verified directly within the contract. This enables the AI agents to autonomously sign off on transactions.
Initially, Giza will audit agent strategies before they are deployed. Eventually, the agents are expected to become fully autonomous through the Giza Protocol, which will provide cryptographic and cryptoeconomic security.
The Promise of On-Chain AI
On-chain AI promises to abstract away blockchain complexities and risks from users. As Ethereum co-founder Vitalik Buterin has noted, AI could help users understand on-chain activity but should be applied carefully in enforcing rules.
If successful, these autonomous agents could become a new application layer for Web3, expanding accessibility for billions of potential users. However, developers emphasize that progress will require meticulous testing and security measures.
