Airavat, a Telegram-based crypto chatbot, has launched in limited beta, offering users a range of functionality, including support for 600+ USDT trading pairs, staking for Tezos, Polygon (MATIC), and Ethereum, and full deposit-withdrawal support for Tezos, MATIC, Ethereum, USDT, and USDC on the XTZ and ETH networks.
The chatbot is currently sourcing liquidity from a few large centralized exchanges (CEXes) and is looking to add more sources from both the CeFi and DeFi ecosystems.
Staking support is provided through Airavat’s own validators or partnerships with leading staking infrastructure providers. To help users navigate the new platform, Airavat has created a set of 1-2 minute walkthrough videos that cover all available functionalities, including deposit, withdraw, swap, and stake.
With the increased adoption of cryptocurrencies, the demand for accessible and user-friendly services has grown. Airavat aims to provide a simple and efficient way for users to access a range of crypto functionality on Telegram, a platform with over 500 million active users.
The chatbot’s support for a wide range of USDT-based pairs and its integration with major cryptocurrencies such as Tezos, Polygon, and Ethereum is likely to appeal to crypto enthusiasts looking for a reliable and easy-to-use platform to conduct trades and manage their assets.
Airavat’s decision to offer staking support is a significant feature, as it allows users to earn passive income on their assets while holding them. The chatbot’s partnership with leading staking infrastructure providers will likely ensure that users receive competitive staking rewards.
Recently, Airavat raised $165K in pre-seed funding from prominent EU- and MENA-based crypto investors. The funding will be used to fulfill the chatbot’s vision of becoming a mega-aggregator of CeFi) and DeFi liquidity, providing users with a simple chat interface to conduct operations spanning networks and platforms in under 30 seconds.
Previously, the platform had received $90K through grants from Polygon Network (MATIC), Harmony (ONE), and Mina protocol (MINA).
Airavat’s vision includes support for swaps, staking, borrowing and lending, and bridging across coins, networks, and platforms. By bridging and provisioning liquidity on all blockchains, networks, and platforms that it supports, Airavat aims to make these functionalities available to users in a transparent manner.
With its AI-powered technology and seamless integration with Telegram, Airavat aims to provide a user-friendly and efficient solution for crypto enthusiasts to access and manage their assets. The chatbot’s focus on both CeFi and DeFi liquidity is a significant advantage, allowing users to access a range of options without the need to switch between multiple platforms.
Airavat’s successful pre-seed funding round is a testament to the growing demand for accessible and user-friendly services, as well as the potential for AI-powered solutions in the crypto industry.
Airavat stands out from other crypto tools with its unique attributes. Firstly, it provides users with a unified interface that simplifies complex multi-step crypto operations, enabling them to navigate and execute their desired actions with ease.
Moreover, Airavat offers single-hop bridges for swaps, staking, and borrow/lend functions, which allows users to transact across coins, protocols, and networks without complications. This feature streamlines the transaction process and saves users time, making it a more efficient option for managing their crypto assets.
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