BalanceAI — Weekly Report

BalanceAI Network
2 min readFeb 11, 2024

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Weekly Report — February 11, 2024

Introduction

Welcome to our weekly update, a summary of the most recent progress and achievements in our project. To access the previous update, please click on the following link: Weekly Report — February 4, 2024

Let’s examine the main highlights from the previous week:

1. Performed internal audit on v0 sources

Resulted in a need to upgrade libraries to be inline with latest updates on Substrate side (to be completed next week).

2. Continuing tests of staking and validation on v0 AlphaBalance Testnet

Balance AI V0 Test chain — BalanceAlpha

3. Open-sourced Balance AI Risk model

Check out full article at: AI Expert System to Boost Trading

Balance AI Risk framework (including example risk models) can be found at: https://github.com/balancedao/balance-ai-risk

4. Grant Programme for the risk management strategies

We’re in the process of documenting essential elements to introduce a grant program next week to enhance risk management strategies. Stay tuned for further updates!.

5.Engaging with leading validators group(s)

We are in discussions with a prominent group of validators with the intention of bringing them on board as validator providers for our network.

6. Audit companies

Continuing discussion with auditing companies to choose the best offer.

7. Balance AI Wallet — Alpha version

Alpha version of Balance AI Wallet in tests right now.

To stay updated with our latest news and developments, be sure to follow us on our official channels.

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BalanceAI Network
BalanceAI Network

Written by BalanceAI Network

BalanceAI is an open-source protocol that powers a decentralized, blockchain-based AI Models Marketplace.

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