The Good Tech Companies - Why is edwin Betting on Chat to Solve DeFi's Biggest Problem?

Episode Date: June 26, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/why-is-edwin-betting-on-chat-to-solve-defis-biggest-problem. edwin launches a public AI terminal, using a chat interface to make decentralized finance (DeFi) accessible. Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories. You can also check exclusive content about #edwin, #defi, #cryptocurrency, #ai-terminal, #good-company, #ai, #web3, #blockchain, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. edwin launches a public AI terminal, using a chat interface to make decentralized finance (DeFi) accessible. Can this new approach solve DeFi's user retention problem?

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Why is Edwin betting on chat to solve DeFi's biggest problem, by Aishan Pandey? Can a simple conversation unlock the future of decentralized finance? What if interacting with the complex world of decentralized finance was as simple as sending a text message? For years, the promise of DeFi, a parallel financial system built on blockchain technology, has been available to a select few who could navigate its steep learning curve. Now, an emerging Web3 start UP Edwin has publicly launched an AI terminal, a move that signals a potential shift in how people interact with this emerging financial landscape.

The release aims to transform complex financial transactions into simple conversations, potentially opening the doors of DeFi to a much broader audience. The traditional gateway to DeFi has been the crypto wallet. While essential for holding assets, these wallets often present users with a daunting array of options for swapping tokens or earning yield, with interfaces that can be unintuitive for newcomers. This complexity has created a significant barrier tone tree. AI is now being introduced as a new layer to simplify this experience. By integrating artificial intelligence, the goal is to translate human language into machine-executable commands on the blockchain.

The Edwin terminal IS designed to be this bridge, giving users a conversational way to manage their investments through intelligent agents. A new gateway for the next wave of USERS the Edwin AI terminal provides a user interface that connects to various DeFi applications through a chat window. After a user connects their existing web wallet, they can begin typing commands in natural language to a smart AI agent. This agent then interprets these commands to access a wide range of on-chain protocols for trading, lending, or generating yield.

The process is designed to remove the multiple, often confusing steps typically required to perform such actions, replacing them with a single instruction. This approach is tailored for both beginner and intermediate users how understand the basic premise of DeFi but are often deterred by the intricate browser experience. A key aspect of the design is that users retain full control over their digital assets. The AI agent acts as an intermediary that can only execute actions based on direct and explicit user commands. This is a crucial distinction in an industry where security and ownership are paramount. This model is often referred to as, non-custodial, meaning the user, and only thesir, holds the

cryptographic keys to their funds. Edwin does not take possession of user assets at any point. Liran Markin, the chief executive officer of Edwin, articulated the vision behind the launch. We believe that DeFi should be as easy as chatting," Marken stated. The new Edwin terminal is our way of making on-chain finance finally accessible to the average user. It's secure, powerful, and highly intuitive. This sentiment points to a broader industry challenge. Research indicates that a significant number of new users, approximately

65%, abandoned decentralized applications after their first interaction. This high rate of disengagement is largely attributed to poor onboarding experiences and confusing interfaces, which has stalled mainstream adoption of DeFi. The technology behind the conversation to function, the Terminal's AI agent utilizes a combination of technologies. AIT integrates LangChain, a framework for developing applications powered by language models, and Anthropic, an AI safety and research company. These are coupled with Edwin's proprietary MCP tooling,

which is specifically designed for executing DeFi transactions. This technological stack allows the AI to understand user requests and interact with a curated list of established DeFi services. It aggregates fundamental financial activities like trading, lending, and yield farming into one unified interface. Gal Weernig, the chief technology officer at Edwin, explained the technical goal. We've built this terminal for the next wave of crypto users, Weernig said. It combines wallet security, AI reasoning, and real DeFi tools, all from your browser. The intention is to abstract away the complexity without sacrificing functionality.

Instead of needing to visit multiple websites, understand different user interfaces, and manually connect a wallet to each one, a user could theoretically ask the Edwin agent to find the best yield for a specific asset, and the agent would then present and execute the optimal strategy upon approval. The core value proposition is the simplification of a fragmented and often intime dating ecosystem. By creating a single point of interaction that speaks Ouzer's language, the terminal aims to empower individuals to explore financial opportunities across different blockchains, a concept known as Omnichain, with greater clarity.

The AI is not just a chatbot, but an execution tool that leverages large language models to reason and act on financial instructions within the secure environment of the user's own wallet. Final outlook The launch of the Edwin AI terminal represents a logical and perhaps necessary evolution in the DeFi space. The technology's core promise has always been one of democratization, yet its practical application has been anything but democratic. The user experience has been the single greatest impediment to widespread adoption. While early adopters were willing to tolerate clunky interfaces and a high degree of technical knowledge,

the next hundred million users will not. Edwin's approach of using a conversational AI interface is a compelling solution. It leans into a user behavior that is already universal, chatting. If the execution is as seamless as the concept, it could significantly lower the barrier to entry. The non-custodial design is critical, without it, the product would be a non-starter for the security-conscious crypto community. The true test will be in the AI's reliability and the breadth of its integrations.

Can it really understand the nuances of a user's intent and execute transactions flawlessly and optimally across a wide range of protocols? The potential for error, misunderstanding, or exploitation in an AI-mediated financial transaction must be infinitesimally small. Essential for error, misunderstanding, or exploitation in an AI-mediated financial transaction must be infinitesimally small. Ultimately, the success of Edwin and similar platforms will depend on building trust. Users must trust not only the security of the underlying code but also the reasoning capabilities of the AI.

The company's challenge will be to prove its robustness and safety over time. If it succeeds, the concept of a DeFi agent could become the standard, moving the industry away from manual clicks and toward goal-oriented instructions. This is a meaningful step toward fulfilling DeFi's original mission of creating a more open and accessible financial system. The journey is far from over, but this is a significant development to watch. Users can access the terminal at Terminal, Edwin, Finance, Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program.

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