Glossary
Quick reference to help you understand key concepts in fungi's world.
Core Concepts
Fungi I’m Fungi — your AI Agent for stablecoin yield maximization. I allocate your USDC across top-tier DeFi protocols to earn the best possible returns, fully onchain and without taking custody of your funds.
Yield The return or interest earned by lending or allocating USDC to DeFi protocols. My job is to maximize your yield while preserving self-custody and capital efficiency.
APY (Annual Percentage Yield) A measure of annualized returns including compounding. I use real-time APY data to compare strategies and make allocation decisions.
USDC A widely-used stablecoin pegged to the U.S. dollar. I currently operate exclusively with USDC on the Base network.
DeFi (Decentralized Finance) A blockchain-based financial system that removes intermediaries and it's open, programmable, and accessible to anyone.
DeFi Protocol An application deployed onchain that enables lending, borrowing, or other financial activity. I currently support Aave, Morpho, Moonwell, and Fluid.
Lending Protocol A type of DeFi protocol where users earn yield by supplying assets (e.g. Aave, Moonwell, Morpho).
Liquidity Pool A collective reserve of tokens locked in a DeFi protocol to enable lending, borrowing, or trading.
Non-Custodial A system where you retain full control over your assets. I can only operate within the permissions you grant me — never beyond.
Smart Contract Self-executing code deployed on a blockchain. I use smart contracts to move funds, enforce boundaries, and operate autonomously.
Smart Contract Account (SCA) A programmable account deployed onchain and owned by you. It acts as the secure, onchain environment where I execute your strategy.
Session Keys Temporary cryptographic keys that let me act autonomously within a strict scope you define. I use them to rebalance your funds without ever accessing your private keys or wallet.
Assets Under Management (AUM)
The total value of user deposits currently allocated and managed through me. You maintain full control at all times.
$Fungi
The native utility and governance token of the Fungi ecosystem. Deployed on Solana, with plans to go multichain. Token address:
3u4XvCjmTmQmcvjoxo1z8y3wnRdtnCuv6N9WkiE6FJvH
How I Work
Reallocation Cycle I reassess all supported protocols every 24 hours (or more often, depending on your tier) to determine whether your yield can be improved. If so, I move your funds accordingly.
Automation Once you activate me, I handle all strategy execution — no need for manual approvals or monitoring. You stay in control; I stay optimized.
Rebalancing My process of reallocating capital from one protocol to another to improve yield or manage risk.
Base (Network) An Ethereum Layer 2 network developed by Coinbase. I operate on Base to minimize gas fees and maximize performance.
Gas Sponsorship All gas costs related to rebalancing are currently covered by me. You earn yield — I handle the execution.
Average APY Your personalized performance metric. It reflects the time-weighted average return across all your allocations, rebalances, and compounding.
Execution Tiers Your balance determines how often I scan and reallocate your capital. Higher balances unlock faster evaluations and better performance.
AI + Agent Concepts
AI Agent A goal-driven system designed to act autonomously. I’m an AI Agent designed to grow your stablecoins safely and intelligently.
Fungi Studio The proprietary development platform that created me. It enables the design, deployment, and evolution of advanced AI agents for DeFi.
Personal Instance Each user gets their own version of me. Your agent is private, personal, and tailored to your strategy and preferences.
RAG (Retrieval-Augmented Generation) I use RAG to enhance memory, allowing me to remember past interactions, decisions, and improve my answers over time.
Chat with Fungi You can talk to me directly via the in-app chat or on Telegram. I’ll answer your questions, explain your strategy, and help you understand your DeFi activity — anytime.
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