Velvet October Update: Building a DeFAI Future
New $VELVET Listings, Wallchain Campaign for quackers, DeFAI Livestream, Trenches Upgrades, Prompt-to-Strategy on the way, Epoch 4 of Gems, Nigerian Community Activations, and more!
October was another step forward in Velvet’s mission to build the DeFAI Operating System.
We optimized our agents, improved trade flows, launched community pilots, expanded our exchange footprint, and kicked off new reward systems, all while bringing agentic portfolios one step closer to reality.
Let’s dive in.
AI Upgrades: Faster, Smarter, More On-Chain
October was about speed, clarity, and deeper execution with agents getting sharper, more responsive, and more accessible across platforms.
Faster Agent Responses
We improved the speed and quality of all agent responses across the app: faster execution, better context, and quicker feedback in the chat.
Token Filtering by Parameters
Ask and receive. Agents can now filter tokens by criteria, like:
“Recommend a token with 1M market cap and 200k liquidity on Base”
“Show me the best low-cap gem between 500k–1M market cap”
Agent on Farcaster
Velvet now has a resident AI agent on Farcaster, posting hourly token picks and real-time crypto news - just like Twitter, but onchain.
Prompt-to-Strategy
We continued development on Prompt-to-Strategy, where users can type an idea and agents will build, allocate, and execute full DeFi strategies… fully automated. Now we are closing in on the start of the closed Beta!
AI Chat Design Update
We refined the chat UI for a cleaner, more intuitive AI experience, focused on usability and clarity for power DeFi users.
WachAI Agent Verification
We finalized WachAI integration into the multi-agent stack to verify agent decisions and boost execution trustworthiness.
Tech & Product Updates
October shipped some of the most impactful backend and frontend enhancements to date.
Deposit & Withdraw Flow Revamp
The new flow improves transparency and success rate for transactions across supported chains.
Charting & Mobile
Optimized mobile chart layout for better viewability
Introduced transaction failure alerts to keep users informed in real time
Now shows dev wallet buy/sell activity directly in token charts
Trenches Upgrades
Trenches now displays onchain balance
Added slippage controls for power users
Token Trending Bar added to top of app for quick insights
Added Chinese-to-English translation for memecoins on BNB Chain
Optimized “About to Graduate” section in Trenches
Gems Improvements
Gem rewards now includes daily trading bonuses
Displays projected Epoch allocation based on current activity
Multi-Chain & DEX Integrations
Integrated OKX DEX on BNB Chain for deeper liquidity
Implemented x402 on the portfolio layer for launching the first Agentic Portfolio
Added improvements to data and trading quote latency
Community & Ecosystem
From Bitget to Nigeria, October was a month of community scale and creator-first campaigns.
Gems: Epoch 3 and Epoch 4
Wallchain Campaign Goes Live
We launched the Wallchain Creator Campaign with $132,000 in rewards over 3 months for creators who quack by making content to drive users to Velvet.
Exchange Listings
DeFAI Agent Livestream
Hosted our second DeFAI Agent livestream with speakers from Velvet Unicorn, Athena AI, Gloria, and SQDGN. Sharing alpha on all the agents, discussing Velvet’s DeFAI OS, and discussed the overall market from the perspective of some top builders.
Agentic Portfolio Pilot
Announced the first Agentic Portfolio pilot in partnership with:
Falcon Finance
OlaXBT
Coinbase x402
This is the first phase of auto-managed AI portfolios, coming soon to all users.
Nigeria Community Activations
Weekly Twitter Spaces every Monday at 7PM UTC
Launched a Nigeria Meme Contest to reward creativity
FEN Competition Concluded
We wrapped up the $FEN Trading Competition, distributing 1.33M $FEN in rewards to active Velvet users.
PancakeSwap Pool Live
The new $VELVET–BNB pool on PancakeSwap went live with onchain rewards for LPs and more integrations on Base.
Spaces and Events
Joined Based Collective X Space
Participated in WachAI livestream
Rekicked off the Velvet X community alpha chat










