Decentralized finance (DeFi) portfolio manager SingularityDAO has appointed research scientist Chris Poulin as its new chief technology officeholder and caput of bogus intelligence, underscoring the company's ambitions for AI-driven investment solutions.

In his new office, Poulin will exist tasked with developing SingularityDAO's DynaSets, an AI-powered system for building a curated basket of crypto investments. DynaSets concord a collection of DeFi tokens in one contract, allowing investors to more easily manage their portfolios. The job description also entails developing new AI-driven products for the DeFi sector.

Prior to joining SingularityDAO, MIT-trained Poulin served for xiii years every bit managing partner of Patterns and Predictions, a Boston-based predictive analytics company. He also served as senior manager of machine learning and data science at Microsoft.

Decentralized finance has emerged as one of the biggest use cases for blockchain engineering science, but its proponents say future iterations of DeFi protocols are likely to include more automation features, including AI-managed derivative products, AI-mitigated risk management solutions and user scoring. Artificial intelligence has likewise been posited as a potential value driver for automatic market makers, DeFi lending and even insurance.

Related: The future of finance is DeFi intelligence

DeFi continues to attract yield-seeking investors looking to earn passive income on their crypto holdings. Investors have too been keen to scoop upward early-phase DeFi plays for their potential to appreciate quickly. The DeFi sector has a total market place capitalization of effectually $116 billion, according to CoinMarketCap.

The DeFi market place recently set another milestone later the industry's total value locked, or TVL, reached a new peak. On Monday, industry sources put the TVL at around $160 billion, which narrowly exceeded the pinnacle from May of this year. As Cointelegraph recently reported, DeFi protocol Benqi reached $1 billion in TVL less than a week afterward launching. The milestone was achieved much faster than other leading DeFi projects that launched over the past year.