Launch of the MCP Plugin for Automating Financial Operations

deBridge launches MCP plugin for automation

Launch of the MCP Plugin for Automating Financial Operations

Developers from deBridge have introduced a new tool - the Model Context Protocol (MCP) server plugin, which utilizes AI agents to automate complex financial operations on the blockchain. This plugin is compatible with EVM-based cross-chain protocols.

What is MCP and how does it work?

The MCP plugin provides a universal API (application programming interface) for integrating AI agents like ChatGPT, Claude, Cursor, and Gemini. With this API, agents can process user requests and formulate optimal routes for transactions. This significantly eases the execution of on-chain operations with minimal user involvement.

Features and Capabilities of MCP

With MCP it is possible to:

• Formulate requests and calculate the optimal path for their execution.
• Exchange assets within a single network.
• Move assets between different blockchains, minimizing risks and situational errors.

History and Development of deBridge

The company deBridge officially launched its main network in 2022. Their Governance token DBR debuted in 2024, however, its value has recently decreased by 57%. At the time of this writing, the token is trading at $0.016 with a market capitalization of $75.4 million.

Comparison with Similar Projects

In February, Lightning Labs introduced an open-source solution for integrating AI agents with the Lightning Network. Similar initiatives have also been reflected in the actions of Coinbase, which developed wallet infrastructure for autonomous assistants.

Conclusion

deBridge, with the launch of the MCP plugin, takes a significant step towards simplifying on-chain operations through automation using AI technologies. This opens new horizons for interacting with the blockchain and reduces the technological barrier for users.

• Strengths: Simplification of transactions, increased efficiency.
• Risks: Potential vulnerabilities of AI technology.
• Opportunities: Expansion of functionality for users.
• Threats: Competition from similar technologies.

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