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What is DeFi Saver Automation?

A brief introduction to our Automation services.
Written by Nikola Jankovic
Updated 2 weeks ago

Automation is a trustless, non-custodial service for automated management of collateralized debt positions that can be used for automatic liquidation protection or automated leverage management.

In its current iteration, it allows users to configure Auto-Repay when their position’s collateralization ratio falls below a configured minimum, as well as Auto-Boosting when the ratio raises above the configured maximum.

Auto-Boosting is optional and can be disabled under Advanced settings.

Repay and Boost are our signature leverage management options that can traditionally be applied manually at user’s convenience in any of the dashboards in DeFi Saver. Repay allows anyone to clear their debt using assets currently deposited as collateral, while Boost allows borrowing more in order to obtain more of the collateral asset – with the most important part being that all steps of a Repay or Boost are completed within one single transaction.

Note that Automation can be used for both leveraged short and long positions. For example, in case you have a leveraged long ETH position with ETH supplied and DAI borrowed, it means that Auto-Repaying would use some of the ETH to clear debt, while Auto-Boosting would borrow more DAI to obtain more ETH for the position. On the other hand, if you have a leveraged short ETH position with USDC supplied and ETH borrowed, that means that Auto-Repaying would use USDC to clear some of the ETH debt, while Auto-Boosting would borrow more ETH.

Automation is currently available for MakerDAO, Compound and Aave v2.
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