Automation is our flagship feature. You can find out more info about it in the separate category of our help section dedicated to it. Details below apply to Aave in particular.
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.
There are currently two requirements needed for enabling Automation.
- Firstly, the user’s position needs to be on a Smart Wallet. Users that wish to use Automation would need to import their position from Account to their Smart Wallet first. This migration procedure cannot be reverted. In order to move back from Smart Wallet user would need to close the position and re-open it in the Account.
- Secondly, there is a minimum debt requirement for enabling Aave Automation. Currently, the minimum debt requirement for Aave Automation is $60,000 in total debt balance.
Assets supported for use in Automation are all assets that are supported by Aave. Positions with multiple assets either supplied or borrowed are also supported and for such positions, it will make any auto-adjustments using the highest value supplied and borrowed assets.
Note that we recommend running Automation on Aave positions with one asset supplied and one asset borrowed, as each additional asset used increases gas costs slightly and can potentially result in unwanted assets being used for auto-adjustments.