Requirements for using Automation

In order to use Automations on DeFi Saver, users must meet the following criteria:

• The user's position needs to be on a Smart Wallet The Smart Wallet is what makes Automation possible in the first place, and in order to use any of the available automation options, the user's position needs to be either migrated to or initially created via Smart Wallet.

• The position needs to meet the minimum debt requirement for Automation Depending on the chain and protocol you have selected, the minimum debt requirement varies:

Aave

• Minimum $30,000 in debt for Aave v2 and v3 on Mainnet

• Minimum $500 in debt for Aave v3 on Arbitrum, Optimism and Base

MakerDAO

• Minimum of $30,000 in DAI for MakerDAO on Mainnet (ETH-A, ETH-C, WSTETH-A, WSTETH-B vaults)

• Minimum of $40,000 in DAI for MakerDAO on Mainnet (ETH-B vault)

The global MakerDAO debt ceiling for wrapped Bitcoin vaults has been reached. As such, new positions for WBTC on MakerDAO cannot currently be created.

Fluid

• Minimum $30,000 in debt for Fluid on Mainnet

• Minimum $500 in debt for Fluid on Arbitrum and Base

Compound

• Minimum $30,000 in debt for Compound v2 and v3 on Mainnet

• Minimum $500 in debt for Compound v3 on Arbitrum and Base

Liquity

• Minimum $40,000 in debt for Liquity v1 on Mainnet

• Minimum 3,000,000 Debt in front

Debt in front does not represent the debt value. This metric refers to the amount of debt that needs to be ahead of your position due to Liquity's redemption mechanism. Our Liquity Automation aims to keep your position away from getting redeemed against, which would be difficult with a Debt in front that's lower than 3,000,000

Spark

• Minimum $30,000 in debt for Spark on Mainnet

Morpho

• Minimum $30,000 in debt for Morpho on Mainnet

• Minimum $500 in debt for Morpho on Base

The minimum debt requirements were introduced as a way to protect both the users and the system from extremely high gas prices and transaction costs on the Mainnet, especially during market crashes.

If you activate an automation, but due to repayments, your borrow amount falls under the minimum debt requirement, your automation will still remain active and trigger when its conditions are met.

However, if your debt amount falls to:

• $5,000 and below on Ethereum

• $500 and below on Arbitrum/Base

The automation will still be active, but will not execute once its conditions are met.