Use-case
Automations on DeFi Saver allow you to automatically manage your position based on specific inputs.
In this article, we'll cover all of the automation strategies that you can utilize within your position.
Please note that compatibility plays a role in automation availability. Depending on the protocol and chain you have selected, certain strategies may not be available. For a full overview of automation compatibility, please visit our Compatibility article.
Automated Leverage Management
Our oldest and still most popular option, automated leverage management allows anyone to configure:
Partial unwinding (auto-repay) of their position in case it drops below a certain threshold,
Automated leveraging up (auto-boost) in case it goes above a user configured threshold,
This option is typically used as liquidation protection, or as a way to maintain a constant leverage position.
For a better understanding how the Boost and Repay features work, please visit our Use-Case article.
To activate Automated Leverage Management, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Automated Leverage Management"
Input the ratio that you'd like to keep your position at.
Press "Execute"
This feature is not universally available across all chains and protocols on DeFi Saver. For a detailed overview of its compatibility, please visit our Compatibility article.
Boost / Repay on Target Price
Similar in functionality to Automated Leverage Management. The main difference is that, instead of a specific ratio that's being maintained, this feature automatically executes Boost or Repay when the price you input is reached.
These are typically used to partially lock in profits when you target price is reached, or to leverage more when market crashes below a level you recognized as a potential support point.
To activate Boost / Repay on Target Price, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Boost on Target Price" or "Repay on Target Price"
Input whether you'd like for the automation to execute over or under the price you input.
Press "Enable"
This feature is not universally available across all chains and protocols on DeFi Saver. For a detailed overview of its compatibility, please visit our Compatibility article.
Take Profit / Stop Loss
A classic combo, the Take Profit and Stop Loss options allow you to configure target price points at which your position would be fully closed, with your position's whole current debt cleared using collateral.
These options are typically used as liquidation protection and a way to limit and minimize losses or maximize gains.
To activate Take Profit / Stop Loss, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Take Profit" or "Stop Loss"
Select your assets, what amount should the collateral asset be under (for Stop Loss) or over (for Take Profit), and whether you want to close to collateral or debt.
Press "Enable"
This feature is not universally available across all chains and protocols on DeFi Saver. For a detailed overview of its compatibility, please visit our Compatibility article.
Trailing Stop
Compared to a standard Stop Loss which lets you set a fixed price threshold, a trailing stop is a dynamic option that lets you configure a percentage drop from peak reached price which, when breached, would trigger full closing of your position.
This option is typically used as an alternative way to limit losses and ensure gains.
To activate Trailing Stop, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Trailing Stop".
Input the % by which the collateral's price can dip from its previous peak, and whether you'd like to keep the remaining balance in your collateral or debt asset.
Press "Enable"
This feature is not universally available across all chains and protocols on DeFi Saver. For a detailed overview of its compatibility, please visit our Compatibility article.
Savings Liquidation Protection (Maker exclusive)
The Savings Liquidation Protection is a unique automation option that connects Maker Vault (CDP) owners with our Smart savings integrations, allowing anyone to borrow DAI and deposit it into supported yield earning protocols, while eliminating liquidation concerns. In case your Vault's (CDP's) ratio falls below the configured threshold, the DAI deposited into Smart Savings would be used to pay back debt.
This option is typically used as a way to earn yield on DAI while keeping your Vault (CDP) protected against liquidation.
To activate Savings Liquidation Protection, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Savings Liquidation Protection".
Input the threshold that will trigger a repayment to the ratio of your choosing, and the Smart Savings protocol you'll be repaying from.
Press "Enable"
Bonds Liquidation Protection (Liquity Exclusive)
The Bonds Liquidation Protection is another unique automation option that connects Liquity Trove owners with the Chicken Bonds protocol, allowing anyone to borrow LUSD and put it into Chicken Bonds, while eliminating liquidation concerns.
In case your Trove's ratio falls below the configured threshold, the LUSD deposited into Chicken Bonds would be used to pay back debt.
This option is typically used as a way to earn yield on LUSD while keeping your Trove protected against liquidation.
To activate Bonds Liquidation Protection, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Bonds Liquidation Protection".
Input the threshold that will trigger a repayment to that ratio using LUSD deposited into Chicken Bonds.
Press "Enable"
Redemption Protection (Liquity Exclusive)
Redemptions are a risk factor unique to the Liquity protocol, where the riskiest CDP's (Troves) get redeemed against. This means that the risky Trove's debt will be cleared off if it's deemed too risky by the protocol's parameters.
In this case, the Trove owner loses exposure to their collateral asset.
DeFi Saver's Redemption Protection tool ensures that debt can be automatically repayed to keep a Trove away from the redemption threshold.
To activate Redemption Protection, please follow these steps:
Open up your position and navigate to the "Automate" tab:
Choose "Redemption Protection".
Input the Debt in front value as the trigger, and the % by which your Trove's ratio will increase.
Press "Enable"
Related Articles:
Automations
Fees
Compatibility
Automated Leverage Management
Automatically adjust positions with custom price triggers
Automatically close longs and shorts at target prices
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