Automation options for MakerDAO

Automation is a trustless service for automated management of positions. It includes different automation options for liquidation protection and loss minimization, as well as options for locking in gains and automating yield earning.

Predefined strategies that we offer for MakerDAO users currently include:

• Automated Leverage Management

This strategy includes usage of auto-repay for liquidation protection and also auto-Boost for leverage increase (which is optional) that both contribute for your position to be both safe and profitable.

• Savings Liquidation Protection

Provides automated debt payback using Dai deposited into Smart Savings and protects from liquidation.

• Stop Loss

Set up a minimal collateral asset price which will, when reached, trigger the closing of the position.

• Take Profit

Set up a maximum collateral asset price which will, when reached, trigger the closing of the position.

• Trailing Stop

Fully close your position when the collateral asset price drops by the configured percentage from its previous peak.

You can see how setting up different arrangement would work out using our CDP Automation Simulation https://maker.defiexplore.com/simulation.