
Automations Framework
Last updated 5 months ago
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DeFi and Trading
Discover how Unit streamlines DeFi operations, enhancing efficiency and reduces complexity.
Overview
Efficient use of Decentralized Finance (DeFi) applications require advanced commands that combine trading, liquidity provision, bridging and more. Managing these tasks manually can be time-consuming and error-prone. Unit simplifies these processes by enabling DeFi developers and users to automate repetitive and intricate tasks through customizable workflows, improving efficiency and reducing risk.
Key Use Cases
Advanced Trading Commands
Advanced trading commands provide users with the flexibility and control to automate and optimize their trading strategies. Key features include stop losses to limit potential losses, take profit orders to lock in gains, and both dollar cost averaging (DCA) and value averaging (VA) strategies to spread out investments over time. Trailing stop orders allow dynamic risk management, while limit and time-based orders help traders execute at optimal prices or specific times. These commands empower users to maximize returns and mitigate risks with minimal hands-on involvement.
Portfolio Management
Effective portfolio management tools in DeFi allow users to automate asset allocation and rebalancing based on predefined criteria. Token threshold automation ensures that when certain token balances exceed or fall below set levels, actions like selling, swapping, or staking are triggered automatically. Cross-chain asset monitoring makes it easy to manage assets across multiple blockchains, performing necessary operations to maintain portfolio balance. Automated rebalancing allows users to stick to their risk or investment strategies, adjusting their portfolio without manual intervention, especially in volatile markets. Additionally, anti-liquidation techniques can be integrated to protect users in leveraged positions by automatically injecting collateral or deleveraging positions when markets swing against them. This comprehensive approach helps traders optimize their holdings, protect against liquidation risks, and take advantage of opportunities across different ecosystems.
Reward Auto-Compounding
Reward auto-compounding in DeFi maximizes the efficiency of yield farming and staking rewards by automating the process of reinvesting those rewards. Instead of manually claiming and reinvesting earnings, the system does so automatically at optimal intervals, ensuring that users take full advantage of compound interest over time. This process is designed to be gas-optimized, meaning it performs operations when gas fees are low or when compounding is most beneficial, further increasing net returns. Auto-compounding provides a significant boost to long-term yield strategies, saving time and enhancing returns for users with minimal effort.
How Unit Solves It
Unit provides a no-code platform that allows users and developers to automate DeFi workflows, handling everything from yield farming to token swaps. By defining automated workflows, DeFi participants can ensure that their assets are managed optimally and that key tasks are executed based on predefined conditions, without the need for manual intervention. The workflows can be securely operated by the Unit node operator.
The Unit platform operates a cluster of node operators to ensure the reliability and scalability of workflow execution. We offer a control dashboard and analytics platform, giving users enhanced visibility and convenient management of their workflows.
Key Benefits
Efficiency: Automation reduces the manual workload for both players and developers, ensuring that essential tasks are performed effortlessly.
Optimization: Workflows can optimize the timing of transactions and rewards, ensuring that players get the most value out of in-game actions.
Reliability: Unit ensures that workflows are executed reliably, reducing the risk of missed transactions or delays in distributing rewards.
Wallet Agnostic: Unit workflows are compatible with various wallet types, including EOAs and smart wallets, removing the integration burden from developers.
Portability: Unit workflows can be seamlessly integrated into DApps and wallets, enabling easy deployment and interaction with the game’s core processes.
Cross-Protocol Operations: Managing liquidity across different DeFi protocols often requires users to manually execute transactions, making it difficult to optimize capital efficiently.
Gas Optimization: Without automation, users may overpay for gas fees when interacting with DeFi protocols during peak network congestion.
Conclusion
Unit brings powerful automation to DeFi, allowing users and developers to streamline asset management, optimize returns, and simplify interactions across multiple protocols. With Unit, DeFi participants can focus on strategy while the platform handles the execution of complex tasks, improving both efficiency and profitability.
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Overview
Key Use Cases
How Unit Solves It
Key Benefits
Conclusion