Introducing @GearboxProtocol UX: Meet the Gearbots! Gearbox V2 brought composable leverage to #DeFi 67% of accounts use the Multicall feature one-click. Now Gearbox V2.1 is focusing on improving the UX even further. Intrigued? Read more! 👇
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➔What are Gearbots? 🤖
Gearbots are open-sourced, immutable automation contracts that solve pain points like managing HF, creating stop losses, switching strategies and more. They work in combination with Credit Accounts to provide automation without smart contract risk.
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Gearbots are open-sourced, immutable automation contracts that solve pain points like managing HF, creating stop losses, switching strategies and more. They work in combination with Credit Accounts to provide automation without smart contract risk.
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➔Why Gearbots? 🤖
Despite Ready Strategies, manual intervention is still required to operate a Credit Account. Third-party methods and smart contracts aren't user-friendly or entirely safe. Gearbots offer a safe, easy way for users to access automation.
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Despite Ready Strategies, manual intervention is still required to operate a Credit Account. Third-party methods and smart contracts aren't user-friendly or entirely safe. Gearbots offer a safe, easy way for users to access automation.
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➔What can Gearbots do? 🧐
Gearbots have specific access types, with the creator having the option to restrict access or allow permissionless access. The core feature is automated portfolio management. Example bots include: stop losses, HF management, strategy management.
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Gearbots have specific access types, with the creator having the option to restrict access or allow permissionless access. The core feature is automated portfolio management. Example bots include: stop losses, HF management, strategy management.
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➔Automated Portfolio Management:
The bots will allow you to manage your strategy and take care of the execution. This takes Gearbox UX closer to that of a #CEX (Staying decentralized)
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The bots will allow you to manage your strategy and take care of the execution. This takes Gearbox UX closer to that of a #CEX (Staying decentralized)
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➔Stop Losses/Take Profit Bot:
Set an exit price point and your position will be automatically closed once the oracle reaches the input value. I know you appreciate it @DeFi_Dad
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Set an exit price point and your position will be automatically closed once the oracle reaches the input value. I know you appreciate it @DeFi_Dad
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➔HF Management Bot:
Ensure your HF is always above a certain threshold by automatically depositing funds to avoid liquidations.
P.S. I'm sure this will help you @ivangbi and you won't be liquidated again😂
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Ensure your HF is always above a certain threshold by automatically depositing funds to avoid liquidations.
P.S. I'm sure this will help you @ivangbi and you won't be liquidated again😂
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➔Strategy Management Bot:
Move your funds from one strategy to another based on your priorities. Switch to a pool with 15%+ APY if your strategy drops below it. Does it feel like a win @bizyugo?
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Move your funds from one strategy to another based on your priorities. Switch to a pool with 15%+ APY if your strategy drops below it. Does it feel like a win @bizyugo?
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➔Trust Models for Permissionless Bots:
Every CA user can define their trust model values and customize which bots they want to use. This brings all CEX features 🫡
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Every CA user can define their trust model values and customize which bots they want to use. This brings all CEX features 🫡
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➔More Bots to Come:
These are just initial examples, and more bots will likely be created in the future. This is just the beginning big boss @spencernoon
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These are just initial examples, and more bots will likely be created in the future. This is just the beginning big boss @spencernoon
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➔Customization:
Users can even customize their trust model and choose which bots they want to use. I forgot to say, @0xmikko_eth one of the biggest brains of our time (oh and @bantg too)
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Users can even customize their trust model and choose which bots they want to use. I forgot to say, @0xmikko_eth one of the biggest brains of our time (oh and @bantg too)
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➔Safe and Easy:
Gearbots provide a safe and easy way for users to access automation without taking on smart contract risk. It will definitely appreciate @Risk_DAO
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Gearbots provide a safe and easy way for users to access automation without taking on smart contract risk. It will definitely appreciate @Risk_DAO
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Watch the stream to learn more in a @YouTube #stream with @Mellowprotocol, @BrahmaFi, @DeFi_Wonderland and @gelatonetwork
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In this @Medium #article, we have collected everything without too much chatter:
medium.com/gearbox-protoc…
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medium.com/gearbox-protoc…
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