LogoLogo
Summer.fiContact us
  • Summer.fi
    • Overview
    • Basic Concepts
    • Audits
  • Lazy Summer Protocol
    • Lazy Summer Protocol
      • ARKs
        • Buffer ARK
        • RAFT
          • Dutch Auctions
      • Fees
      • Contracts Addresses
    • Rebalancer
    • Governance
      • Cross-Chain Governance
      • Rewards
      • Tip Streams
      • $SUMR Token
        • Delegation
        • Voting Power Decay
  • Summer.fi pro
    • General
      • Smart Contracts and Documentation
      • Costs and Fees
      • Address Compliance Check
      • Security
      • Referrals Program
        • FAQ
        • How to refer a friend
    • Products
      • Borrow
        • Frequently Asked Questions
      • Multiply
        • The difference between Borrow and Multiply Vaults
        • Frequently Asked Questions
      • Swap and Bridge
      • Earn
        • Aave v2 stETH
        • Aave v3 stETH
        • Dai Savings Rate (DSR)
          • sDAI
          • What is sDAI Conversion?
      • $RAYS
        • FAQ
    • Automation
      • Stop-Loss
        • How to setup your Stop-Loss
        • Trailing Stop-Loss
      • Auto-Buy
      • Auto-Sell
      • Take Profit
        • Auto Take Profit
          • How to setup Auto Take Profit
  • LEGAL
    • UK Disclaimer
    • Risks of using our products
  • Get in touch
    • Contact Us
Powered by GitBook
LogoLogo

Products

  • Borrow
  • Multiply
  • Earn

About

  • Team
  • Security
  • Terms
  • Privacy

Resources

  • Blog
  • Bug Bounty
  • Brand Assets

Oazo Apps 2023

On this page
  • Trigger Ratio
  • Target Ratio
  • Max Buy Price
  • Max Gas Fee

Was this helpful?

Export as PDF
  1. Summer.fi pro
  2. Automation

Auto-Buy

Setting up Auto-Buy for your Vault

Auto-Buy allows you to reduce your vault’s collateralization ratio by generating more debt which is swapped for collateral and deposited into your vault.

Auto-Buy allows you to reduce your vault’s collateralization ratio by generating more debt which is swapped for collateral and deposited into your vault.

This may be beneficial in a bull market where the value of your collateral is increasing. For example, you might want to keep your collateralization ratio below a certain amount. You can generate more debt and swap it for collateral whenever that trigger is hit. This gives you increased exposure to the collateral asset.

To configure your Auto-Buy, you have to determine:

Trigger Ratio

This is the collateralization ratio that, when hit, will trigger the execution of your Auto-Buy. The ratio is calculated with the next oracle price.

Target Ratio

This is the collateralization ratio that is going to be achieved by executing the Auto-Buy. For Auto-Buy, the Target Ratio is always lower than the Trigger Ratio.

Note: Auto-Buy will be eligible for execution if it can achieve the Target Ratio +/- 2%.

Max Buy Price

When you execute an Auto-Buy you generate debt to buy collateral, which is deposited into your vault. Here you are setting the maximum price that you are willing to pay for that collateral. Note that the price paid for the collateral is the current trading price on 1inch DEX, so it will very likely be different from the current and next oracle prices.

Max Gas Fee

Here you select the maximum gas fee you will spend each time your Auto-Buy executes. If the gas fee exceeds your max, the Auto-Buy will remain active but will not execute until the network gas fees reduce.

WARNING: This is a recursive strategy; the Auto-Buy will execute every time your trigger is hit. This means that the trigger remains in place even after the execution. If you do not wish to continue with the Auto-Buy execution, you must cancel it.

The video below shows a step-by-step tutorial for setting up an Auto-Buy strategy.

PreviousTrailing Stop-LossNextAuto-Sell

Was this helpful?