BitProtocol
  • Introducing Bit Protocol
    • Market opportunity
    • Growth Strategy
    • Privacy in Oasis Sapphire
      • Underlying tech
    • Governance
  • Protocol
    • Deposit Collateral and Mint bitUSD
    • Stability Pool and Liquidations
    • Redemptions
    • Protocol Fees
    • Recovery Mode
    • Supported Collaterals
  • Guides
    • Deposit
    • Provide liquidity
    • Redeem
  • Resources
    • Contracts
    • Audits
    • Brand Assets
  • DISCLAIMER
    • Disclaimer
    • Privacy Policy
    • Service Agreement
  • Future Expansions
    • 1-Click Leveraged Longs
    • Troves as NFTs
    • Automated Position Maintenance
    • Peg Maintenance
    • Insurance
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  1. Future Expansions

Automated Position Maintenance

By utilizing troves in the form of NFTs and secure intermediary smart contracts, open positions can be maintained automatically with limited risk and pre-defined parameters that allow for a user to avoid liquidation or redemptions without directly managing their position.

This allows for users to open new positions with much closer margins than would normally be reasonable because they do not need to be ready at any given moment in case there are sudden movements in the market price of their collateral assets.

This allows for certain yield-bearing strategies, such as liquidity pooling or depositing BitUSD into the stability pool, to be managed automatically with minimal risk of liquidation/redemption for the user.

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Last updated 12 days ago