How Can DeFi Traders Automate Arbitrary Transactions

Being part of the decentralized finance industry is an enticing venture, although one that requires a hands-on approach. As competition heats up among products, services, and protocols, users need to stay on top of the game at all times. Thankfully, there is now a way to automate these transactions, providing users with peace of mind. 

Decentralized Finance Is A Handful

The year 2021 has been prominent for DeFi, or decentralized finance. More blockchains carve out their position in this industry, providing more users with alternative financial services and products. The industry represents over $250 billion in Total Value Locked today, confirming a genuine demand for decentralized lending and borrowing, yield farming liquidity pools, etc. 

Additionally, new projects come to market every week. Some provide a more optimal product service, whereas others may offer a high yield or return on liquidity. Keeping track of the different offerings becomes a daunting task when comparing hundreds of platforms and protocols. Moreover, opportunities may come and go quickly due to the volatile nature of crypto assets and the returns or benefits they may provide to DeFi users. 

Another aspect to consider is the arbitrary transactions users may make while exploring the DeFi landscape. More specifically, there are thousands of transactions to place stop losses, limit orders, avoid impermanent loss, move liquidity, optimize yield farming, and much more. These transactions have to occur manually, taking up a lot of time and inducing tremendous stress on those passionate about decentralized finance. 

Although all of these features are accessible through user-friendly interfaces, there is much room for improvement. Moreover, it usually requires a centralized hub to do these transactions more conveniently, which still requires trust in a third party. That is not what decentralized technology is about. Instead, users need to seek out solutions that let users interface with smart contracts to automate these arbitrary transactions. 

The Automation Of Arbitrary Transactions

Decentralized technology, such as a blockchain or smart contract, can introduce much quality of life improvements. That concept also applies to decentralized finance and how users think of arbitrary transactions. Automating all of these small – but necessary – transactions will provide traders with peace of mind and give them much more time to focus on other meaningful opportunities that cross their path.

Autonomy Network is the provider capable of providing these solutions. Users can set up a dedicated smart contract to create their own transactions. Such a degree of customization and personalization changes the DeFi narrative for those already in the industry and those who remain on the fence about taking the plunge. Setting up everything once and having the technology take care of it all without human intervention makes DeFi much more appealing. 

As DeFi opportunities operate on a 24/7 schedule, traders need to embrace solutions capable of matching that pace. Humans cannot function 24/7/365 without taking breaks and sleeping. On the other hand, smart contracts have tremendous potential for decentralized automation of arbitrary transactions. Users can automate any action in the future under any condition. That applies as much to limit orders and stop losses as to impermanent loss protection, autonomous NFTs, recurring payments, and much more. 

Conclusion

While decentralized finance is a popular industry, it mainly caters to existing cryptocurrency users. Bringing the mainstream into DeFi requires a radically different approach, and the solutions provided by Autonomy Network can play a crucial role in these proceedings. Moreover, this approach lets traders set up their own tools to work on their behalf under any conditions, freeing up more time to research new projects and add those to the fray.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.