Autopilot

Autopilot can automatically run your strategy for you daily. Based on the strategy options you have selected, it will execute the COMPOUND all function each day, determining what to do based on the criteria you set.

Any strategy utilizing the trove/vault to mint additional stablecoins based on increase in value of the collateral will be required to maintain a minimum 500% collateralization ratio while on AutoPilot. This safety feature is designed to lower risk of liquidation as collateralization ratios can fall as the value of the collateral in the trove decreases. The higher minimum CR requirement should allow users more time to come back to Amplifier to turn off AutoPilot if the price of PLS dips significantly.

How Does Autopilot Run My Strategy?

Autopilot does NOT control your tokens or your wallet. At no time do you need to give Amplifier your seed phrase or control of your crypto wallet. Only your wallet, which owns and controls the Amplifier smart contract deployed on first use, can control your tokens. Autopilot does not have the ability to approve transactions made against your wallet directly.

Smart Contracts on PulseChain contain functions that any wallet can call and run. For example, if you wanted to swap tokens but the DEX front-end wasn't accessible, you could call the necessary swap function from the DEX contract directly from the block explorer. This is not user-friendly, which is why all crypto dApps have front ends. But it is possible to call those functions even though your wallet does not own those contracts.

This is exactly what the Autopilot is doing in Amplifier. Once a day, it will call your contract's Compound All function to run your strategy. The contract, which your wallet owns, then will execute the instructions that you saved to it on chain. Autopilot cannot change those instructions and cannot change your contract. This is how your security is not compromised while using Amplifier.