Can someone explain to me what SNX automation is

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1

Hi community

Can someone explain to me what SNX automation is?? it is on yearn’s twitter or Andre’s Twitter.

KKK

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Not sure, but it could be one where you deposit SNX, mint SUSD via staking SNX, deposit/stake USD to Curve, collect Curve trading fees, manage the collateral for the staked SNX so it always meets the 750% collateralisation ratio (so you can get a share of the exchange fees), claims the SUSD. Currently, you do all this through Mintr regularly. If it is automated, it is definitely more efficient.

Instead of 1,000 people doing it a day (think of all the gas costs), it is more efficient to to have it all wrapped in a yVault that does it periodically.

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Thanks for your explanation mark.

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Closed since inactive. Feel free to reopen if this topic is still relevant.