⚖️Processing the rebalances and liquidations

Learn how to monitor and trigger rebalance and liquidation operations

Introduction

In DeFi, a Keeper is an entity or system responsible for automating on-chain actions that cannot execute themselves. Since smart contracts on blockchains are passive, they require an external trigger—this is where Keepers come in.

While f(x) is a fully on-chain system, the Keeper is designed to actively monitor positions and initiate actions once certain conditions are met.

Maintaining an active Keeper community is critical for the f(x) Protocol. Therefore, we’ve written this document to help you understand some key concepts and processes related to Keepers.

Related contract addresses

  • PoolManager(Long): 0x250893CA4Ba5d05626C785e8da758026928FCD24

  • WBTC Long Pool: 0xAB709e26Fa6B0A30c119D8c55B887DeD24952473

  • wstETH Long Pool: 0x6Ecfa38FeE8a5277B91eFdA204c235814F0122E8

  • ShortPoolManager: 0xaCDc0AB51178d0Ae8F70c1EAd7d3cF5421FDd66D

  • wstETH Short Pool: 0x25707b9e6690B52C60aE6744d711cf9C1dFC1876

  • WBTC Short Pool: 0xA0cC8162c523998856D59065fAa254F87D20A5b0

  • fxETH(wstETH CreditNote): 0x7c5350BaC0eB97F86A366Ee4F9619a560480F05A

  • fxBTC(WBTC CreditNote): 0xB25a554033C59e33e48c5dc05A7192Fb1bbDdfc6

You can double-check the contracts for the last update on Github

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