Condition-Based Trigger

Condition-based triggers execute smart contract functions when certain conditions or thresholds are met. These triggers evaluate predefined criteria and initiate actions once the conditions are satisfied.

Implementation in TriggerX

• Condition Evaluation: TriggerX continuously assesses specified conditions using on-chain data or external inputs.

• Trigger Activation: When the conditions are met, the system executes the designated smart contract function.

Use Cases

• Price Thresholds: Execute trades or rebalance portfolios when asset prices reach certain levels.

• Collateral Ratios: Initiate liquidations or adjustments when collateralization ratios fall below safe thresholds.

• Custom Metrics: Trigger actions based on user-defined metrics or external data feeds.

Condition-based triggers offer granular control over automation, allowing for sophisticated and responsive decentralized applications.