💻Automations

Triggering automated orders requires constant monitoring of open position parameters and underlying asset price.

Gelato Functions

Gelato functions are an Automation Keeper System that both listens to price requests emitted onchain for market orders and monitors existing open trades for conditions necessary to trigger automated orders (liquidations, stop loss, take profit, limit orders).

High-leverage trading requires both a low-latency Oracle and an Automation Keeper System to ensure stellar UX and secure trading.

Gelato functions are programmed to trigger the following actions:

• Limit Orders

• Stop Limit Orders

• Take Profits

• Stop Losses

• Liquidations

Gelato is exclusively integrated with Ostium's oracle (operated by Stork Network), triggering orders for Real World Assets.

Chainlink Automations

While focused on RWAs, Ostium has listed several blue-chip crypto assets, whose pricing is sourced via Chainlink's Data Streams. In this context, Chainlink Automations 2.0 fulfills the same role as Gelato Functions, but for Chainlink oracle-sourced assets.