WAIaaS (Wallet Action Interface as a Service) is an innovative platform designed to streamline and secure DeFi trading operations. It offers several key features that make it stand out for developers and traders looking to automate their cryptocurrency transactions:
Key Features
-
Simulation APIs:
- WAIaaS provides simulation capabilities across multiple DeFi protocols, allowing users to test trades without real financial risk.
- This feature is crucial for backtesting trading strategies and ensuring the logic works as expected before executing live trades.
-
Gas Conditional Execution:
- Users can schedule transactions based on gas price conditions, which helps in minimizing transaction costs while ensuring timely execution.
- This ensures that trades are executed only when network conditions (gas prices) are favorable, enhancing cost efficiency and reliability.
-
Built-in Policy Enforcement:
- WAIaaS includes a suite of built-in risk policies to prevent excessive spending or unauthorized transactions.
- Policies such as
SPENDING_LIMITcan be set up to restrict the amount of funds that can be spent in a single transaction or over a period like 24 hours.
Getting Started
- Installation and Setup:
- WAIaaS is available as an SDK
Read the full article at DEV Community
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Ali NematiWritten by Ali
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