DeFiChain-Wizard

Let magic do the hard work for you

The idea? ✨

πŸͺ„ In short

Our wizard allows you to automate vaults and other tools on the DeFiChain Blockchain while still holding your own private key.

Once it’s fully set up with the additional server, it’ll allow you to:

Anyone that uses this tool is doing so at their own risk. Never invest more than you are ok to lose. We can not guarantee that it works flawlessly in every market dynamic. We are not responsible for any lost funds.

Setup Wizard πŸ§™

πŸͺ„ Text to copy

Part #1

Wallet address
Seed
Telegram Token
Telegram Chat ID

Part #2

DeFiChain Wizard
Unique_Username_Bot β†’ it has to be a unique name

Part #3

defichainwizard/wizard
v0.5.9

Part #4

WIZ_TELEGRAM_TOKEN
WIZ_TELEGRAM_CHATID
WIZ_BOT_ADDRESS
WIZ_SEED_PHRASE

Part #5

defichain-wizard

Wizard App πŸ§™

Error messages are typically only a problem if you receive them several times in a row. However, if the bot automatically adjusts the error in the next few minutes, there’s nothing to worry about.

Simply follow the video tutorial below.

Have you followed both tutorials to set up your bot on the server AND the app?

If you have set up your bot on the server correctly, you should receive regular Telegram messages.

Once the DeFiChain Wizard is set up, it’ll mint tokens so that your custom ratio is met and go into liquidity pools.

If the vault ratio falls, it’ll pay back some of the minted tokens to reduce the debt. If the vault ratio increases, it’ll make the opposite.

That way, your vault ratio should always stay between your custom settings. πŸ™‚

Without the private key, your bot can’t automatically manage your wallet. The same goes for the Light Wallet as well.

We’ve been discussing a version without your private key in depth. However, this would take away all the advantages of a 24/7/365 server and increase the overall liquidation risk.

The first to months are free, if you use our referral code to sign up on Digital Ocean. After that, you’ll be charged $5 per month.

Simply have a look below. There you also find a step-by-step tutorial to update your bot.

No. Every new user interface will add another attack factor for hackers. Since mobile devices are in general saver than computers, we stick to mobile-only.

FAQ

πŸͺ„ Current Version

v0.5.9

πŸͺ„ Enroll for iOS by entering your email address below:

    How it works:

    1. Enter your email
    2. Accept the invitation from “testflight”
    3. After that, our developers will manually add you to our group
    4. Be a little patient
    5. You’ll receive a final email to download the iOS version

    For your own safety, we have published the entire code on GitHub. If you’re a Dev and you have feedback, please let us know:

    Our DeFiChain Wizard has been audited by Renesis. You can read the report here.

    This is not financial advice and anyone that uses this tool is doing so at their own risk. Never invest more than you are ok to lose. We can not guarantee that it works flawlessly in every market dynamic. We are not responsible for any lost funds.

    Risks involved:

    The risks involved contain, but are not limited to, the following list. Do not use the tool if you do not understand their impact:

    • Code bugs
    • Hacks of your account
    • Ocean API downtime or timeouts
    • Liquidations on DeFiChain
    • Counterparty risk in the ecosystem
    • Bans / Downtime on Digital Ocean
    • Impermanent loss
    • Phishing attacks

    We will never contact you to upload custom code.
    If that’s the case, it’s a scammer that tries to steal your funds.

    Quick tips πŸ§™

    24/7

    Our wizard doesn’t care if you’re sleeping or not. It’ll do the job even when you’re on vacation.

    Audited

    An external security review has been conducted in order to make our wizard bulletproof.

    Community-driven

    As a community member, you decide which features we’ll implement next.

    Our Mission ✨

    Our mission is to help drive DeFiChain adoption as the best blockchain for decentralized loans through great user experience and usability.