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The automated vault system is designed to provide users with confidence in each automated rebalance, ensuring that rebalances are done in a sensible manner and that costs in terms of slippage and fees are kept to a minimum. While this is ideal for allowing anyone to rebalance on behalf of the user, it does not allow for more profitable strategies to be implemented.
In such cases, where a user wants to trust someone to make rebalancing decisions based on their predictions of future collateral value, they can use the managed rebalance feature. This gives a whitelisted manager address greater control over the rebalance calls, allowing for more custom and potentially profitable strategies to be employed.
Similar to the automated rebalance feature, users must configure a vault to be managed by setting the following managed rebalance parameters :
- The address of the whitelisted manager selected to manage the vault
- The minimum vault ratio above which the starting vault be at the end of a rebalance operation : this allows user to set a limit on a how close to the vault MCR a manager can rebalance