How Minimax works
Minimax employs an individual proxy smart contract for each position created by a client to ensure that stop loss, take profit events and claiming of earnings are processed correctly and the funds are transferred to the right accounts.
You can create multiple positions per vault while setting a different stop loss and take profit value for each position.
In the first version of our platform liquidations were done by our own bots. It was a temporary solution and we were looking for a more reliable and decentralized option.
With V2 we’ve integrated Gelato Network — a decentralized network of bots, which fully automate execution of smart contracts. With Gelato Network the processing of stop loss and take profit events has become much more reliable and absolutely decentralized.
The platform has a centralized component, which maintains fast data indexing for UI.
We are using the data storage for quick uploading of data with open positions (it would take much longer to upload the data from the blockchain each time).