Just-in-Time (JIT) Funding
Introducing Just-in-Time (JIT) Funding: Keep Your Funds in Your Wallet
In the Decentralised world, security and control over your funds are paramount. That's why we're excited to introduce Just-in-Time (JIT) Funding, a new feature designed to minimize the time your funds get locked in the contract, enhancing your security and peace of mind.
What is JIT Funding?
JIT Funding is a revolutionary approach to fund management. With JIT enabled, your funds will only leave your wallet at the exact moment they're needed for trading or settlements, funding and any profits or released margins will be returned directly to your wallet. This significantly reduces the risk associated with keeping idle funds on the contract, especially in the face of potential smart contract vulnerabilities.
How Does it Work?
Enable JIT: You can easily enable JIT Funding through a toggle in your account settings. Once enabled, the traditional deposit and withdraw options will be replaced with a more dynamic system.
Place an Order: When you place an order, the required funds will be transferred directly from your wallet to the Defx contract, ensuring they're only exposed for the duration of the trade.
Settlements: Profits, released margins, and other payouts will be automatically settled back to your wallet at intervals you define, or you can trigger an instant settlement anytime you want.
Benefits of JIT Funding
Enhanced Security: By minimizing the time your funds are on the Defx contract, JIT Funding significantly reduces the risk of potential losses due to smart contract hacks.
Greater Control: You have more control over your funds, as they remain in your wallet until they're actively needed for trading.
Increased Trust: JIT Funding demonstrates our commitment to transparency and security, fostering a stronger sense of trust between you and Defx.
Important Notes
JIT Funding is designed to work seamlessly with our existing trading flows, ensuring a smooth and efficient experience.
You can customize your JIT settings, including the settlement interval and minimum balance required for automatic settlements.
While JIT Funding enhances security, it's important to remember that all DeFi interactions carry inherent risks. Please trade responsibly and be aware of the potential risks involved.
We believe that JIT Funding represents a significant step forward in DeFi security and user empowerment. We're excited to offer this feature to our community and look forward to your feedback.
Trade securely and confidently with JIT Funding!
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