Lit Actions allow small scripts to run “within” a wallet but currently must be initiated by the user.
FireStarter is “Gelato for Lit Actions”, allowing any Lit Action to be kicked off based on onchain events, token prices or as cron jobs. It’s Zapier for your wallet AND can talk to the off-chain world (vs Furucombo/DeFi Saver).
I believe this is currently the best tech to build a true “Web3 super app” or X.com as Elon likes to say.
With FireStarter, you could write open-source (stored on IPFS) scripts to do: * Dex Limit Orders (important right now!) * Dynamic NFT updates * Liquidation protection (also imp right now) * Any arbitrary Automation
Imagine enabling the “Aave Saver” bot 🤖 on your wallet which would take any dormant capital (ETH, USDC) and auto-deposit into Aave to start earning yield. It reimburses itself for gas from the yield, then you keep the rest. It auto-withdraws if you try to send the capital. 🤯
We’re only beginning to unlock the potential of “automated finance” and Lit Actions / FireStarter would be the best trustless way to do it. 🔥
Checkout other awesome ideas for Lit Protocol below:
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