IONIC

The Ionic Action block allows users to automate asset operations within the Ionic platform. By selecting specific actions, users can create workflows that handle lending, borrowing, collateral, and repayments in an automated manner.

1. Action:

   • This field allows users to select the type of financial operation they want to automate. Available actions include:

     • Lend Asset: Deposit a specified token as a loanable asset on the Ionic platform.

     • Withdraw Asset: Withdraw an asset from Ionic, effectively reducing the amount lent or staked.

     • Borrow Asset: Borrow a specified asset from Ionic, which may be useful for leveraging positions.

     • Repay Asset: Repay a borrowed asset to Ionic, reducing the outstanding loan balance.

     • Enable Collaterals: Enable certain assets as collateral to secure loans, allowing for enhanced borrowing capacity.

2. Templates:

   • Users can choose from predefined templates for common operations, such as:

     • Deposit 100 USDT: Automatically lends 100 USDT on the Ionic platform.

     • Withdraw 100 USDT: Withdraws 100 USDT from Ionic.

     • Borrow 100 USDT: Borrows 100 USDT from Ionic.

   • These templates help simplify setup for frequent actions, allowing for quick configuration of standard asset management tasks.

3. Network:

   • Allows users to select the blockchain network where the action will be executed, such as the Mode network. Choosing the correct network is essential to ensure compatibility with Ionic’s deployed protocols.

4. Token:

   • Depending on the selected action, users can specify the token involved. For example:

     • Token to Deposit: The token to lend or deposit into the Ionic platform.

     • Token to Withdraw: The token to be withdrawn.

     • Token to Borrow or Token to Repay: Specifies the asset involved in borrowing or repayment actions.

   • Selecting the right token ensures that the transaction is performed with the intended asset.

5. Amount:

   • Defines the quantity of the asset involved in the action. For instance, entering 100 in the Amount field will lend, withdraw, borrow, or repay 100 units of the specified token.

   • This field gives users precise control over the asset quantity, aligning the action with specific financial goals.

By configuring these fields, users can automate complex asset management workflows within Ionic, streamlining operations like lending, borrowing, and collateral management. The Ionic Action block is ideal for users aiming to optimize their DeFi strategies with minimal manual intervention.