Overview

This guide explains how to create an Automation rule in Fireblocks that rebalances accounts. This allows you to compare balances between accounts and transfer assets to maintain a specific ratio or value. Multiple triggers and conditions are available for this action. The example below shows how to set up a rule for weekly rebalancing.

Creating an Automation rule for rebalancing between two accounts

The following parameters are suggestions for this rule. Adjust them to suit your needs.

1. In the Fireblocks Console, go to the Automation page and select Create automation.
2. Enter a name for the rule in the top-left corner.
3. Select Time as the trigger.
4. Select an Interval and its frequency. The example below triggers the automation once per week on Monday at 4:00 AM.
5. Select Save changes to edit the condition.
6. Select Balance for the condition.
7. Select Percentage.
8. Select an Account, an Asset, its amount, and the accounts to compare it to. In the example below, the automation will run if the BTC balance of the Bitmex account is 60% or less than the sum of the combined Bitmex and Binance Europe BTC balance.
9. Select Save changes to edit the action.
10. Select Rebalance for the action.
11. Select an asset and the accounts to rebalance. In the example below, the rule will rebalance BTC between the Bitmex and Binance Europe accounts.
12. Select Save, then enable it like any other automation rule.