Helmsman overview

The Helmsman is Vela's autonomous risk manager. It runs off-chain, watches every open position, and intervenes long before a margin call becomes necessary.

Inputs

• Realized volatility (rolling 7d / 30d) per asset
• Implied volatility from option markets
• Event calendar — earnings, ex-dividend, scheduled news
• Liquidity depth across DEX venues
• Position-level health factor and time-since-update

Outputs

• Forward-looking risk score per position
• Smallest corrective action (repay X, top up Y)
• User-facing alerts (push, webhook, email)
• Permissionless soft-liquidation calls when ignored