Wallet Health Factor Alerts

Wallet Health Factor Alerts monitor the security and performance of cryptocurrency wallets.

Wallet Health monitors the health factor of a specified wallet across supported lending protocols. It helps prevent asset liquidation by promptly notifying the user when the wallet's health factor falls below a predetermined threshold.

How to setup Wallet Health Factor Alerts

  1. Under Signals section click on Add Subscription button under Lending Wallet Health. The button is highlighted in black box in the screenshot below.

  1. Clicking on Add Subscription button will prompt you to fill in essential fields to create a Lending Wallet Health alert subscription. Fill in the fields and click on Add button (located below the input fields). Please refer to the screenshot below.

    Note: Description regarding the fields is provided below the screenshot.

Fields Description

  • Name: Name for the Alert.

  • Username: The username is a unique identifier displayed when alert is received.

  • Delivery Channel: This field outlines the chosen communication platform for receiving Wallet Health Factor alerts. Currently Discord and Slack is supported.

  • Webhook: A webhook is a mechanism that allows automated messages and alerts to be sent from one system to another. Currently the discord and slack webhook is supported to receive notifications. You can find instructions on how to create a discord webhook here and slack webhook here.

  • Address: Address for which the system will track the health factor. The address can be any wallet or smart contract address that needs to be tracked. An alert will be triggered if the address is detected in Forta's security related events.

  • Threshold: Threshold value for the health factor. If the health factor goes below this value, a notification will be sent to the user.

  1. Upon clicking on the Add button, a subscription notification popup will be displayed on the lower left. See the snapshot below for reference.

  1. An example of wallet health factor alert received on Discord is provided below for your reference.

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