Discovering Summer.fi on Base
Base is becoming a popular choice for DeFi users and apps. With low fees, fast transactions, and Coinbase support, is becoming one of the most popular L2's in the ecosystem just behind Arbitrum in terms of TVL
On Summer.fi we've been building on Base for some time now, and in this blog we'll go over the products and features you can access on Base.
What Summer.fi Offers on Base
Summer.fi brings multiple protocols together on one front-end, so you don’t have to be jumping around different apps to manage your position. On Base, this means more speed, less cost, and more straightforward ways to handle your assets in DeFi.
By selecting 'Base' in the 'Network' dropdown, you'll access the full offer on Base for a given product, whether it's Borrow, Multiply, or Earn.
Morpho, Ajna and Aave v3 are all supported in Base, and with decent amount of liquidity to create your positions!
Looping & Multiplying Strategies
With Summer.fi, you can loop positions, letting you build up more yield efficiently on Base’s low-cost network. This feature works well for experienced and new users, helping you get more from your holdings with less effort. The offer for Multiply and Earn (yield loops) is massive!! You will need to explore independently to see which best suits your risk/reward appetite.
From the battle-tested wstETH/ETH yield loop to more risky choices such as LST loops, we have something to fit your needs!
Automation
Summer.fi’s automations adjusts your positions without you needing to monitor them closely after you set them up. Automation saves time and reduces the worry of constant market tracking, especially in fast-moving markets like we've experienced the last few weeks. The advantage on Base are basically gas costs, with deep liquidity and low gas costs, automating your position is a no-brainer!
Most of our automations are available on Base, and we're working on deploying the ones we're missing so you use the full suite of Automations on your favorite L2.
If you want to learn more on Automations, visit our documentation,.
More Offerings on Base Network
Borrowing & Lending
Summer.fi brings borrowing and lending to Base. With various supported assets and protocols, you can use your funds more effectively—either by earning interest or leveraging positions to increase returns. This week, we released for the first time $EURC debt positions on Morpho, another giant step toward making stablecoins the backbone of DeFi and the key to broader adoption!
Yield Farming & Rewards
Yield farming on Summer.fi lets you earn on your assets, tapping into rewards available on Base. Right now you can farm $MORPHO and $AJNA rewards on Base, look for the ✨ icon next to a position to check for the incentivized pools.
$RAYS Incentives
By engaging with Summer.fi on Base, you earn $RAYS 💥
This extra reward layer makes the experience on Base even more worthwhile for active users. If you want to check your place in the leaderboard just head to:
Getting Started with Summer.fi on Base
Want to start? Here’s how:
1. Connect to Base Network with your wallet and head to Summer.fi.
- In the product finder choose 'Base' as a Network.
3. Deposit assets to start borrowing, lending, or farming.
4. Use Multiply and Earn to loop positions and explore what Summer.fi offers on Base.
Tip: To boost your returns, check out $RAYS incentives, stay active, and explore new ways to engage on the app 💥
Getting in touch
If you have any questions regarding Summer.fi, contact us at support@summer.fi or our social media.