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Using Spark on Summer.fi: Latest Developments and Features

For a few months now, Summer.fi revolutionized your DeFi experience by integrating with Spark, offering an array of opportunities for you. From leveraging Spark's unique benefits in various token pairs to introducing innovative features like Stop-Loss Protection, Summer.fi is set to enhance your Spark experience. So,

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Stay On Top Of Your Positions And Assets, All In One Place

We're unlocking all the superpowers you need to reap through the next bull market 🐂 We are expanding. If you’ve been using Summer.fi for a while, or if you are a new user just deciding what’s the right product for you, you can see how many

Power Up Your Borrow Vault: One-Click Risk Actions

Today, we are releasing a core set of features allowing you to manage our most used product, Borrow, at best. Stop Loss is one of our most loved features and used by many borrow vault owners. This ability to mitigate unnecessary losses is fundamental to what we always want to

Product Featured

Summer.fi expands to Base

Today, we are excited to announce the expansion of Summer.fi product offerings to Base. Built on Optimism’s OP Stack and incubated by Coinbase, Base aims to bring a billion users on-chain and we’re thrilled to support that vision. Layer 2 solutions alleviate the congestion on the Ethereum

Boost your sDAI yield with Summer.fi and Spark

From today, you can now enjoy sDAI Yield Loop strategies on Spark Protocol by borrowing against USDC and USDT. By creating this position, you can access a higher APY than the standard Dai Savings Rate (DSR) when the borrowing cost of USDC or USDT is lower than the DSR. What

The Stop-Loss Protection Superpower is now available for Spark protocol

Understanding that crypto assets can be unpredictable, we are thrilled to unveil the new Stop-Loss Protection feature for your Spark positions on Summer.fi. You can now set your position to close automatically if the Loan to Value (LTV) reaches the trigger you've selected. This ensures your position

Navigate into Summer.fi in an Easier Way!

Do you want to access a new protocol? Try a new product? Or see what’s available for your favorite token? Today, we are releasing a revamped navigation so that you can more easily access all that we have to offer. Whether its a new token, protocol or strategy that

Boost your positions with Summer.fi on L2s

Good morning, Summer enthusiasts! Just as Ethereum continues to evolve, so does Summer.fi. With our L2 support, your transactions become remarkably faster and more cost-effective! Imagine your wallet wearing a Jetpack; this is using Summer.fi on L2s feels 🚀 Scaling New Heights with L2s and Multiply L2s have become

How to mitigate risk with Summer.fi Superpowers

Become the ultimate DeFi super-hero with the Stop-Loss Shield and the Auto-Sell Orb What are the risks when investing in Defi, and how can Summer.fi help? The benefits of Defi are numerous; it offers open access, interoperability, transparency, and self-custody and can undoubtedly offer financial gains. However, it’s

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Summer.fi Now Available on Arbitrum

Good news, Summer Enthusiasts! We're extremely happy to share that Summer.fi has landed on Arbitrum, giving Ethereum a fabulous scalability boost. And guess what we kicked off with? A splendid dive into the realms of Aave and Multiply. Go long and short in the cheapest ways possible,

DeFi Superpowers Glossary: The Trust

“Wait … Isn’t the whole point of DeFi to ensure that you don’t have to trust intermediaries anymore?” Well, yes, but as there are no explicit intermediaries within DeFi, you need to make sure you know what to look out for to find out if a DeFi project is

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Summer.fi Now Supports Spark Protocol

Get your super sparkles out ✨. Spark protocol can now be entered through Summer.fi! Fully eligible for SPK token rewards on selected pairs. Open your Spark positions now on Summer.fi by filtering on Spark. We integrated Spark protocol support for various pairs of tokens, and more will be added

Unleash Your DeFi Superpowers with Summer.fi!

Welcome to the ultimate saga of crypto adventure! Imagine a world where the freedom to control your assets is not just a dream, but a superpower you can wield. With Summer.fi, we're turning that vision into reality. Why Does Summer.fi Give You the Chance to Become

Ajna Rewards Update #3

Every Friday, a new cycle starts for your AJNA rewards. Total weekly rewards for this week are 1,000,000 AJNA per week, and are allocated in the following pools: These pools will have 60% distributed to lenders and 40% to borrowers. * RETH/DAI with 90,000 AJNA per week,

Potential Griefing Vector Identified on Ajna Protocol

TLDR; All Ajna users should payback or close their Ajna Positions without delay. This is only related to AJNA protocol, Maker and AAVE users are NOT affected The Ajna Protocol team recently identified a way to grief a section of users of the protocol. Whilst we're uncertain how

Ajna Rewards Update #2

Every Friday, a new cycle starts for your AJNA rewards. Total weekly rewards for this week are 1,000,000 AJNA per week and are allocated in the following pools: These pools will have 60% distributed to lenders and 40% to borrowers. * RETH/DAI with 70,000 AJNA per week,

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Summer.fi Referrals get a Sunny Upgrade

The Summer.Fi Referral scheme has had a big update: it’s now even easier (and cheaper!) to get your friends referred to Summer.fi to start earning, and up to 20x cheaper to claim your referral fees. So if you want to share the knowledge about the DeFi Superpowers

Ajna Rewards Update #1

Every Friday, a new cycle starts for your AJNA rewards. Total weekly rewards for this week are 1,000,000 AJNA per week and are allocated in the following pools: These pools will have 60% distributed to lenders and 40% to borrowers. * RETH/DAI with 90,000 AJNA per week,

Product Featured

Move & Protect Your Aave v3 Borrow with Stop-Loss

Introduction Summer.Fi expands its Borrow product with Aave v3, offering to deposit collateral and draw debt whilst protecting your position with Summer.fi’s Stop Loss. When using Aave for borrowing, now is the best moment to start using Summer.fi to optimize your borrowing strategies. What does this

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EDSR Adjustment, Multiple Stability Fee updates.

On August 18th, 2023, MKR holders voted for significant parameter changes as part of the weekly Maker Governance Cycle; you can see the entire proposal here. These changes are available for execution from August 20th. DSR Adjustment * Reduce the DSR by 3% from 8% to 5%. Stability Fee Updates * Increase

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AJNA Unleashed: Welcome to the Lite UI

Until now, you can access Ajna pools on Summer.fi that we have selected and curated. With the release of Lite UI we are providing you with the full power of Ajna’s permissionless architecture. You can now search for any pool, but not only that, you can create your

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Holding Your ETH vs Using Summer.fi

The non-custodial wallet is one of the best parts about crypto. You can be the true owner of your assets and be in full control. With some non custodial wallets like Safe by Gnosis you can even have access to multi-signature non custodial wallets that make your assets that much

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Hold DAI and Earn on Summer.fi

On August 4th, 2023, as part of the weekly Maker Governance Cycle, MKR holders voted for a DSR increase to 8%. Read about what DSR is in our recent blog post. What can you do now on Summer.fi? As you know, when you deposit your DAI into the DSR

Product

Summer.fi Expands to Optimism

Today we are very happy to expand our product offerings on Optimism. This was needed to provide enhanced functionality, reduced transaction costs, and improved speed and ease of use. You can now take advantage of all the buying opportunities you want on Summer.fi with 42x cheaper transactions on Multiply.

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Oasis.app Rebrands To Summer.fi

We are thrilled to announce a major transformation within our team at Oasis.app - a rebranding that ushers in a new era: Summer.fi! Our fresh identity reflects our growth from a frontend platform to a comprehensive multi-protocol DeFi ecosystem, offering you access to a diverse range of products.