Ready, Set... Migrate!
If you've been directly managing your positions through Aave V3 or Spark Protocol, we're here to make your life easier. Our new feature allows you to transfer your positions into Summer.fi effortlessly, without the hassle of settling any existing debt. And the cherry on top? You'll unlock a handful of features exclusive to Summer.fi users.
What's in It for You?
Simplify Your Risk Management: Imagine adjusting your position's loan-to-value (LTV) ratio with just one click. Whether you need to buy or sell collateral or adjust your debt, it's all done in a single transaction. No more juggling multiple operations.
Effortless Position Closing: Do you need to close your positions quickly, especially in a turbulent market? Now, you can do so in one smooth transaction without scrambling for liquidity.
Stop-Loss Automation: Join the ranks of savvy investors using our Stop-Loss tools, now a choice for over 20% of positions on Summer.fi. Shield yourself from unexpected market downturns easily
A Streamlined Experience: Our cleaner UI looks better and comes packed with essential info like liquidation prices, profit and loss, and an enriched history view.
Transforming Your DeFi Experience
Forget about multiple transactions for different tasks. On Summer.fi, most actions are reduced to a single step, or even automated to your preference, ensuring your positions are managed efficiently, even while you're away.
There's also no more need to keep a multitude of tabs open. Summer.fi brings all necessary data and tools into one seamless interface, empowering you to make informed decisions and execute them directly.
Getting Started Is Easy
Simply connect your wallet to the Summer.fi, and it'll automatically highlight any positions eligible for Migration. You'll get a sneak peek of how your positions will look on our new portfolio page, even before you make the move.
Under the Hood
Here's a quick rundown of the migration process:
- Smart Account Deployment: If you haven't already, you'll be asked to create a Smart Defi Account, enabling our suite of value-added features.
- Token Allowance: Set an allowance for the aTokens in your wallet.
- Migration: A flash loan covers your position's debt, allowing for its repayment. Your aTokens are transferred to your Smart Defi Account, and the debt against your collateral is adjusted to repay the flash loan. Voilà, your position is now on Summer.fi, ready for enhanced protection with optional stop-loss automation.
As we wrap up, it's clear that migrating your Aave V3 or Spark Protocol positions to Summer.fi is not just about changing UIs but also upgrading your overall experience and managing your positions.
Getting in touch
If you have any questions regarding Summer.fi, contact us at support@summer.fi or our social media.
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