News - Summer.fi blog

News

A collection of 50 posts

Lazy Summer Protocol - Our Litepaper is Here!

Lazy Summer Protocol - Our Litepaper is Here!

Why are we building? Today we present the first approach to the future of Summer.fi. The Lazy Summer protocol is our answer to DeFi user's needs, designed to provide a passive-earning product that redefines passive lending through automated, permissionless lending and staking. It will give the users

Time to Power up your Rays with Spark and Summer.fi!

Time to Power up your Rays with Spark and Summer.fi!

Starting today, Spark positions on Summer.fi are getting a serious boost! For the next 15 days, every Spark position will earn double $RAYS. This is your chance to maximize your rewards and climb the leaderboard using one of our supported protocols. Let’s dig into how to make the

WBTC Vault Debt Ceiling Reductions on Maker and Spark

WBTC Vault Debt Ceiling Reductions on Maker and Spark

On August 14th, 2024, MKR holders voted for significant parameter changes as part of the weekly Maker Governance Cycle; the entire proposal is available here. The wBTC debt ceiling has been set to 0 among the most notable adjustments. Your current wBTC positions will remain unaffected. These changes will prevent

Ajna Rewards Update #10

Ajna Rewards Update #10

This week, we introduced the new batch of weekly $AJNA rewards and a new pool is being rewarded! The syrupUSDC pool will get 50,000 $AJNA tokens this week. In this new pool, 95% of the allocation will go to lenders, and 5% to borrowers. Mainnet Standard Pools (60% for

Introducing $RAYS: Summer.fi's point program

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Introducing $RAYS: Summer.fi's point program

Introducing $RAYS: Get rewarded for using DeFi’s Highest Quality Protocols

Automate your Morpho Blue Position on Summer.fi

Automate your Morpho Blue Position on Summer.fi

Today is a big day for Morpho Blue on Summer.fi! Morpho isn't just better on Summer.fi—it's safer, smarter, and more efficient. With just-added protection automations like Stop-Loss to protect your assets from liquidation, and optimization automations like Auto Take-Profit to plan your exit

Swap your position from Maker to Spark in 1-tx

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Swap your position from Maker to Spark in 1-tx

We release Position Swap feature to simplify managing positions across various DeFi protocols.

Ajna Rewards Update #9

Ajna Rewards Update #9

This week, we introduced the new batch of weekly $AJNA rewards and a new pool is being rewarded! The UNIv2 LP AJNA-wETH/DAI pool will get 19,680 $AJNA tokens this week. In this case, 60% of the allocation will go to lenders, and 40% to borrowers. So if you&

New Metamorpho Vaults on Summer.fi

New Metamorpho Vaults on Summer.fi

Today, we are adding new Earn alternatives with fresh Metamorpho Vaults. These vaults are curated jointly by Block Analitica and B.Protocol, two of the most prominent players in the DeFi risk management space. Why is this important to you? Block Analitca and B.Protocol have chosen the most advantageous

Ajna Rewards Update #8

Ajna Rewards Update #8

This week, we introduced the new batch of weekly $AJNA rewards and majorly revamped our UI to make them easier to find! As you will see in the video below, you can now filter by "Token Farming", choose "Ajna" and the blockchain you're looking

The best way to find your next DeFi Product

The best way to find your next DeFi Product

If you hold assets on-chain, there is something in DeFi for you. But today it can be tough to find the right DeFi product for you. * Can you trust the protocol? * Do I have to manage all these positions my self? * Does the app support the assets I like? * Is

Multiplying and Borrowing with $AERO, $PRIME & $SNX

Multiplying and Borrowing with $AERO, $PRIME & $SNX

Welcome to our detailed step-by-step tutorial on effectively utilizing Multiply and Borrow on recently added tokens on Ajna. This guide will assist you in navigating the platform with ease. From setting up your Smart DeFi Account to the fully opened position, we'll walk you through each process to

How to Get the Best Out of your sUSDe with Ethena and Summer.fi

How to Get the Best Out of your sUSDe with Ethena and Summer.fi

What is Ethena & why does it matter? Ethena at its core, can be thought of as a Tokenized Basis trade. What does that mean? Let’s break it down. A basis trade is a financial strategy with a long history. In simple terms, it's a portfolio construction

Ajna Rewards Update #6

Ajna Rewards Update #6

Hello AJNA frens! This week, we revamped our $AJNA token rewards strategy to honor the degen we all have inside. We reduce many mainstream pools and tokens by 50% to incentivize your darkest needs! We’re introducing rewards for $DEGEN, $SNX, and $ENA. These additions are the secret sauce in

Auto Take Profit: Automate your exit strategy and realize profits at your own pace

Auto Take Profit: Automate your exit strategy and realize profits at your own pace

Realize profits and automate your exit strategy with new and improved take profit, now available on Spark and AAVE positions. As the chop and boring price action of the bear market come to an end, the simple question on many DeFi natives' minds is, how do I prepare for

How to set up Auto Take Profit

How to set up Auto Take Profit

Auto Take Profit is an automation designed to help you automate your exit strategy at your own pace. You can simply set a price at which you want to start to realize some profits and let the automation take over after it has been hit. Follow these series of steps

Ready, Set... Migrate!

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?

6 Reasons why Spark is #BetterOnSummer

6 Reasons why Spark is #BetterOnSummer

Since Spark Protocol launched as Sub-Dao from MakerDAO last year, it has seen tremendous growth as users use it to borrow against and lend their capital. In fact, it’s one of the fastest growing protocols by TVL in the last 6 months. And over that time, we’ve been

Ajna Rewards Update #5

Ajna Rewards Update #5

Another week, more $AJNA rewards for you! This week, we have again 810k $AJNA tokens to grab. We added the sUSDe/DAI pool with the yield loop allocation, meaning that 95% of the $AJNA tokens go to lenders, while 5% go to the borrowers. This is an exciting pool if

Keep your Aave Positions Protected with Summer.fi

Keep your Aave Positions Protected with Summer.fi

Aave is one of the original lending markets on Ethereum. Its total value locked has grown tremendously and remains a steady beast. If you are not familiar with Aave yet, here are three things you should know about this lending market: 1. Your collateral in Aave can be used by

Ajna Rewards Update #4

Ajna Rewards Update #4

Another week, more $AJNA rewards for you! This week, we have 810k $AJNA tokens to grab. And a special gift to MKR supporters, with rewards for the MKR/DAI pool. Check the exact allocation for each pool here: Mainnet Standard Pools: * rETH/DAI: 68,850 $AJNA weekly (60% for lenders

Summer.Fi Automation Lands on L2's

Summer.Fi Automation Lands on L2's

This is not just any launch; it's the first automation release on L2s, making position management incredibly affordable and straightforward. We believe in democratizing lending positions, making them accessible to a broader audience at a fraction of the usual gas costs. How Does This Benefit You? Now, you

It's Time to Multiply with Morpho Blue

It's Time to Multiply with Morpho Blue

Today, we’re adding Multiply to our suite of products built on top of Morpho Blue. As the CHEAPEST alternative in the market, using Multiply on Summer.fi is the only way to go! Why? With just a few clicks and a smooth, intuitive slider, you can increase or decrease

Why borrow against your crypto?

Why borrow against your crypto?

Today, we'll explore several ways and reasons why you should borrow against your crypto instead of selling using Summer.fi. There is more than one reason you, as a user, might want to get some liquidity but still hold your crypto; this is where lending protocols come into

Welcome Morpho Blue

Welcome Morpho Blue

Today, we’re happy to add another addition to Summer.fi’s protocols menu. This is the time for the highly awaited Morpho Blue! Morpho Blue is a lending protocol introducing a revolutionary concept—permissionless market creation. This feature lets users establish isolated lending markets and risk parameters for any