News - Summer.fi blog (Page 2)

News

A collection of 50 posts

Why is DeFi #BetterOnSummer?

Why is DeFi #BetterOnSummer?

How can I get started in DeFi, and what’s possible? If you have crypto assets in your wallet, you are probably asking yourself this question right now. We all know what it's like… checking your portfolio tracker or the price charts constantly. As the next bull run

Ajna Relaunches on Summer.fi

Ajna Relaunches on Summer.fi

We're thrilled to share the relaunch of the Ajna protocol. After a long series of reaudits to thoroughly fix the griefing vector that was previously discovered, the protocol is now ready again to expand DeFi lending and borrowing to any asset. This version of Ajna keeps every feature

Ajna Will Be Soon Back on Summer.fi With Token Rewards!

Ajna Will Be Soon Back on Summer.fi With Token Rewards!

With the highly awaited relaunch of Ajna just around the corner, we're excited to share some vital updates. This blog post will guide you through the updates on $AJNA token rewards. Moreover, the latest iteration of Ajna not only retains all the existing features of the protocol but

A Deep Analysis of a Spark Multiply Position

A Deep Analysis of a Spark Multiply Position

In this blog, we'll explore a fascinating case study of a position involving Summer.fi Multiply and Spark, to understand how strategic moves and the right features can lead to a profitable move in DeFi. The Entry: Establishing a Multiply Position On Nov 30th, This user began by

Get Ready For Morpho Blue’s Summer

Get Ready For Morpho Blue’s Summer

We're always on the lookout to add new features and protocols for the benefit of our users. The upcoming integration with Morpho Blue is no exception - borrowing in DeFi is about to improve. Why did we decide to integrate it? We aim to establish Summer.fi as

Using Spark on Summer.fi: Latest Developments and Features

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,

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

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

Potential Griefing Vector Identified on Ajna Protocol

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

Move & Protect Your Aave v3 Borrow with Stop-Loss

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

EDSR Adjustment, Multiple Stability Fee updates.

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

Hold DAI and Earn on Summer.fi

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

Summer.fi Expands to Optimism

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.

Oasis.app Rebrands To Summer.fi

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.

Bridge and Swap Your Favorite Tokens on Summer.fi: Introducing the LI.FI Swap Widget

Bridge and Swap Your Favorite Tokens on Summer.fi: Introducing the LI.FI Swap Widget

We are thrilled to share the exciting news of our latest integration—the LI.FI swap widget—now available on Oasis.app. With this powerful tool, you can effortlessly bridge and swap your favorite tokens, providing you with a seamless and user-friendly experience. Prepare yourself for the upcoming Oasis Multiply

Expanding EARN with Aave V3

Expanding EARN with Aave V3

With the new Earn strategy, Summer.fi allows you to get up to 9.99x staking rewards using Aave v3 on mainnet with wstETH/ETH pair. Why should you use it? This release will allow you to increase your exposure to Ethereum staking yields in just one transaction, making it

Introducing Summer Multiply For Aave

Introducing Summer Multiply For Aave

At Summer.fi we want to be the most trusted place to deploy your capital in DeFi. As yet, we have only been supporting Maker collateral and stETH strategies on AAVE. We are now expanding our multi-protocol offer, starting with Multiply functionality through AAVE for ETH, wBTC and stETH. This

A Xmas Gift Dropped To You By Summer.fi!

A Xmas Gift Dropped To You By Summer.fi!

As a way of saying thank you to our users we would like to share some love: we will be your Santa this year! We will be selecting 10 random frens who use Summer.fi Multiply between now and the end of the year, who will receive a drop on

End of the Year 2022

End of the Year 2022

A year in review This year was a big year for Summer.fi as we launched a number of amazing new products and features, starting with automations, Summer.fi Earn and ending the year with Discover Summer.fi. We also closed some exciting partnerships this year through our bug bounty

Summer.fi Expands Earn With AAVE stETH Strategy

Summer.fi Expands Earn With AAVE stETH Strategy

Summer.fi Earn moves into AAVE Today, we are pleased to announce the launch of AAVE StETH/ETH Earn strategy to multiply your exposure to Proof of Stake yields with ETH. Enter this strategy with ETH, and take advantage of the best of DeFi to improve your staking yields. What

Introducing Summer.fi Earn

Introducing Summer.fi Earn

Today Summer.fi is moving its first step towards making it easier for you to earn on your assets. The products for Summer.fi Earn, as we are calling it, are curated DeFi-products that easily put your deposits in a position to earn a yield. Summer.fi Earn is a

Summer.fi Raises $6M USD in Series A Round

Summer.fi Raises $6M USD in Series A Round

We’re excited to reveal the raising of $6 million while closing our Series A funding round as of March 16, 2022. Having received these funds through a mix of fiat and crypto, and led by Libertus Capital, this funding will go toward developing our Oasis product, bringing on more

Summer.fi 100k Bug Bounty Program In Partnership With Immunefi

Summer.fi 100k Bug Bounty Program In Partnership With Immunefi

We are happy to announce our new bug bounty program in partnership with Immunefi. This $100k bug bounty aims at incentivizing developers and ethical hackers to recognize vulnerabilities in our smart contracts, website and applications. Why A Bug Bounty Program? Our primary goal is to be the most trusted entry

Introducing Ajna Token Rewards

Introducing Ajna Token Rewards

We are delighted to announce an exciting development on Summer.fi that will supercharge your experience using the Ajna protocol. Our new program introduces a rewarding system with Ajna Tokens to users with positions opened on Summer.fi's Smart Defi Account. Starting immediately, you can accumulate Ajna Tokens

What is Stop Loss on AAVE?

What is Stop Loss on AAVE?

Just like you could already do with Maker vaults, you can now also protect your AAVE Positions from liquidation using Summer.fi automated Stop Loss protection. Why should I use Stop-Loss Protection? Our automated Stop-Loss Protection frees you from the worry of big losses. When you set up your stop

Ajna is now LIVE on Summer.fi

Ajna is now LIVE on Summer.fi

We are happy to announce that today we integrated another protocol: Ajna, a peer-to-peer, permissionless, noncustodial lending and borrowing system. This integration allows you to borrow and lend on assets not typically available on other DeFi protocols, setting your terms. Ajna's unique design has enabled you to create