Having supported Aave since v1 on the mainnet, we're very happy to now integrate v3 on L2s.
Our Aave dashboard at app.defisaver.com/aave/ includes signature Boost and Repay 1-tx leverage management options, as well as new user customizable action combining.
To help users get their assets to L2s we've teamed up with LiFi, a bridge aggregating protocol that aims to find and provide the best rates on any moves between chains.
Today we're partnering with @LidoFinance for a special 2-week promo!🎇
2,500 $LDO are ready to be rewarded to users who:
- Collateral shift $ETH to $stETH or
- Stake $ETH with Lido + deposit $stETH
in @MakerDAO or @AaveAave.💰
Some of the actions you can make at DFS that are eligible for these $LDO rewards include:
- (Aave) Creating stETH/ETH leveraged positions
- (Aave) Collateral shifts from $ETH to $stETH
- (MakerDAO) ETH-A/B/C to WSTETH-A shifts
The stETH/ETH leveraged positions in Aave are especially interesting, as this effectively provides users with a low-risk, high-yield strategy for their $ETH.
You can find an example Recipe that you can adjust to your needs here:
Not sure which lending protocol would suit your needs the best?🤔
Let's look at some of the main differences between the protocols we support, so you can make the choice as best as possible and, who knows, maybe even use a combination of them for different purposes.
Thread!👇
First off, different protocols support different collateral types.
When it comes to borowing requirements, in money market protocols (e.g. Aave and Compound) there is no minimum borrowing amount, while MakerDAO decides on this variable parameter for each asset, Reflexer changes it algorithmically and Liquity has a fixed 2,000 $LUSD minimum.
Starting today, you can:
-Borrow $DAI against $wstETH
-Convert existing $ETH-based Vaults into $wstETH
-Enable liquidation protection for your $wstETH Vault
...all this and more at app.defisaver.com.
More in the thread!👇
The new WSTETH-A Vaults in MakerDAO allow you to borrow DAI against wrapped $stETH.
Alternatively, you can also create a leveraged, long $ETH position using $wstETH, where you would be earning yield from ETH staking and be exposed to any ETH upside.
The @iearnfinance protocol is now integrated in our Recipe Creator!🥳
Starting today you can deposit any of the supported assets into Yearn vaults using DeFi Saver, as well as combine this action with any other protocol interactions.
Let's see some example recipes below.👇
#1 You can create a @MakerDAO Vault and deposit the borrowed $DAI into Yearn, all in one single transaction.🧑🍳
The Stability fee for $ETH-A in Maker is 2% and the current NET APY for the $DAI Yearn Vault is ~6.5%. Quick and simple.👌
#2 Alternatively, you can open a @reflexerfinance $ETH Safe and borrow $RAI.
The Stability fee in Reflexer is -0.5% and you can swap the $RAI for a higher yielding asset, $USDC or $DAI (don't show this to @ameensol🤐), to deposit into Yearn.
Due to the heavy drop in ETH price coinciding with network congestion and a spike in gas prices today, our automation system struggled to execute all needed CDP ratio adjustments in time. (1/4)
Unfortunately, our system has failed to protect 2 monitored CDPs, which have been liquidated in the process. Although our automated protection is still in beta, our team is disappointed to have let some of our users down and we are willing to recuperate the losses suffered. (2/4)
We ask the owners of these two CDPs to please reach out to us here via DM or via our Discord at discord.gg/XGDJHhZ in order to confirm ownership and complete the process at their convenience. (3/4)