Summer.fi November Newsletter 🏜

Hello frens,

We can’t believe its almost the end of the year, things are just heating up…

From a development side, this month we introduced our new Smart Portfolio page, offering the most accessible insights into your portfolio, right where you need it, as well as personalized info you might need at your fingertips.

Also, if you’ve been enjoying Spark on Summer.fi these past couple of months, there’s been even more reason for excitement, especially wBTC users….

What’s more? Our team had the best time sharing some Summer.fi sun on the DeFiBoat trip down the Bospheros in Istanbul.

But before you set sail, could you spare a minute to share your thoughts? Your user insights help shape the future of Borrowing and Lending on Summer.fi, and we can’t do it without you. Take part in the thrilling voyage to improve together!

Stats

We’re ranked 6th by TVL on DeFiLlama, currently managing over $3.7bn on Summer.fi, so follow us to catch all the sunny updates.

Technical & Development Updates

• This month, we seamlessly integrated our new Smart Portfolio, so keeping tabs on your position is easier and more intuitive than ever. With this update you can effortlessly monitor and manage the health of your position and assets, and gain quick access to a comprehensive overview all in one place, including Wallet Balance, Portfolio, Total Assets and Total Debts. Additionally you can expect personalized strategy suggestions tailored to your assets, as well as first view into new features and insightful updates that could benefit you.

  Learn more about your portfolio. 

• We were also very happy that Spark expanded its offerings to support wBTC, allowing you to explore your Spark capabilities on Summer.fi even further. You can deposit your wBTC and Borrow DAI or Multiply your exposure to wBTC in just a few clicks; and don’t forget you can protect your position with Stop-Loss to mitigate risks and minimize stress of potential losses. Read more updates about Spark here.

Community Updates

• We had a lot of fun as captains of the Devconnect DeFiBoat event in Instanbul this month. We always enjoy getting to host events around the world, passionately talking about DeFi, and this time was especially enjoyable collaborating with frens from Ajna, 1Inch, Lido and CryptoCanal.

  

• If you want to read about us, get ready to take a dive into one of Blocmates’ latest articles, where they explored all of Summer.fi’s features, and even some exciting sneak peaks into what will be coming soon. Read it here.

• Lastly, Summer.fi Marketing Lead, Maria, joined the Bankless Brazil Show where they divulged in a great conversation about all things marketing and community building in DeFi, and discussed Maria’s journey in the space. Watch the interview here.

News From The World

As always, before we say goodbye, we want to share some snapshots of what is happening around us.

• A recent study by Peter Yu, a Texas A+M University School of Law Professor, delved into the use blockchain in copyright administration. Beyond its known capacity, for secure and tamper-proof ownership records, Yu highlights its potential as a cornerstone for future copyright registration. Leveraging its traceability and public accessibility blockchain emerges as a possible transformative solution adressing various challenges within copyright operations, as revealed in the study’s insights.

• Social-Fi, the fusion of social media and DeFi, emerged in the surge in online engagement during the pandemic, explains The Defiant. It aims to empower creators through direct P2P transactions, thus bypassing ad revenue volatility. Friendtech’s launch on Coinbase’s L2 Base introduced gated chatrooms where users bought access via “keys”, sparking this trend. While NewBitcoinCity and others expanded features, concerns over fees emerged and persist. The anticipation around Friendtech’s Airdrop signals broader interest in this creator focused economy, yet it remainds unready for retail, and only can hint at the potential spark reshaping content monetization across web2 and web3.