What's Better On Summer This Month? 🌻

Get a glimpse into Summer.fi monthly updates.

February 02, 2024

Hello Frens!

The dawn of this new year has already unfolded with excitement, marked by the addition of a new protocol, the return of a familiar one, and the beginning of a new educational series. Dive deeper into the updates below for a closer look behind the scenes at Summer.fi.

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Maker is Better On Summer

Maker recently completed the offoarding process of the RETH-A vault type. While this might prompt concerns about potential liquidations of positions, fear not! Users that still wish to use RETH can do so in Aave, Spark and Ajna on Summer.fi in just a few simple steps.

Here's one way to transition and continue borrowing:

  • Repay your DAI debt and close your position on Maker: take charge of your position by settling your DAI debt and closing it on Maker.

  • Migrate your RETH to Spark and continue Borrowing: embrace the future by moving your RETH to Spark, where it continues to thrive as a growing collateral asset. We can ensure this migration offers a smooth and uninterrupted borrowing experience for you.

You can transition today and make the most of the new borrowing opportunities that lie ahead! Ready to make the switch? Just click here to get started on your journey.

For additional details, see the official statement from Maker in this thread.

Maker still has many other great strategy offerings, click below to take a look!

Ajna is Better On Summer

You have now the exclusive opportunity to Borrow and Lend any token on Mainnet and Base without any protocol governance or use of oracles, through our integration with Ajna.

After their successful redeployment we can offer Ajna’s innovations even better than before, seamlessly integrated with the Summer.fi UI and ensuring a high-quality and user-friendly experience for this novel protocol.

Here's what you can do on Summer.fi with Ajna:

  • Borrow, Earn, and Multiply: dive into Ajna pools on Summer.fi, or create you own, to borrow, earn, and multiply against any asset, as well as unlock exclusive Ajna Token Rewards for both lenders and borrowers.

  • Exclusive offers to show our appreciation: as a token of our gratitude to early adopters, we've introduced exclusive rewards that showcase our appreciation for your continued support through Ajna’s redeployment.

  • New Layer 2 options: we've also introduced rewards in selected pools on Layer 2, expanding your choices and optimizing your DeFi journey.

Explore further details about using Ajna in the Knowledge Base and Ajna token rewards on Summer.fi in the dedicated Blog Post. Click below to get started!

Morpho is Better On Summer

Our latest integration with Morpho Blue brings a unique take to DeFi with permissionless market creation, giving you the power to customize lending markets and risk parameters for any asset through your position on Summer.fi.

Here's why Morpho Blue can step-up your game:

  • Craft Your DeFi Strategy: with Morpho Blue, you're not just a user; you're a creator. Tailor lending markets and risk parameters, and be in the driver's seat of your DeFi journey on Summer.fi.

  • Optimized Efficiency and Affordability: enjoy improved interest rates and low gas costs, making transactions efficient and affordable, ensuring your DeFi experience is powerful but also accessible on Summer.fi.

  • Two-Step 'Borrow' Feature: say goodbye to any borrowing complexity, as you can deposit, borrow, repay, and withdraw assets into two efficient steps, offering you quick and flexible access to your assets.

In the next few weeks, you’ll hear much more about this new integration, bringing ‘Multiply’ very soon, along with more features to grow the lending and borrowing opportunities on Summer.fi.

Read more about this partnership in the Blog Post.

Latest Community Updates

  • This year we are excited to collectively share our knowledge and experience within the realm of DeFi. We recognize the complexities of navigating this dynamic landscape can be a challenge, and the wealth of opportunities aren't always visible…

    To shed light on these challenges and break it down into accessible and actionable learning guides, we created a new video series to help. Our inaugural episode of the #BetterOnSummer.fi series offers a comprehensive guide to start you off on a seamless DeFi journey. Watch the video in the accompanying blog post here.

  • To celebrate the return of Ajna we co-hosted an ‘Ajna me anything’ Twitter Spaces and had an open discussion on all things Ajna with Ajna Co-founder Greg and Summer.fi Head of BD and Strategist Lucian.

    If you missed it, you can catch up and listen back here.

Contact Us:

If you have any questions regarding Summer.fi, contact us at [email protected] or our social media.

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*UK Users: not an invitation or inducement to deal in crypto. See Blog Post.