What's Better On Summer This Month? 🌱

Hello Frens!

While February was the shortest month, we took substantial strides expanding our Automations and proudly launched our most advanced Automation feature to date. You can be rest assured nothing fell short this month and take a look deeper into the updates below for a closer look behind the scenes.

Don’t forget to check out the latest tutorials to find out more about why your favorite protocols are #BetterOnSummer!

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Aave is Better On Summer

There are many exciting new opportunities with the latest Automation feature additions for Aave, beginning with the first launch of Automations on L2’s, Auto-Buy and Auto-Sell. These two tools allow you to both mitigate risks and take advantage of market moves at a predetermined rate, so you don’t need to monitor your position constantly.

Next the beloved and most-used “classic” Stop-Loss is also now available on Aave for ALL networks, making it available on L2’s!

Lastly we introduced Trailing Stop-Loss, which offers a dynamic form of Stop-Loss order that adjusts to market price fluctuations for you. Trailing Stop-Loss is Summer.fi’s most advanced Automation yet and available to setup for all Aave positions on ALL networks. Learn more in the Blog Post.

Here’s why Automations make Aave #BetterOnSummer: 

• Automated actions: make optimizing your position effortless with Auto-Buy and Auto-Sell doing the hard work for you by increasing or decreasing exposure to an asset.

• Fixed-price protection: by Stop-Loss in place safeguards your position from being liquidated and limits any worry of potential losses.

• Dynamic protection: with Trailing Stop-Loss sets dynamic protection for your position to move with the market while still preventing liquidation or loss.

Learn more about protecting your Aave Positions here.

Ajna is Better On Summer

You now have the opportunity to Borrow DAI against newly integrated sUSDe (Ethena) on Ajna, allowing you to Multiply your staking yield exposure as well as also earning exclusive $AJNA Rewards on top.

Here’s why sUSDe can boost your staking yield:

• Swap to sUSDe: Borrow DAI with the best rates and swap the borrowed DAI to sUSDe which will both boost your staking yield and automatically make you eligible for $AJNA Rewards.

• Multiply your exposure: use your sUSDe to open a Multiply position with Ajna on Summer.fi, allowing you to boost your yield in just a single Multiply transaction.

Stay updated for the latest Ajna Token Rewards announcements and explore the Knowledge Base to learn more about Ajna. Click below to get started!

Spark is Better On Summer

Optimizing your Spark position is now easier than ever as you can Migrate your position to Summer.fi and setup Auto-Buy, Auto-Sell, Stop-Loss and Trailing Stop-Loss Automations, which are all available for Spark. Automation tools can be setup in just a fews simple steps, allowing you to relax and let your position do all the hard work.

Here’s how to Migrate and Automate your position:

• Migrate an EOA to Summer.fi: connect your wallet on Summer.fi and any positions available to migrate will be highlighted and moved in no time.

• Enjoy Multiple Independent Spark Positions: by using Summer.fi’s Smart Account you can have as many Spark positions managed through a single wallet as you wish, which is not possible on Spark alone.

• Optimize your Position: take advantage of market moves with Auto-Buy and Auto-Sell and you’ll never worry about missing the right time to get more or less exposure.

• Prevent Losses: reduce the risks of liquidation with Stop-Loss OR setup the new Trailing Stop-Loss which responds to changes in market price, providing a more adaptable method for managing risks.

Learn more about Spark in the Blog Post.

Morpho is Better On Summer

Multiply is now available on Summer.fi for all Morpho Blue markets, giving you access to the cheapest fees on the market. With this addition you can Multiply your exposure to any asset in Morpho Blue in a single transaction, just as you would use Multiply for any other protocol.

Here’s what you can do on Summer.fi:

• Open a position: Enter a position with any supported collateral, select the multiplier and open a long-position, all from Summer.fi.

• Increase or decrease your exposure: increase or decrease your risk, or multiplier in just a single action without depositing or withdrawing any collateral.

Read more about Morpho Multiply in the Blog Post.

Latest Community Updates

• In this month’s Twitter Spaces we joined up with Morpho Blue where we discussed how to make the most of Morpho on Summer.fi and the introduction of Morpho Blue on Multiply. If you missed it, you can catch up and listen back here.

• Last week some of the team were busy over at ETHDenver giving talks in workshops, with Maria on stage speaking about Web3 Marketing, and even joining Ajna for the NBA game. You can watch Maria’s presentation here!

• Next we will be at the ETHDam Conference and Hackathon in April 12-14th, with some of us preparing to take stage... Tickets are still available, so come along and we would love to you there!

• For the podcast enthusiasts, have a listen to the latest episode of the DeFine Podcast with Summer.fi guest Ann Sofie, exploring DeFi in 2024 from a legal and regulatory view in the space. Listen to it here.

Contact Us:

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

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Knowledge Base 

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