Degen Income Strategies with Summer.fi
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover a powerful tool for identifying and executing DeFi income strategies called Summer.fi!
Years ago, I was the second hire at Zapper during DeFi Summer. At that time, Zapper was a go-to application for discovering DeFi farms, including how to enter or exit them. While Zapper’s gone a different direction, the demand is still there for an app that curates the best DeFi opportunities.
Built by the team who originally pioneered the Oasis app for MakerDAO CDPs, Summer.fi has emerged as one of the most popular applications for borrowing, lending, and earning onchain across Ethereum, Base, Optimism, and Arbitrum. Today, Summer.fi enables over $4.2B in assets to be managed onchain.
Summer.fi helps users to borrow, lend, and multiply their portfolio assets in a few clicks, thanks to industry leading automation tools. Opening positions that you have to monitor can be confusing, risky, and time-consuming, so we need a tool that helps us to:
- Save time
- Discover opportunities
- Find balance between risk and reward
- Find the correct strategy for our portfolio based on our assets and network
Similar to Instadapp and DeFiSaver, Summer.fi’s Borrow product offers a library of powerful flashloan recipes, accessible in a few clicks using automation tools to borrow against collateral via Aave, Maker, Morpho, Spark and Ajna.
What’s even more unique on Summer.fi is their Earn product. Earn allows you to “earn long term yields to compound your crypto capital” thanks to the following benefits.
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