Discover

Finding opportunities within the DeFi landscape can be quite a tall task with the vast amount of options, apps, and protocols.

This is where the Discover dashboard comes into play, as it lets you browse and compare 1500+ different positions within integrated protocols across Ethereum Mainnet, Arbitrum, Base and Optimism.

It lets you filter options by collateral or debt assets and quickly sort available positions by supply and borrow APYs or max LTVs.

Just like the Use-case articles on our Knowledge Base, our Discover tool helps goal-oriented users make finding the right strategy simple and hassle-free. These include:

• Increase exposure to ETH and other supported tokens

• Find yield options for stablecoins and other assets (e.g. LSTS or LRTs)

• Position comparison

Simplicity and ease of access is the name of the game with the Discover tool, so getting started with it is quick and straightforward:

Show me how:

The first step would be to navigate to the "Discover" tool on the sidebar:

From there, you'll be able to filter strategies based on:

• Collateral tokens

• Debt tokens

• Chains

• Protocols

On top of this, you can select preset strategies oriented towards:

• Long ETH

• Long BTC

• Yield farm ETH

• Yield farm stables

You'll get a list of options based on your filters, and clicking on any of them will take you to the relevant page on DeFi Saver that lets you execute that strategy:

Another useful tool from the Discover feature is the “Estimate Net APY” filter. It allows you to input your desired collateral and borrow amount in dollar value - and receive a list of protocols and positions where you could open up such a position.

Most importantly, you'll also see the precise Net APY for each position. This means that by simply inputting your position's size, you get an exact idea of how much you'll be earning or paying in interest based on the Net APY.

The Net APY also considers your position's impact on the markets themselves, meaning how the supply/borrow rates change with your added/borrowed funds.

Aside from inputting the borrow and collateral amount, you can also choose the “Leverage” option, which will let you:

• Input the collateral amount in dollar value

• Define how many times you’d like to leverage it

This way, our Discover tool will filter out all positions that don't fit within the precise filters you set up, along with metrics that help you determine how much you'll be earning or paying in interest. Ultimately, it saves you time from:

• Researching protocols to find the perfect option for the size you had in mind

• Calculating the Net APY for each position that seems interesting to you

Using this feature is easy, so let’s take a quick look:

Show me how:

Say we're already on the Discover page. Under the filters, you'll see the "Estimate Net APY" button:

Clicking it will expand the window and let us choose the Borrow or Leverage tab. Choosing the Borrow tab lets us set how much collateral we want to place (in dollar value) and how much we'd like to borrow (in dollar value):

In this case, our Discover tool is providing us with all of the protocols and positions that have an LTV which would allow us to borrow $90,000 USD worth of debt using $100,000 USD worth of collateral.

If leveraging is more aligned with your strategy, then simply clicking the "Leverage" tab will provide you with input options:

For example, we're looking to leverage $100,000 USD worth of collateral 15 times. We simply input the dollar amount, and moved the slider to 15.

From there, our Discover tool handled the rest and provided us with positions and protocols that allow us to execute a strategy with the parameters we set. Along with that, you see the exact Net APY for each position.

So, if we opt to borrow from the suggested Aave v3 wstETH/ETH position with a 9.04% Net APY, we immediately know that we'd be looking at a profit of over $9,000 USD. All of this information is accessible within minutes thanks to the Discover tool's "Estimate Net APY" filter.