Combining multiple DeFi strategies in a single app

DeFi Saver isn’t just a DeFi dashboard, it's a powerful strategy builder.

Users aren't limited to a specific option, and can utilize our app's interface to implement multiple DeFi strategies under a single roof.

For example, DeFi Saver lets you open a borrow position, and then supply the debt to a lending protocol in order to earn yield. All of this without exiting the app at any point, and providing you with additional management tools such as:

  • Efficient and simple position management

  • Automations

  • Efficient and risk-free transactions

  • Portfolio overview

Let's go ahead and check out an example of the strategy we outlined above.

  1. The first step would be opening a borrow position, which can be done by navigating to the protocol of your choice from the left-hand side of the screen:

  1. In this example, we'll use Aave V3. So, entering the protocol will take us to its dashboard, where we have the option of using the "Create" button to open our CDP:

  1. This will open a pop-up in which we'll place 40 ETH as collateral, and get 30,000 DAI as debt by clicking the "Create" button:

  1. We're done with opening a CDP - as simple as that! We can now view our position, its Net APY, Safety Ratio, and our available assets on the Portfolio page:

  1. Now, we want to use the 30,000 DAI loan and invest it in order to earn yield. To do that, we just navigate to the "Smart Savings" page from the left-hand side of the screen:

  1. On the Smart Savings page, we'll find all available protocols and options for supplying assets in order to earn yield:

  1. Since we had a debt of 30,000 DAI, let's use Yearn to supply it and earn 3.5% APY. We'll start this process by simply clicking on the Yearn pool, entering the DAI amount, and clicking "Supply":

  1. And that's that! On the Portfolio page, we can now see both our CDP, and our yield-earning position:

So with a total of 8 steps, we went from an empty portfolio to a CDP on Aave, and a yield-earning position on Yearn! As previously mentioned, you'll also be provided with numerous tools that help you manage your position(s).

This was just one example of how DeFi Saver lets you capitalize on multiple DeFi strategies without jumping from app to app.

We highly recommend having a read through the rest of the "Use-cases" category, as well as reading up on all of our features under the "Features" category.

When you're done, you'll be in a position to utilize our app to its full capabilities.

Related Articles:

  • Efficient and simple position management

  • Smart Savings

  • Automations

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