DeFi Saver Fees
Last updated
Last updated
DeFi Saver is an advanced management application for DeFi protocols and has built-in service fees for some of our advanced features, as described in more detail below.
Any standard protocol interactions (e.g. supplying, withdrawing, borrowing and paying back assets) have no fees from DeFi Saver. Simply holding any positions open through DeFi Saver incurs no fees of any kind (e.g. no rent or performance fees).
The exact service fee will be highlighted at the screen of the feature you're trying to use, for example in the Boost and Repay windows or in the Loan Shifter UI.
The service fee is present only on complex transactions that include a token swap within and there are three categories of fees:
0.01% fee is taken on stablecoins pairs, for example, USDC-DAI
0.10% fee is taken on swaps between assets that are correlated in price, but volatile, for example, ETH-stETH and WBTC-renBTC.
0.25% fee is taken on all other swaps between completely non-correlated assets.
Standard interactions (e.g. Add/Withdraw collateral; Borrow/Pay back debt) have no service fees.
Advanced interactions (Boost, Repay, Create leveraged position, Close position) have a service fee (of the amount being swapped).
Automated adjustments have the same variable service fee (depending on the asset category) for any swaps happening, and an additional 0.05% automation fee (of the transaction size, per automated adjustment).
Depending on the complexity of the shift you are making, any existing fees will differ.
Protocol shifts don't have any service fees, as long as the shift is happening without change of collateral or debt asset.
Collateral and debt shifts include a service fee that varies depending on the type of asset being swapped
Only the Sell action has a variable service fee depending on the type of asset being swapped
All options in the Smart Savings dashboard have no DeFi Saver service fees of any kind, neither on your initial deposit, nor on the yield earned.
Any advanced "Claim + Resupply" options will include a 0.25% service fee.
All token swaps in the separate Exchange have no service fees included.
Many of our advanced features use flash loans in the process, including a number of leverage management and loan shifting options.
DeFi Saver does not charge any kind of service fee for flash loans, however some protocols providing flash loans may have a protocol fee attached.
Out of the integrated flash loan providers, Balancer, dYdX and Maker have a 0% fee on flash loans, while Aave has a 0.09% protocol fee on any flash loans made.
The flash loan provider and their fee is now separately outlined at the bottom of any relevant confirmation windows for full transparency.