Feature Comparison
In this article, we'll go over the available features on Summer.fi and DeFi Saver - and compare which ones are the same tool (under a different name), and which on DeFi Saver, but not on Summer.fi.
Opening a position:
Feature
DeFi Saver
Feature Description
Summer.fi
Feature Description
Borrow
✔️
Open a regular borrow position by selecting your collateral/debt assets and inputting the amount of each.
✔️
Open a regular borrow position by choosing a pre-defined option of collateral/debt and inputting the amount of each.
Leverage / Multiply
✔️
Create a looped position by choosing the collateral/debt asset, inputting the collateral amount and setting the leverage slider to the desired number of loops.
✔️
Create a looped position by choosing a pre-defined option of collateral/debt and setting the leverage slider to the desired number of loops.
Leverage (Discover) / Earn
✔️
Find looped yield opportunities through the Discover page - click the position and open it using the "Leverage" tool
✔️
Find looped yield opportunities through Earn options - click the position and open it by setting the loop slider
Managing your position:
Feature
DeFi Saver
Feature Description
Summer.fi
Feature Description
Supply / Deposit
✔️
Supply more collateral into your existing borrow position
✔️
Deposit more collateral into your existing borrow position
Withdraw / Withdraw
✔️
Withdraw collateral from your borrow position
✔️
Withdraw collateral from your borrow position
Borrow / Borrow
✔️
Borrow more debt from your borrow position
✔️
Borrow more debt from your borrow position
Pay Back / Pay Back
✔️
Pay back part of, or your entire debt
✔️
Pay back part of, or your entire debt
Repay / Multiply
✔️
Manual tool that lets you decrease leverage by inputting how much collateral you'd like to withdraw and swap to repay debt
✔️
Manual tool that lets you decrease leverage in one transaction
Boost / Multiply
✔️
Manual tool that lets you increase leverage in 1-tx by inputting how much debt you'd like to generate and swap into collateral.
✔️
Manual tool that lets you increase the leverage in your borrow position by generating more debt and swapping it to collateral
✔️
Change your collateral asset in one transaction
❌
While the Position Swap tool lets you change your collateral asset, it also requires you to move to a different protocol - meaning you can't change your collateral asset while remaining on your current protocol
✔️
Change your debt asset in one transaction
❌
While the Position Swap tool lets you change your debt asset, it also requires you to move to a different protocol - meaning you can't change your collateral asset while remaining on your current protocol
✔️
Flip your position, where your collateral asset becomes debt, and the debt asset becomes collateral.
❌
While the Position Swap tool might give you an option where your collateral and debt are flipped - it also requires you to change the protocol you're on. This means you can't simply flip the position while remaining on your current protocol
Loan Shifter / Position Swap
✔️
Move your entire borrow position to a different protocol
✔️
Move your entire borrow position to a different protocol
Migrate
✔️
Migrate your position from an EOA/smart wallet to a new or existing Safe smart wallet
✔️
Migrate your position from your current wallet to a proprietary Summer.Fi smart wallet
✔️
Unwind/close your entire borrow position in one transaction by using collateral from your position
✔️
Unwind/close your entire borrow position in one transaction by using collateral from your position
Automation options:
Automation
DeFi Saver
Feature Description
Summer.fi
Feature Description
Automated Leverage Management
✔️
Maintain a specific Safety Ratio for your borrow position by automatically Repaying or Boosting when the trigger Safety Ratio is reached
❌
Can technically be set up by having separate Auto-Sell and Auto-Buy automations, but does not exist as a single (unified) automation strategy
Take Profit
✔️
Close your position once your collateral's value reaches the target price.
✔️
Close your position once your collateral's value reaches the target price or your position drops to the target LTV
Stop Loss
✔️
Close your position once your collateral's value falls to the target price.
✔️
Close your position once your collateral's value drops the target price or your position increases to the target LTV
Boost on Target Price / Auto-Buy
✔️
Increase leverage (auto-Boost) when the market price of your collateral meets your threshold.
✔️
Increase leverage when the market price of your collateral meets your threshold, or your LTV drops to the specified threshold.
Repay on Target Price / Auto-Sell
✔️
Decrease leverage (auto-Repay) when the market price of your collateral falls to your threshold.
✔️
Decrease leverage when the market price of your collateral falls to your threshold, or your LTV reaches the specified threshold.
Collateral Switch
✔️
Automatically switch your collateral asset to the desired asset once its price meets the set threshold.
❌
Trailing Stop Loss
❌
✔️
Automatically adjusts upward as the asset price rises, locking in gains, and stays fixed when the price falls, triggering a sell only if the market drops by the preset distance.
Auto Take Profit
❌
✔️
Automatically take profits in small predefined steps when the market price or your LTV reaches your chosen thresholds, without fully closing the position.
✔️
Automation tools that are unique to how a certain protocol functions - For example, "Stability Pool Liquidation Protection" on Liquity V2.
❌
Protocol dashboard options:
Feature
DeFi Saver
Feature Description
Summer.fi
Feature Description
Staking
✔️
If a protocol supports a Staking option, you'll be able to access it via DeFi Saver and deposit funds into the vault/staking strategy
❌
History
✔️
View a history of all actions associated with your borrow position.
✔️
View a history of all actions associated with your borrow position.
In the four tabs above, we've compared features related to what's available on the position management/protocol pages. Below, we'll also compare features outside of the position management dashboard(s):
Feature
DeFi Saver
Feature Description
Summer.fi
Feature Description
Portfolio
✔️
Overview of all your currently open borrow positions, as well as your token holdings.
✔️
Overview of all your currently open borrow positions, as well as your token holdings.
✔️
The Discover page lets you explore borrow/leveraging/yield opportunities by setting up various filters that will provide you with relevant options.
✔️
While there is no dedicated Discover page - Summer.Fi's UI for opening a borrow/earn/multiply position offers users a similar experience as the Discover page (setting up filters to get pre-defined positions)
✔️
This page shows currently popular DeFi strategies and opportunties - letting you execute them in one transaction.
❌
Smart Savings / Earn
✔️
A dashboard where you can deposit funds into popular DeFi vaults and track your portfolio.
✔️
By choosing "LP Only" on the "Earn" tab, you can deposit funds into popular DeFi vaults.
Exchange / Swap
✔️
This tool utilizes DeFi Saver's DEX meta-aggregation, where 6 DEX aggregators are used to ensure you get the best swap routes.
✔️
This tool utilizes Li.Fi as the DEX aggregator to allow users to swap their assets on Summer.Fi
✔️
Create complex DeFi strategies using a drag-and-drop system, all while executing them in one transaction. Also provides you with pre-defined recipes.
❌
Loan Shifter / Position Swap
✔️
Move your entire borrow position to a different protocol. Also allows you to change your collateral or debt asset.
✔️
Move your entire borrow position to a different protocol. Also allows you to choose a pre-defined borrow position that would change your collateral/borrow asset(s)
✔️
Utilizes Li.Fi to offer users the option to bridge their assets.
✔️
Utilizes Li.Fi to offer users the option to bridge their assets.
✔️
Lets users test out DeFi Saver's suite of tools, with the option of topping up any of our supported tokens.
❌
✔️
DeFi Saver's custom system for submitting a transaction that offers MEV protection and zero costs on failed transactions.
❌
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