Fee Comparison
Fees on DeFi Saver and Summer.fi differ in amount and how they're applied - so let's have a look and do a direct comparison. First, a breakdown of Summer.fi's fees:
Multiply
0.2%
Automation
0.2%
Borrow
0.2%
Earn
~0.2% of net value yearly
Fees on DeFi Saver are only applied to advanced transactions that include a swap - where the fee amount depends on the assets being swapped. These fees are per-transaction, so there aren't any annual fees.
Additionally, this also means that there are no fees for using basic management tools you'd find on the protocol directly, or opening a regular borrow position - as this transaction does not include a swap.
As previously mentioned, DeFi Saver's fees differ depending on the assets being swapped:
0.25% fee on the swapped amount for swaps of assets that are not correlated in price (e.g. ETH --> USDC)
0.1% fee on the swapped amount for swaps of assets that are correlated in price (e.g. wstETH --> ETH)
0.01% fee on the swapped amount for swaps of stablecoins (e.g. DAI --> USDT)
Automations have a 0.05% fee on top of the above mentioned variable fee whenever they are triggered. However, simply enabling an automation is free.
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