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:

Feature
Fee Amount

Multiply

0.2%

Automation

0.2%

Borrow

0.2%

Earn

~0.2% of net value yearly

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On Summer.fi - when a transaction involving a swap is handling the swap of correlated assets, the positions will pay 0.2% annually.

Fees on DeFi Saverarrow-up-right 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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