Summer.fi’s Automation Becomes Multi-Network
Summer.fi, a leading decentralized finance platform, is excited to announce the launch of a groundbreaking new feature Aave version three ‘Auto Buy and Sell.’
Auto Buy and Sell radically improves position management on the platform and is available on all supported networks, including Mainnet, Optimism, Base and Arbitrum.
Summer.fi has also introduced ‘Stop Loss’ functionality to all layer two networks.
This feature allows traders to limit potential losses on token positions and take advantage of upward market trends.
Democratizing lending via automation on layer two
The introduction of Aave version three Auto Buy and Sell marks the debut of automation on layer two, providing users with unprecedented control over their positions.
While keeping it non-custodial, this move makes position management affordable to all users, democratizing accessibility of lending positions.
Users can effortlessly capitalize on market uptrends and downtrends without manual intervention and easily execute risk mitigation strategies.
‘Auto-sell’ derisks in case of a price drop while ‘auto-buy’ enables users to capitalize on price increases.
Using both simultaneously maintains a constant multiple, enabling optimal performance during market trends.
Fully immutable and non-custodial solution
While similar functionality is available elsewhere, Aave version three Auto Buy and Sell is uniquely delivered within a fully immutable and non-custodial solution, providing users with transparent, secure and trustless automation.
Aave version three Auto Buy and Sell utilizes on-chain automation triggers, continuously monitored eligibility.
When triggers activate, the platform leverages 1inch Network for swaps and Balancer for flash loans, seamlessly executing the desired operations on users’ positions.
Summer.fi remains committed to advancing DeFi accessibility and user empowerment with innovative features that enable greater flexibility, efficiency and ever greater control over funds.
About Summer.fi
Summer.fi is a platform for decentralized finance. It can be used to borrow stablecoins against users’ favorite cryptocurrencies, increase exposure against them using ‘multiply’ or earn a competitive yield.
This can be done across multiple protocols and layers all in one place.
Summer.fi’s mission is to provide the most trusted entry point to deploy capital into DeFi.
The team is made of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns.
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