DeFi Saver integrates Safe to bring account abstraction to DeFi.

adminMarch 29, 2024

March 28, 2024, Delaware, USA, Chainwire

To significantly improve the user experience for DeFi users in the Ethereum ecosystem, DeFi Saver has integrated native support for secure smart accounts and multi-sig.

DeFi Saver, one of the leading apps for creating, tracking, and managing DeFi positions on Ethereum, announced that it has integrated account abstraction leader Safe to take the DeFi user experience to the next level. This follows Safe’s recently announced milestone of more than $100 billion in digital assets secured in Safe smart accounts and more than 40 million transactions conducted on Safe’s infrastructure.

This update means DeFi users on protocols such as Aave, Compound, Morpho Blue, Spark, CurveUSD and Liquity can manage their positions more efficiently with the option to bundle or batch multiple operations into one single transaction. do. Secure smart account. This includes features such as leveraging or liquidating in one trade, performing collateral and debt swaps, moving entire active positions between different protocols, various automation features, and even simpler functions such as depositing collateral and borrowing funds in one single trade. Also included. All of this results in unnecessary steps being abstracted from DeFi users and traders.

In addition to all the advanced features possible using smart accounts, this update allows DeFi users to significantly increase their security using secure multi-signature, the security standard for asset ownership. Starting today, all current and new users can enjoy native multi-signature support in DeFi Saver going forward.

Another important aspect for both teams is the configurability and portability that users can enjoy. Safe is widely supported across DeFi apps and frontends, so all DeFi Saver users can view and manage their location through other apps. The opposite is also true. All existing Safe users can now seamlessly connect to the DeFi Saver app and use the wide range of tools available.

“We believe composability and portability are some of the biggest and most important aspects of DeFi. However, this basic element is ignored by many teams looking to build small, exclusive, walled garden systems. That’s why we chose Safe and want to continue building open, permissionless building blocks.” said Nenad PalinkacevicCo-founder of DeFi Saver.

lukas Schor, “Smart accounts are critical infrastructure, and we believe mass adoption of DeFi requires not only the security of smart accounts, but also the UX benefits that are already integrated into today’s leading DeFi projects,” said Safe’s co-founder. We welcome this move by DeFi Saver to accelerate the transition to a smart account and secure ecosystem.”

Going forward, the team also emphasized that these changes will significantly improve the user experience in DeFi through features such as continuous batching of multiple operations into a single transaction and a signature-only mode where all transactions are processed for the user. Provides a faster and smoother experience.

Introducing DeFi Saver

DeFi Saver is a management application for decentralized finance protocols best known for its advanced leverage management features and automated liquidation protection options. Starting out as a MakerDAO-centric dapp in the early days of DeFi, they quickly expanded support to more protocols and multiple L2 networks. Currently, DeFi Saver allows you to leverage protocols such as Aave, Compound, Morpho Blue, Spark, CurveUSD, and Liquity across the Ethereum mainnet, Arbitrum, Optimism, and Base.

Website, TwitterDiscord, Blog, GitHub, Docs

About the safe

Safe (formerly Gnosis Safe) is an on-chain asset management protocol that currently holds approximately $100 billion in assets. ‘Establishing universality’‘Smart Account’ A standard for the secure storage of digital assets, data, and identities. Through SafeWallet, its flagship web and mobile wallet, and SafeCore account abstraction infrastructure, Safe is on a mission to bring digital ownership to everyone on the web3, including DAOs, enterprises, retail, and institutional users.

Website, TwitterDiscord, Blog, GitHub, Docs