DeFi Saver: Leading Ethereum DeFi management app expands to Arbitrum and Optimism

DeFi Saving, One of the leading apps for creating, managing and tracking DeFi positions on Ethereum today announced the long-awaited launch on two leading Tier 2 networks, arbitrum and optimism.

Live on the Ethereum mainnet since 2019, DeFi Saver has consistently expanded support for innovative DeFi asset management features and the best DeFi protocols to make complex DeFi interactions simpler and more accessible to the average user.

Expansion to Tier 2 networks brings significantly lower transaction fees and this has become a growing issue for the Ethereum DeFi ecosystem. The application is initially When network congestion on Ethereum was a thing, increasing number of users The past years have made the app inaccessible to a growing number of people. He is very eager to fix it.

We are excited to go live on two of the most popular optimist aggregation networks on Ethereum right now. and we look forward to providing our signature leverage management and automatic liquidation protection features in a much more accessible environmentNenad, co-founder of DeFi, said: protector.

With today’s release, DeFi Saver brings its app’s signature features for the Aave v3 protocol to Optimism and Arbitrum network users. Advanced control panel supported:

Aave protocol since v1 on the Ethereum mainnet. Aave fans will now be able to count on Boost and Repay features by DeFi Saver that allow to take advantage of 1-transaction assets at significantly lower fees.

this aave protocol It is a guardianship-free money market protocol where users can lend or deposit assets, borrow against collateral, and create leveraged market positions. The Aave V3 version features Aave’s most ambitious attempt to address some of the DeFi space and the protocol’s trouble spots. Better capital efficiency, better risk management, cross-chain interactions and gas optimizations in the context of L2 expansion are some of the key improvements of the new version.

The launch of DeFi Saver on these networks builds on the same modular architecture that the team rolled out to the mainnet in early 2021. Launch of the Recipe Maker. Users can expect the DeFi transaction rendering UI to appear on Layer 2 networks very soon as the number of integrated protocols grows.

Users who have not yet migrated any assets to Arbitrum or Optimism will also be pleased to find a new Bridge dashboard in the app. LI.FI, A bridge and DEX aggregation protocol empowers new bridging features, ensuring all users get the best rates during any bridging activity. The team also wants to ensure that all positions are consolidated in the coming months. although there is currently no ETA for this feature.

Automation features for DeFi in both Arbitrum and Optimism are also currently underway to provide automatic purge protection, especially for Aave v3 users. However, greatly reduced transaction fees on L2s also allow experimenting with new options; therefore, you can expect to see new automated features like limit orders or automated DCA strategies in the coming months.

Going forward, the team plans to continue expanding support on L2s as they become available on L2s as well, with more protocols including both L2 native ones and traditionally supported protocols such as MakerDAO and Compound. Users can also expect to see an L2-focused Smart Savings dashboard that provides aggregated and simplified access to yield farming options in the coming months.

As a reminder, L2 networks aim to inherit Ethereum’s security by design while providing additional throughput and much lower transaction costs. Of the two types of aggregation networks currently under development, optimistic and zero-knowledge aggregations, Arbitrum and Optimism, are currently the two leading EVM equivalents optimistic aggregation networks in terms of effectiveness and TVL.

DeFi Saving is is An all-in-one dashboard to create, manage and monitor your DeFi positions with automatic liquidation protection and leverage management options. So far, the app has saved thousands of users from liquidation and helped users manage over 100,000 transactions and over $6 billion in trade volume.

Media Contacts:

Nikola Milinkovic [email protected]

Disclaimer: This is a paid post and should not be considered news/advice.

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