DeFi Saver Teams with Safe to Supercharge Ethereum DeFi UX with Smart Accounts and Multisigs

DeFi Saver has integrated native support for Safe smart accounts and multisigs, significantly enhancing the user experience for DeFi users in the Ethereum ecosystem. This integration enables users to manage positions more efficiently, bundle multiple actions into single transactions, and leverage security features such as Safe multisigs. DeFi Saver's integration with Safe further promotes composability and portability, allowing users to check and manage positions across multiple apps.

DeFi Saver Integrates Safe Smart Accounts and Multisigs to Enhance User Experience in Ethereum DeFi Ecosystem

Delaware, USA, March 28th, 2024 - DeFi Saver, a leading management application for decentralized finance (DeFi) protocols, has announced a strategic integration with Safe, a renowned account abstraction leader, to provide users with unparalleled convenience and security.

This groundbreaking collaboration marks a significant milestone for DeFi users within the Ethereum ecosystem, empowering them with an array of benefits to optimize their DeFi experience. Through the seamless integration of Safe's smart accounts and multisigs, DeFi Saver users gain access to innovative features that streamline position management and enhance their overall security posture.

Optimized Position Management

The integration of Safe's smart accounts enables DeFi Saver users to manage their positions with unprecedented efficiency. By leveraging the power of smart accounts, users can bundle or batch multiple actions into a single, cohesive transaction. This eliminates unnecessary steps, simplifying complex tasks such as leveraging up or unwinding positions, performing collateral and debt swaps, moving active positions between protocols, and even depositing collateral and borrowing funds in a single seamless operation.

Enhanced Security with Multisigs

Beyond the streamlined user experience, the integration with Safe also significantly bolsters security for DeFi users. Safe's multisigs represent the industry standard for asset ownership, empowering users to establish shared control over their assets. By employing multisigs, DeFi Saver users can implement robust security measures, minimizing the risks associated with single-key ownership.

Composability and Portability

The collaboration between DeFi Saver and Safe emphasizes composability and portability as fundamental pillars of DeFi. Safe's widespread support across DeFi applications and frontends allows DeFi Saver users to effortlessly check and manage their positions through various channels. Conversely, existing Safe users can seamlessly connect to the DeFi Saver app, leveraging its comprehensive suite of tools.

Nenad Palinkasevic, co-founder of DeFi Saver, remarked on the significance of composability and portability, stating, "We believe that composability and portability are some of the greatest, most important aspects of DeFi, yet this primitive is being ignored by many teams opting to build small, proprietary, walled garden systems. That's why we chose Safe and intend to keep building on the open, permissionless building blocks."

Lukas Schor, co-founder of Safe, expressed his enthusiasm for the collaboration, highlighting the critical role of smart accounts in driving DeFi adoption. "Smart Accounts are critical infrastructure, and we think that for DeFi mass adoption, we need the security of smart accounts, but also the UX benefits to already integrate within the top DeFi projects today. We welcome this move by DeFi Saver to accelerate the transition to smart accounts and Safe ecosystem."

Future Enhancements

Looking ahead, the DeFi Saver and Safe teams envision continued advancements in user experience through additional batching of actions into single transactions. Moreover, features such as sign-only modes, where transactions are processed in the background, will provide a more streamlined and efficient experience for users.

About DeFi Saver

DeFi Saver is a comprehensive management application for DeFi protocols, renowned for its advanced leverage management capabilities and automated liquidation protection options. Initially focused on MakerDAO, DeFi Saver has since expanded to support numerous protocols and multiple L2 networks. Currently, DeFi Saver enables users to interact with protocols such as Aave, Compound, Morpho Blue, Spark, CurveUSD, and Liquity on Ethereum mainnet, Arbitrum, Optimism, and Base.

About Safe

Safe, formerly known as Gnosis Safe, is a leading onchain asset custody protocol, safeguarding over $100 billion in assets. The protocol establishes a universal smart account standard, providing secure custody of digital assets, data, and identity. Through its flagship web and mobile wallet, Safe{Wallet}, and account abstraction infrastructure, Safe{Core}, Safe aims to democratize digital ownership for all web3 participants, including DAOs, enterprises, retail users, and institutions.

Contact

Filip Josipovic
Defi Saver Inc.
[email protected]

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