Summer.fi

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Frequently asked questions

What can I do on Summer.fi?

On Summer.fi, you can borrow against your favorite crypto assets, multiply your exposure to any crypto asset, and earn long-term yields to compound your crypto capital. They offer borrowing options for stablecoins and other crypto assets, with automation enabled and competitive borrowing rates. You can also earn yields on assets such as DAI, with different strategies and networks available. Summer.fi provides industry-leading automation tools for managing your positions and offers automated protection against liquidation. They prioritize user control and offer a wide range of DeFi products.

How can I borrow against my crypto assets?

To borrow against your crypto assets, you can use Summer.fi (formerly Oasis.app). Summer.fi allows you to easily borrow stablecoins or other crypto-assets against your collateral. You can borrow DAI against ETH, WSTETH, or WBTC, with different borrowing rates. Additionally, Summer.fi offers the option to multiply your exposure to any crypto asset, allowing you to increase your investment. Finally, you can earn long-term yields to compound your crypto capital by utilizing Summer.fi's earning feature.

What assets can I earn long-term yields on?

You can earn long-term yields on the following assets:

• Ether (ETH)
• stETH/ETH
• rETH/ETH
• DAI stablecoin (DAI)

The average 7-day APY for these assets are as follows:

• DAI: 5.00%
• WSTETH/ETH: 6.97%
• STETH/ETH: 4.78%

Please note that there may be additional assets available for earning long-term yields, but the provided reference text does not specify them.

How can I connect my wallet to Summer.fi?

To connect your wallet to Summer.fi, you can follow these steps:

1. Visit the Summer.fi website, which was previously known as Oasis.app.
2. Look for the "Connect Wallet" button or link on the website.
3. Click on the "Connect Wallet" button.
4. A pop-up window will appear with options to connect your wallet.
5. If you have a Model T Trezor, you can connect directly to Summer.fi.
6. If you have a Trezor with Metamask, please note that EIP-1559 transactions are currently not supported. However, you can still use Metamask with Trezor for legacy transactions on the legacy.summer.fi environment.
7. Choose the appropriate option based on your wallet setup and preferences.
8. Follow the prompts to connect your wallet to Summer.fi.
9. Once connected, you should be able to access the borrowing, multiplying, and earning features on Summer.fi using your wallet.

What is the success rate of Summer.fi in the last 90 days?

The success rate of Summer.fi in the last 90 days is 100%.

Does Summer.fi provide automated protection against liquidation?

Yes, Summer.fi provides automated protection against liquidation.