Adding native support for Safe, smart accounts and multisigs, DeFi Saver significantly enhances the DeFi customers’ Ethereum ecosystem experience.
To improve the DeFi user experience, DeFi Saver, one of the top apps for creating, monitoring, and maintaining DeFi positions on Ethereum, has revealed that they have integrated Safe, the leader in account abstraction. This follows the news that Safe has reached a significant milestone: over 40 million transactions have been made on the Safe infrastructure, securing over $100 billion in digital assets on Safe smart accounts.
Thanks to the update, DeFi users of protocols like Aave, Compound, Morpho Blue, Spark, CurveUSD, and Liquity will be able to employ choices that combine several actions into a single transaction, utilizing the strength of Safe smart accounts to manage their positions more effectively. This covers functions like leverage up or unwinding in a single transaction, swapping debt and collateral, transferring entire open positions between different protocols, and a host of automation features, as well as more basic tasks like borrowing money and depositing collateral in a single transaction. Because of all of this, traders and users of DeFi are deprived of needless processes.
In addition to enabling all the sophisticated functionalities that come with using a smart account, this upgrade gives DeFi customers the ability to significantly boost their security by utilizing Safe multisigs, the industry standard for asset ownership protection. All existing and future customers can benefit from native multisig functionality at DeFi Saver as we advance as of right now.
The users’ enjoyment of portability and composability is another crucial factor for both teams. All DeFi Saver users will be able to check and manage their positions through other apps because Safe is widely supported in DeFi apps and frontends. Conversely, all current Safe users can now easily link to the DeFi Saver app and utilize the abundance of features that are offered.
“We believe that composability and portability are some of the greatest, most important aspects of DeFi and 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.” said Nenad Palinkasevic, the co-founder of DeFi Saver.
Lukas Schor, co-founder at Safe, commented, “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.”
The teams also noted that going forward, this modification will enable significant enhancements to the DeFi user experience, including the ability to batch multiple actions into a single transaction and the addition of features like sign-only modes, which would handle all transactions in the background for users, making the experience quicker and more seamless.
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