DeFi Saver integrates Safe to bring account abstraction to DeFi

Delaware,
USA,
March
28th,
2024,
Chainwire

In
a
move
to
greatly
improve
the
user
experience
of
DeFi
users
in
the
Ethereum
ecosystem,
DeFi
Saver
integrated
native
support
for
Safe
smart
accounts
and
multisigs.

DeFi
Saver,
one
of
the
leading
apps
for
creating,
tracking,
and
managing
DeFi
positions
on
Ethereum
just
announced
they’ve
integrated
account
abstraction
leader

Safe,
to
take
the
experience
of
DeFi
users
to
the
next
level.
This
comes
on
the
back
of
Safe’s
recently
announced
milestone
of
more
than
$100
billion
in
digital
assets
secured
on
Safe
smart
accounts,
with
more
than
40
million
transactions
conducted
on
Safe
infrastructure.

The
update
means
that
DeFi
users
of
protocols
such
as
Aave,
Compound,
Morpho
Blue,
Spark,
CurveUSD
and
Liquity
will
be
able
to
manage
their
positions
more
efficiently,
through
use
of
options
that
bundle
or
batch
multiple
actions
into
one
single
transaction
using
the
power
of
the
Safe
smart
accounts.
This
includes
features
such
as
leveraging
up
or
unwinding
in
one
transaction,
doing
collateral
and
debt
swaps,
moving
whole
active
positions
between
different
protocols,
various
automation
features,
but
also
even
simpler
things
such
as
depositing
collateral
and
borrowing
funds
in
one,
single
transaction.
All
of
this
results
in
unnecessary
steps
being
abstracted
away
from
DeFi
users
and
traders.

Besides
all
the
advanced
features
that
are
made
possible
through
use
of
a
smart
account,
this
update
also
allows
DeFi
users
to
greatly
increase
their
security
through
the
use
of
Safe
multisigs,
which
are
the
security
standard
for
asset
ownership.
Starting
today,
all
current
and
new
users
can
enjoy
native
multisig
support
at
DeFi
Saver
moving
forward.

Another
important
aspect
for
both
teams
is
the
composability
and
portability
that
users
will
enjoy.
Since
Safe
is
widely
supported
in
DeFi
apps
and
frontends,
this
means
that
all
DeFi
Saver
users
will
be
able
to
check
and
manage
their
positions
through
other
apps.
And,
vice
versa,
all
existing
Safe
users
can
now
seamlessly
connect
to
the
DeFi
Saver
app
and
make
use
of
the
plethora
of
tools
available.

“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.”  

Moving
forward,
the
teams
also
highlighted
that
this
change
will
allow
great
improvements
to
the
user
experience
in
DeFi
through
continued
batching
of
multiple
actions
into
single
transactions,
but
also
through
features
such
as
sign-only
modes
where
all
transactions
would
be
handled
for
the
users
in
the
background,
providing
a
quicker
and
smoother
experience.

About
DeFi
Saver

DeFi
Saver
is
a
management
application
for
decentralized
finance
protocols
best
known
for
their
advanced
leverage
management
features
and
automated
liquidation
protection
options.
Having
initially
started
as
a
MakerDAO-focused
dapp
in
the
early
days
of
DeFi,
they
quickly
expanded
support
to
more
protocols,
as
well
as
multiple
L2
networks.
Today,
DeFi
Saver
lets
you
utilize
protocols
such
as
Aave,
Compound,
Morpho
Blue,
Spark,
CurveUSD
and
Liquity,
across
Ethereum
mainnet,
Arbitrum,
Optimism
and
Base.

Website,

Twitter,

Discord,

Blog,

GitHub,

Docs

About
Safe

Safe
(previously
Gnosis
Safe)
is
an
onchain
asset
custody
protocol,
securing
~$100+
Billion
in
assets
today.
It
is
establishing
a
universal
‘smart
account’
standard
for
secure
custody
of
digital
assets,
data,
and
identity.
With
Safe{Wallet},
its
flagship
web
and
mobile
wallet,
and
Safe{Core}
account
abstraction
infrastructure,
Safe
is
on
a
mission
to
unlock
digital
ownership
for
everyone
in
web3,
including
DAOs,
enterprises,
retail,
and
institutional
users. 

Website,

Twitter,

Discord,

Blog,

GitHub,

Docs

Contact

Filip
Josipovic
Defi
Saver
Inc.
[email protected]