DeFi Saver

What is DeFi Saver

DeFi Saver is a comprehensive management application for decentralized finance (DeFi). Its main purpose is to provide a single dashboard where users can interact with various DeFi protocols to manage their crypto assets and lending positions. The platform is non-custodial, which means users always keep full control over their funds. DeFi Saver offers advanced features that go beyond simple tracking, including automated strategies to protect positions from liquidation and tools to optimize leverage. The tool was developed by the Decenter team, which has been active in the Ethereum space since 2017, focusing on creating user-friendly and powerful applications for the DeFi ecosystem.

DeFi Saver Features

DeFi Saver provides a suite of powerful tools designed for both new and experienced DeFi users.

• Leverage Management: Easily increase or decrease leverage on your positions in a single transaction using the signature Boost and Repay features.
• Lending & Borrowing: Access integrated lending protocols like Aave and Compound to earn interest on deposits or borrow assets by using your crypto as collateral.
• Advanced Decentralized Exchange: Swap tokens using liquidity from multiple sources to get the best rates. The platform also supports advanced order types like limit orders and dollar-cost averaging (DCA) strategies.
• Loan Shifter: A unique tool that allows you to move your entire lending position, including collateral and debt, from one protocol to another in a single transaction. You can also use it to swap the type of collateral or debt within an existing position.
• Automation: Set up automated rules to manage your positions. This includes Stop Loss to prevent liquidation, Take Profit to secure gains, and automated leverage management to maintain a desired collateral ratio.
• Custom Transaction Builder: For advanced users, this feature allows combining multiple actions across different protocols into a single, complex transaction. This can include flash loans, token swaps, and other interactions.
• Simulation Mode: A risk-free environment where you can test all of DeFi Saver's features and strategies using test funds without connecting your real wallet.
• TxSaver: This feature helps make transactions smoother and safer. It provides protection from MEV (Maximal Extractable Value), removes the need to hold ETH for gas fees on certain networks, and has no additional service fees.

DeFi Saver Pricing Plans

DeFi Saver does not operate on a traditional subscription-based pricing model. The platform is free to access and use for portfolio tracking and management. Costs are incurred through standard blockchain network fees (gas fees) for executing transactions. Some specific advanced features, such as automated strategies, may include a small service fee, which is clearly stated before a user confirms the transaction. This usage-based model means users only pay for the specific advanced actions they perform, without any recurring monthly or annual fees.

DeFi Saver Free Plan

DeFi Saver is fundamentally a free platform. There is no paid plan or subscription required to use its core functionalities. Users can connect their wallets, view their entire DeFi portfolio, and use features like the token swap and manual position adjustments without charge from DeFi Saver itself. The only costs are the blockchain transaction fees. The Simulation Mode is also completely free, providing a valuable resource for learning and strategy testing without any financial commitment.

How to use DeFi Saver

Getting started with DeFi Saver is a straightforward process.

1. Connect Your Wallet: Go to the DeFi Saver website and click the 'Connect Wallet' button. Choose from a list of supported wallets, such as MetaMask, Ledger, Trezor, or any wallet compatible with WalletConnect.
2. View Your Dashboard: Once connected, the dashboard will automatically display all your existing positions in the supported DeFi protocols. You can see your net worth, collateral, debt, and collateralization ratios in one place.
3. Choose a Feature: Decide what you want to do. You can create a new leveraged position, swap tokens, or manage an existing loan. For example, to protect a position, you can select it and go to the 'Automate' tab.
4. Configure and Execute: Set the parameters for your chosen action. If setting up automation, you would define the trigger points for a Boost or Repay. The interface will show a summary of the transaction before you confirm.
5. Sign the Transaction: Sign the transaction in your wallet to execute it on the blockchain. The platform will track its progress until it is confirmed.

New users are encouraged to start with the Simulation Mode to become familiar with all the features before using real funds.

Pros and Cons of DeFi Saver

Pros:

• All-in-One Dashboard: Manages multiple DeFi protocols from a single, user-friendly interface.
• Advanced Automation: Powerful tools to protect against liquidation and automate leverage management, helping users sleep better at night.
• Non-Custodial Security: Users always retain full control of their private keys and assets.
• Innovative Tools: Features like the Loan Shifter and Recipe Creator are unique and save users time and transaction fees.
• Risk-Free Simulation: The simulation mode is excellent for learning and testing strategies without financial risk.
• Gas Fee Efficiency: Features like TxSaver and the transaction builder can help optimize gas costs.

Cons:

• Complexity for Beginners: The range of advanced features can be overwhelming for users completely new to DeFi.
• Limited Chain Support: While it supports major networks like Ethereum, Arbitrum, and Optimism, it does not cover the entire crypto ecosystem.
• Dependent on Underlying Protocols: The security and operation of DeFi Saver are linked to the stability and security of the protocols it integrates with.

DeFi Saver integrations

DeFi Saver integrates with key components of the decentralized finance ecosystem rather than traditional SaaS applications. These integrations allow it to function as a central management hub.

• DeFi Protocols: It connects to top-tier lending, borrowing, and staking protocols, including Aave (v2 & v3), Spark Protocol, Morpho, Compound (v2 & v3), Curve, and Liquity.
• Wallets: Users can connect a wide variety of non-custodial wallets, such as MetaMask, Ledger, Trezor, Coinbase Wallet, Trust Wallet, and others through the WalletConnect protocol.
• Networks: The platform is operational on the Ethereum mainnet as well as Layer 2 scaling solutions like Arbitrum and Optimism.
• DEXes & Aggregators: For token swaps, it sources liquidity from major decentralized exchanges and aggregators to ensure users get competitive rates.

DeFi Saver Alternatives

• Zapper: A popular DeFi dashboard that excels at portfolio tracking across a very wide range of blockchains and protocols. It is more focused on tracking and discovery than advanced position management.
• Zerion: Another strong portfolio management tool with a great mobile app and its own smart wallet. Zerion offers swapping and bridging but has less emphasis on the complex, automated leverage management found in DeFi Saver.
• Instadapp: A powerful platform for advanced DeFi users. It uses a smart contract wallet system (DeFi Smart Accounts) to enable complex strategies and is a direct competitor in terms of advanced management, though its user interface and approach are different.
• DeBank: A leading portfolio tracker that provides detailed data and analytics on wallet activities across numerous chains. It is primarily used for tracking and social features rather than active position management.

DeFi Saver API

DeFi Saver provides extensive developer documentation for its smart contracts, which act as its API. Instead of a traditional REST API, developers can directly integrate DeFi Saver's functionalities into their own applications by interacting with its on-chain smart contracts. This allows for building custom solutions that leverage DeFi Saver's automation, loan shifting, and leverage management capabilities.

The developer documentation provides contract addresses, ABIs, and guides on how to call specific functions. You can find all the necessary information on the official DeFi Saver documentation website. There is no API key required, as interactions are permissionless and occur directly on the blockchain.

DeFi Saver Affiliate program

DeFi Saver does not currently offer a public affiliate or referral program. This is common for decentralized applications where user acquisition is more organic. However, individuals or organizations with a significant audience in the DeFi space who are interested in a partnership can reach out to the DeFi Saver team directly. Contacting them through their official Discord or Twitter channels is typically the best way to inquire about potential collaboration or influencer opportunities.