Financial Revolution: DeFi Saver Innovates Management Apps Industry
DeFi stands for decentralized finance, and you might have definitely heard of it, as it’s one of the trendiest words in the crypto space at the moment.
This term is referring to the platforms that have the ability to automize traditional financial services such as margin trading, insurance, borrowing, and lending, and it’s basically revolutionizing the world of finance.
The DeFi movement gains popularity
Binance said not too long ago, and the massive DeFi movement is growing at impressive speeds, but there is more to expect from this movement until it can go mainstream.
Binance Research has released a report not too long ago, which was tracking the way in which DeFi gains steam among crypto enthusiasts, and things are going great at the moment.
In the report, Binance highlighted various success stories about building decentralized systems for people in order to boost digital assets and offer them exposure to more users.
DeFi is certainly gaining more and more popularity these days.
This means that various DeFi tools are also popping up in the industry, and revolutionize it more and more.
The tool that we’ll address today is DeFi Saver – an advanced decentralized finance management dashboard with support for MakerDAO, Compound, Fulcrum, and dYdX protocols.
Connecting the DeFi dots
DeFi Saver set out initially to create a MakerDAO management and liquidation protectin app, but they decided to change course.
The team started putting various DeFi logos together in order to build one of the most complete management apps for DeFi that you can possibly find out there, and the final result is here.
On an official post on Medium, the enthusiast team writes the following about their 2019 trajectory: “During 2019 we introduced features and integrations such as our alternative Maker dashboard with Boost and Repay, an alternative Compound dashboard with direct Compound-CDP interactions, a lending-focused Smart Savings dashboard with now four different Dai lending options available.”
The team continues and highlights that “We also introduced the fan-favorite CDP Automation feature, as well as automatic CDP migration that helped many users who were stuck because of limited available liquidity and, finally, there was DeFi Explore as a browser of Maker MCD positions.”
The team of DeFi enthusiasts also integrated Kyber, Uniswap, and Oasis decentralized exchanges and added support for Ledger and Trezor hardware wallets, as well as MetaMask, Fortmatic, WalletLink, WalletConnect, and mobile wallets support. More exchanges and goodies will be coming soon.
DeFi Saver best features
The DeFi Saver is your one-top management solution for decentralized finance protocols. Here’s what you can do using the tool.
Boost and repay: With DeFi Saver, you can enhance your MakerDAO CDP leverage, and you can also reduce your DAI debt in one transaction.
Automate CDP ratio management: you can also configure automated liquidation protection or leverage increase at target ratios.
Earning conveniently: with the help of this tool, you can use the Smart Savings for fast access to the very best lending interest rates across the most popular DeFi protocols.
Interaction between Compounds and MakerDAO: you can add DAT to Compound supply straight from a CDP or repay CDP debt from Compound Supply in one transaction.
Managing your DeFi portfolio: you can do this with really advanced features that are made straightforward.
The DeFi Saver dashboard is an ongoing piece of work that aims to provide an advanced feature set compared to the default management apps that you can find out there today. And all of this is mixed with an improved user experience that you’ll definitely appreciate.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.