Summer.fi

Summer.fi (formerly Oasis App) is a decentralized Ethereum blockchain app for borrowing. Summer.fi presents an interface for Maker Protocol management, thanks to which it allows to create non-castodial vaults. The app can work with more than 30 cryptocurrencies. The project began its existence in 2019.

To work with Summer, the user needs to connect a Web3 wallet, with the Ethereum network connected. Summer.fi contains two products - a borrowing option and DAI storage. The Dai Wallet gives access to the DAI savings rate, as well as the ability to purchase the token with a debit or credit card. In addition to buying DAI, users can purchase and store other cryptocurrencies such as WBTC, ETH and others. Data from ​project cryptodefix. By holding tokens, users earn additional income.

The Summer Borrow feature allows users to create a DAI by locking in their preferred asset as collateral. More than 30 tokens are available for users to use. Summer Borrow allows you to open a Maker Vault, contribute assets for lending and DAI generation. Summer also has a Multiply feature that allows you to reduce the amount of risk on the collateral asset by adding additional assets.

Summer.fi specifics

• Vault for assets and passive income
• Lending
• DAI Wallet
• Multiply
• Support for 32 assets