DeFi Saver, a popular Ethereum DeFi management app, expands to Arbitrum and Optimism
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Thursday, May 26th, 2022
DeFi Saver, one of the leading applications for creating, managing, and tracking DeFi positions on Ethereum, today announced the long-awaited launch on two leading Layer 2 networks, Arbitrum and Optimism.
Live since 2019 on the Ethereum mainnet, DeFi Saver has provided innovative DeFi asset management features and continuously expanded support for top DeFi protocols in an attempt to make complex DeFi interactions more straightforward and accessible to the average user.
Expansion to Layer 2 networks brings significantly lower transaction fees, something that’s become a growing issue for the Ethereum DeFi ecosystem. While the app initially went live at a time when network congestion on Ethereum wasn't a thing, the increasing number of users over the past years has made the app inaccessible for an increasing number of people, something the team is very eager to rectify.
"We're thrilled to go live on two of the currently most popular optimistic rollup networks on Ethereum, and we're looking forward to providing our signature leverage management and automated liquidation protection features in a much more accessible environment," said Nenad, the co-founder of DeFi Saver.
With today's release, DeFi Saver brings its application's signature features for the Aave v3 protocol to Optimism and Arbitrum network users. The advanced dashboard has supported the Aave protocol since v1 on the Ethereum mainnet. Fans of Aave will be able to rely on DeFi Saver signature Boost and Repay features, which allow for 1-transaction asset leveraging, now with substantially lower fees.
The Aave protocol is a non-custodial money market protocol
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