DeFi Saver, one of the premier DeFi dashboards, has chosen LIFI as its bridging solution and integrated LIFI’s SDK into its dApp.

What is DeFi Saver?

DeFi Saver is best known for creating, managing, and tracking positions in lending protocols such as MakerDAO, Aave, and Compound. Moreover, DeFi Saver is a robust platform and allows users to perform and combine “actions,” aka specific contract calls, on 14 DeFi protocols, including the likes of Uniswap, Lido, Maker, Aave, dYdX, Balancer, Liquidity, Yearn, Utils, Reflexer, InstaDapp, Curve, Rari, as well as mStable. It also facilitates actions that are not protocol specific, like flash loans and token exchanges.

Here are a few examples of specific things users can do on DeFi Saver:

1. Interest-Earning → DeFi Saver hosts a “Smart Savings” dashboard that provides access to yield from mStable, Yearn, and Rari in a simple user interface.
2. Repositioning → DeFi Saver’s “Loan Shifter” program grants users the ability to move positions between different protocols or convert supplied/borrowed assets.
3. Building with Money Legos → DeFi Saver users can go to the “Recipe Creator” section of the dApp to utilize the power of flash loans and DeFi protocols in a simple to use and easy-to-understand user interface meant to demystify the complexity of high-level degen strategies into one-click strategies. For example, pre-made recipes include:

• Opening a levered stETH-ETH position
• Minting DAI and supplying it to mStable
• Swapping multiple assets in one transaction

And, most importantly:

4. Bridging — DeFi Saver now uses LI.FI as a money lego to facilitate the cross-chain transfer of assets between Ethereum, Arbitrum, and Optimism. In the future, we hope this use-case can be expanded to facilitate cross-chain transfers between other chains and, importantly, other types of assets such as NFTs, contract calls, and more.

What is the LI.FI SDK?

LI.FI is the most advanced bridge aggregation protocol on the market. Their smart contracts have been audited twice (Code4rena — March ’22, Quantstamp — April ’22), and our team consists of 20 people fully dedicated to the cross-chain space. LI.FI has aggregated 9 bridges across 15 EVM compatible chains, along with all available DEX aggregators & DEXs on those chains, into a single solution.

In a nutshell, LI.FI is like 1inch & Paraswap for bridges; they choose the best bridge to move funds from one chain to another. Furthermore, since many bridges support a limited amount of tokens, they have DEXes on both sides of the bridges to swap before and after the bridge, thus facilitating any-2-any swaps across chains.

Notably, this ability to route assets across chains in one click can be built into other DeFi protocols, such as DeFi Saver, via their software development kit (SDK). This package permits access to LI.FI API, which finds the best cross-chain routes on different bridges and exchanges.

To summarize: their SDK is the ultimate cross-chain money legos for dApps to build on top of or plug into themselves.

• They’ve integrated multiple fallback bridges + DEXs so that you don’t have to
• They maintain bridges + DEXs so that you don’t have to
• They choose the best bridges based on their research so that you don’t have to (positioning themeselves neutral)

Also, this is very important for the DeFi Saver use-case in particular, our SDK is adaptable — meaning that it can be tweaked to specifically support the protocol integrating it. For example, DeFi Saver currently supports assets on Ethereum, Optimism, and Arbitrum. Therefore, while their SDK gives DeFi Saver the ability to facilitate cross-chain transfers over 15 chains, DeFi Saver chose to only show their users routes between Ethereum, Optimism, as well as Arbitrum.

LI.FI x DeFi Saver

The LI.FI SDK has been integrated by DeFi Saver and can now be used to transport assets across Ethereum, Arbitrum, and Optimism.

They are thrilled that DeFi Saver chose LI.FI as its bridging solution. By integrating thier SDK, DeFi Saver can enable bridging between a wide variety of chains. So, as the crypto ecosystem continues to expand to more chains, will be more and more important going forward.

So, creating a seamless cross-chain user experience is key to their ethos at LI.FI and they are excited to see DeFi Saver join the LI.FI family! They are also excited to see who will integrate their SDK next.

About DeFi Saver

DeFi Saver is an advanced DeFi management system that allows users to manage and interact with a wide variety of decentralized finance protocols. The core product offered by DeFi Saver is the ability for users to create a “strategy”. Where users can create automated actions executed by bots when certain conditions are met. In DeFi Saver terminology, these actions can be broken down into “triggers,” a contract that checks to see if a condition is met, and “recipes”. Which are a series of actions bundled together and executed in one sequence.

Website | Twitter

About LI.FI

LI.FI connects to all the most important bridges to DEXes and DEXes aggregators. As a result, this solution allows complex any-2-any swaps providing both on-chain and cross-chain seamless swaps. LI.FI is the solution which ensures liquidity for swaps.

Website | Twitter

SOURCE:

https://blog.li.fi/defi-saver-integrates-li-fis-sdk-25d8cd6c4ab4

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