LogoLogo
Summer.fiContact us
  • Summer.fi
    • Overview
    • Basic Concepts
    • Audits
  • Lazy Summer Protocol
    • Lazy Summer Protocol
      • ARKs
        • Buffer ARK
        • RAFT
          • Dutch Auctions
      • Fees
      • Contracts Addresses
    • Rebalancer
    • Governance
      • Cross-Chain Governance
      • Rewards
      • Tip Streams
      • $SUMR Token
        • Delegation
        • Voting Power Decay
  • Summer.fi pro
    • General
      • Smart Contracts and Documentation
      • Costs and Fees
      • Address Compliance Check
      • Security
      • Referrals Program
        • FAQ
        • How to refer a friend
    • Products
      • Borrow
        • Frequently Asked Questions
      • Multiply
        • The difference between Borrow and Multiply Vaults
        • Frequently Asked Questions
      • Swap and Bridge
      • Earn
        • Aave v2 stETH
        • Aave v3 stETH
        • Dai Savings Rate (DSR)
          • sDAI
          • What is sDAI Conversion?
      • $RAYS
        • FAQ
    • Automation
      • Stop-Loss
        • How to setup your Stop-Loss
        • Trailing Stop-Loss
      • Auto-Buy
      • Auto-Sell
      • Take Profit
        • Auto Take Profit
          • How to setup Auto Take Profit
  • LEGAL
    • UK Disclaimer
    • Risks of using our products
  • Get in touch
    • Contact Us
Powered by GitBook
LogoLogo

Products

  • Borrow
  • Multiply
  • Earn

About

  • Team
  • Security
  • Terms
  • Privacy

Resources

  • Blog
  • Bug Bounty
  • Brand Assets

Oazo Apps 2023

On this page
  • Protocols Available for Borrow
  • Tutorials and Guides

Was this helpful?

Export as PDF
  1. Summer.fi pro
  2. Products

Borrow

Learn more about Summer.fi Borrow

PreviousProductsNextFrequently Asked Questions

Was this helpful?

Summer.fi Borrow is the main entry point for users to lend their funds and borrow others.

With an intuitive and world-class UX that’s constantly evolving to suit users needs, the process to borrow is seamless.

Benefits:

  • Extra liquidity: Users gain access to extra liquidity if they choose to borrow DAI; and since Dai is a stablecoin, this liquidity can be used for trading, spending, or saving; all use cases are available.

  • Multiple collaterals: Different collateral types, rates and ratios are suitable for multiple risk profiles.

  • Flexible repayment schedules: There are no repayment schedules, no minimum payments, and no credit history requirements. Users can repay at their own pace as long as their Vault is properly collateralized

Risks:

Users need to be properly collateralized to avoid liquidations. Liquidations are the forceful sale of collateral to cover the borrowed funds and carry a penalty. You can learn more about liquidations and how to assess your Vault risk by following the links.

Summer.fi UX and UI provide you with all the needed info and tools to feel safe when you open and manage a Vault..

Protocols Available for Borrow

Tutorials and Guides

Try it now