Introducing ETH Saver: A New App for Leveraged Staking on Ethereum
DeFi Saver, a well-known Ethereum DeFi management app, has launched a new non-custodial app called ETH Saver, which focuses on leveraged staking. This new application provides users with simplified access to various leveraged staking strategies using liquid staking tokens and lending protocols.
ETH Saver is designed as a comprehensive dashboard for maximizing ETH staking yield. It offers one-click tools for creating, managing, closing, shifting, and tracking leveraged staking positions. The app is built on the same audited architecture as DeFi Saver and provides a streamlined user interface.
“Our goal was to create a go-to leveraged ETH staking dashboard oriented on simplicity and transparency while keeping the users in full control over their assets, with all features one would expect from a DeFi power tool like DeFi Saver.” – Nikola Vukovic, lead frontend developer at DeFi Saver and ETH Saver project lead
Leveraged ETH staking has gained popularity due to the significant difference between ETH borrow rates on DeFi money markets and ETH staking APY. With ETH Saver, users can aggregate and compare historical on-chain data analytics to make informed decisions about the lending protocol, liquid staking token, and desired leverage. The app also provides information about position details such as profit and loss tracking, liquidation risk data, and historical performance.
ETH Saver follows a per-user risk management approach, allowing users to maintain full control over their funds without asset pooling. Despite this isolated risk management, the app offers convenient one-click tools for managing leveraged staking positions. Existing users of supported leveraged staking positions through DeFi Saver can easily migrate their positions to ETH Saver with just one click.
In the future, ETH Saver plans to expand its support by adding new underlying lending protocols and introducing automated features like leverage management and stop-loss/take-profit strategies. The team also aims to include information on discounts for all supported liquid staking tokens. Additionally, an ETH Saver version for Layer 2 solutions is expected to be released in the coming months, offering simplified access to boosted ETH staking yield with lower transaction costs.
Hot Take: The Benefits of ETH Saver for Leveraged Staking on Ethereum
ETH Saver is a game-changer for leveraged staking on Ethereum. With its user-friendly interface and comprehensive features, it provides users with a powerful tool to maximize their ETH staking yield. By offering simplified access to various leveraged staking strategies and integrating multiple lending protocols and liquid staking tokens, ETH Saver empowers users to make informed decisions and manage their positions effectively.
The app’s focus on transparency and user control ensures that users can trust the platform with their assets while enjoying the convenience of one-click tools. With plans for further expansion and support for Layer 2 solutions, ETH Saver is poised to become the go-to solution for anyone looking to leverage their ETH staking positions on Ethereum.
For more information about ETH Saver, visit www.ethsaver.com.
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