Summer.fi Expands Yield Opportunities Integrating Block Analitica and B.Protocol Metamorpho Vaults
London, United Kingdom, April 25th, 2024, Chainwire
Summer.fi, the leading decentralized finance platform, has announced the integration of new Metamorpho Vaults, curated jointly by Block Analitica and B.Protocol, which provide users with new opportunities to earn yield on their cryptocurrency holdings.
Block Analitca and B.Protocol are Morpho markets for lending. They provide a yield on ETH, allowing users to deposit stablecoins like USDC and USDT, as well as ETH, to earn yield and rewards in $MORPHO tokens.
Metamorpho Vaults target top-tier crypto collaterals such as wrapped stETH, ETH, and wrapped BTC, aiming to provide a lower-risk yield earning experience compared to other DeFi lending protocols, such as Compound and Aave.
Metamorpho Vaults aims to offer users to potentially earn yields without taking on excessive risk. Depositors may earn yields by lending their stablecoin holdings, as well as gain returns on their Ethereum (ETH) deposits.
The integration allows for seamless management of user funds through Summer.fi’s Smart Accounts. While support for these vaults is also offered on the Morpho app, only on Summer.fi can users view their earnings-to-date and 30-days yield average.
The vaults adhere to the ERC-4626 standard, providing users with a standardized, yield-bearing token in exchange for their stablecoin deposits. This allows for a streamlined and interoperable yield-earning experience.
The integration of Block Analitica and B. Protocol Metamorpho Vaults on Summer.fi marks another milestone in the platform’s ongoing efforts to expand its ecosystem and further empower users to grow their digital asset holdings.
About Summer.fi
Summer.fi is a platform for decentralized finance. It can be used to borrow stablecoins against users’ favorite cryptocurrencies, increase exposure against them using Multiply, or Earn a competitive yield. This can be done across multiple protocols and Layers — all in one place. Summer.fi’s mission is to provide the most trusted entry point to deploy capital into DeFi. The team is made of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns.
About Block Analitica
Block Analitica is a dedicated risk management firm providing extensive, data-driven risk assessment, monitoring, and mitigation services tailored to the unique challenges of the decentralized finance (DeFi) ecosystem. Its expertise empowers stakeholders to navigate the DeFi landscape with confidence, ensuring stability, security, and growth for their protocols and businesses.
About B. Protocol
B.Protocol has been building open-source protocols and infrastructure for risk mitigation and assessment for the DeFi ecosystem since 2020. Through our research arm, RiskDAO, and its novel risk framework, we have supported over a dozen DeFi protocols with risk analysis, research, audits, and monitoring. Our Risk Oracle, together with the SmartLTV formula, and the Risk Level Index automate the process of setting risk parameters for lending platforms in a transparent way, building the next generation of DeFi risk management infrastructure.
