Summer.fi

**Summer.fi, a decentralized finance platform, has released an update.** - The platform allows users to: 1. Borrow stablecoins against cryptocurrencies 2. Increase exposure using Multiply 3. Earn competitive yields - Key features: - Multi-protocol and multi-layer support - All-in-one solution for DeFi deployment Summer.fi aims to be the most trusted entry point for DeFi capital deployment, focusing on user experience and return maximization. *Stay tuned for more details on this update and how it might affect your DeFi strategies.*

**Ethena Labs' ENA token** is now available for looping on the Summer platform, facilitated by Morpho Labs. This development expands the options for users engaging with decentralized finance (DeFi) on Summer. Key points: - ENA token can now be used in looping strategies - Integration made possible through Morpho Labs - Enhances DeFi capabilities on the Summer platform This update provides users with more flexibility in managing their digital assets and potentially optimizing their DeFi strategies. As always, users should exercise caution and conduct thorough research before engaging in any financial activities.

Summer.fi has unveiled new features for its Sky Protocol, now accessible to all users: - **Upgrade DAI and MKR**: Users can easily convert their DAI to USDS within the Spark app. - **Earn with sUSDS**: Deposit USDS into Savings to earn a 6.5% decentralized Sky Savings Rate. - **Farm with Sky Rewards**: Participate in farming opportunities with Sky Rewards. - **Points farming**: Collaborate with Chronicle Labs for CLE points farming. To get started, visit https://summer.fi/ethereum/sky/upgrade. Note: Use of Spark is prohibited for U.S. residents, including VPN usage.

Summer.fi had a busy September with several key updates: - Released Lazy Summer protocol Litepaper, a permissionless passive earn product coming in Q1 2025 - Launched second phase of $RAYS program with new points for active users - Integrated @SkyEcosystem (formerly MakerDAO) features - One user surpassed 1M $RAYS milestone Key features: - Token upgrades and diverse earning opportunities available - Strategy insights accessible at summer.fi/rays - Community support via Discord at chat.summer.fi Stay tuned for more developments as Lazy Summer protocol approaches.

Summer.fi has introduced a new $rsETH market with improved terms: - Higher Loan-to-Value (LTV) ratio of 94% (up from 86%) - Additional benefits include: - Summer.fi $RAYS - 3x Kelp Miles - $USDC incentives from KelpDAO This new offering enhances the Earn pairs suite, providing users with more attractive options for yield generation. For more information or to ask questions, join the Summer.fi Discord community at chat.summer.fi.