Today we are happy to introduce Smart Savings, a new feature available in DeFi Saver starting today that allows you to easily find the best savings APR among DeFi protocols and transfer your funds to the most optimal choice in a single click.
Smart Savings integrates Compound, dYdX and Fulcrum into a single dashboard and allows users to conveniently track and compare APRs across these protocols and transfer their funds between them in a single transaction.
In order to achieve this functionality, using a smart contract wallet is required. In our constant efforts to achieve and keep maximum possible compatibility, we opted to use the MakerDAO DSProxy instead of developing and deploying new, proprietary smart contract wallets. Effectively, this means that all CDP owners* are ready to jump in and use Smart Savings — your account’s DSProxy deployed when you were creating your CDP will be used. In case you don’t already have one, the interface will simply ask you to create one before proceeding.
Please note that because the funds you supply using Smart Savings are tied to your smart contract wallet (DSProxy), you will not be able to see them in other dashboards (e.g. in the original Compound dashboard, or the standard Compound dashboard found in DeFi Saver).
You can start using Smart Savings today at https://defisaver.com and we should note that there are no fees associated with using this feature.
As always, we would love to hear any feedback or comments you have, so please join us in the discussion below.