Staking ETH provides a solid base yield, but what if you could amplify that without manual intervention? Summer.fi Official is a DeFi Automation Platform that allows you to do just that. This guide shows you How to use Summer.fi to create a leveraged or "multiplied" position on your staked ETH.
Core Concept: The Multiply Vault
The Summer.fi Multiply feature allows you to deposit a collateral asset (like stETH), borrow DAI against it, and use that DAI to buy more of the collateral asset—all in a single, automated transaction. This increases your exposure to the asset's staking yield.
Step 1: Connect and Choose Your Strategy
Navigate to the Summer.fi Earn page.
Connect your Web3 wallet.
Select a Summer.fi stETH Vault. You will see options for different underlying protocols like Aave or Spark. Choose one to get started.
Step 2: Open Your Multiply Position
Select Multiply: Once in the vault, ensure you are on the "Multiply" tab.
Deposit Collateral: Enter the amount of stETH (or other staked ETH variant) you wish to deposit.
Set Your Multiple: Use the slider to choose your desired leverage (e.g., 2.5x). The interface will show you the liquidation price and other risk parameters. The Summer.fi DeFi Automation handles all the underlying transactions (deposit, borrow, swap) for you.
Confirm: Execute the transaction. Your position is now active.
Your vault will now hold more stETH than you deposited, amplifying your exposure to its price and its staking yield. The platform offers features like automated stop-losses to help manage risk.
For a full breakdown of the smart contract architecture, please refer to the https://sites.google.com/koinly-tax-reports.org/summerfi.
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