Overview
Summerstone’s rate management solution is designed specifically for users who value:
- Self-custody: Retain full control of your funds at all times.
- Efficiency: Automated adjustments eliminate manual work, reducing stress and costs.
- Transparency: All actions and parameters are fully verifiable directly onchain.
Security and Transparency
All management parameters are locked and verifiable directly onchain, providing absolute transparency and security:
- Fixed Management Fee: A maximum fee of 0.3% annually.
- Adjustment Frequency: Normal adjustments no more frequently than once per week.
- Immutable Guarantees: Parameters enforced by smart contracts.
How the Automated Adjustment Process Works
The following diagram illustrates how Summerstone’s automated interest rate management interacts with loans and the Liquity-V2-based protocols:
Explanation of the Diagram:
- Delegation: You delegate authority to adjust your loan’s interest rate (no fund custody involved).
- Monitoring: Our algorithm constantly evaluates market conditions, including debt positions, redemption risks, and gas conditions.
- Adjustment Calculation: The solver computes the optimal interest rate adjustments based on your preset risk strategy.
- Execution: Adjustments are securely executed directly on the Liquity V2 protocol, reflected transparently onchain.
Getting Started:
- Open your loan settings in a supported frontend of your chosen protocol.
- Delegate interest rate management to our verified address. Check our supported protocols.
- Confirm the transaction - your loans are now fully automated.
