When optimizing for GPU memory, we can use the standard diffusers CPU offloading APIs.  
Either the model based CPU offloading,  
```py
pipe = DiffusionPipeline.from_pretrained("DeepFloyd/IF-I-XL-v1.0", variant="fp16", torch_dtype=torch.float16)
pipe.enable_model_cpu_offload()
```  
or the more aggressive layer based CPU offloading.  
```py
pipe = DiffusionPipeline.from_pretrained("DeepFloyd/IF-I-XL-v1.0", variant="fp16", torch_dtype=torch.float16)
pipe.enable_sequential_cpu_offload()
```