📢The long-awaited Automated Collateral Switch for @Aave v3 is here!
Users can now set up Automation to instantly switch from your initial collateral asset to another the moment your chosen trigger is met.
More details below👇
What you need to know:
-It’s now live for Aave v3 smart wallet users across Mainnet, Arbitrum, Optimism, and Base.
-You can find Automated Collateral Switch under the Automate section of your Aave dashboard.
-You can configure price triggers to swap your collateral partially or fully, and you can set up multiple Automations at once.
Some examples:
-Swap 5 ETH (or all available ETH) to USDC once ETH hits $2,400.
-Swap 1000 USDC to ETH once ETH hits $4000, $4100, $4200, or $4300.
A few limits to keep in mind:
When selecting “from” and “to” assets, at least one must be among the supported stablecoins: USDT, USDC, USDE, RLUSD, PYUSD, GHO, DAI, USDTB, USDS, and EURC.
Minimum amount to switch: $1000 for Mainnet, $10 for L2s;
Maximum amount to switch: $500k for all supported chains.
1.31K
9
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.