📢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.