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At a glance
- What changed
- A collateral swap feature on Aave Pro for Aave V4 positions.
- Who it affects
- Aave V4 borrowers on Ethereum, Base and Avalanche.
- When
- Announced as available at 17:57 UTC on 3 November 2026 (18:57 in Amsterdam).
What launched
Aave said on its official X account at 17:57 UTC on Tuesday 3 November 2026 (18:57 in Amsterdam) that collateral swaps are now available for Aave V4's Ethereum, Base and Avalanche markets on Aave Pro, the protocol's interface for active users.
The idea is simple: a borrower can change the asset that backs a loan without first repaying it and closing the position. Aave's short launch video puts it as "Swap collateral without repaying your loan". Aave says the swap itself is powered by CoW Swap, a decentralised exchange aggregator.
How it looks in the app
In the demonstration video, a Collateral Swap window lets the user pick the collateral to sell and the token to receive, then confirm with a Swap Collateral button. The example swaps WBTC collateral into ETH, and the token list shows supported collateral such as ETH, Coinbase WBTC, USDT and USDC. The rates and amounts in the video are a demonstration, not live market figures.
What is not stated
The post does not list every supported asset per market, any fees charged by Aave or CoW Swap, or limits on swap size. A swap still changes what backs your loan, so the health of the position after the swap depends on the new asset's collateral settings and price. Check those figures in Aave Pro before confirming.
Our take
Collateral swaps remove a clumsy step for V4 borrowers who want to move from one asset to another, which previously meant repaying, withdrawing and depositing again. It also follows Aave's steady rollout of V4 features on Base and Avalanche. To hold the tokens and stablecoins you use with DeFi apps in a self-custody wallet, Phantom is linked on this page.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Collateral swaps live on Aave Pro for Aave V4 Ethereum, Base and Avalanche marketsToday (UTC)
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