Position Flip
Position Flip is a tool that works similarly to collateral and debt switch - where it's set up to flip the collateral and debt asset in your position.
With this tool, you can easily go from a long position to a short one and vice-versa.
Show me how:
Say we have a long ETH position where we leveraged at 3x and have:
29.94 ETH collateral
77,227 USDC debt
As long as ETH's price keeps going up, we're in profit.
However, if ETH's price starts falling, we're in danger of being at a loss if it disp below our entry point.
If you expect ETH's price to keep falling after a local top - you can capitalize on this and move from your original long position into a short one.
Simply visit the (in this case) Aave dashboard, and open the "Shift" tab:
Then, open "Position Flip", and then click "Open Position Flip". This will open a new pop-up window:
Everything will already be set up to flip your position - and you'll also have the option to set the slippage limit, along with a preview of what your position's metrics will look like after the flip.
When you're ready, click "Flip", sign the transaction, and you'll move from a long position to a short one in a single transaction.
Once you think ETH's price has reached its local bottom, simply re-use Position Flip to move back into a long position.
This tool is only available on Aave v3 and Spark across all available chains on DeFi Saver.
It's available for positions on both EOAs and Smart Wallets
Position Flip has the standard DeFi Saver fee associated with complex transactions including swaps.
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