How can I swap my collateral or debt in Aave?

DeFi Saver offers Aave users the option to capitalize on better APY's on their collateral or debt by switching them directly through the Aave interface.

This is done in a single transaction, saving both time and fees:

Show me how:

The first step would be navigating to the Aave dashboard, where you'll access your borrow position.

Once there, clicking the "Tools" icon will show a dropdown menu where you'll find:

• Collateral Switch

• Debt Switch

Clicking on one of these options will open a pop-up window:

In the pop-up, you'll be able to:

• Choose which collateral asset you want to switch (if you have multiple in your position)

• Input how much of your collateral you want to switch

• Choose which collateral asset you want to switch to

• See your position's new metrics after the switch

• Set your exchange route

• Set your slippage limit

Once everything checks out, simply click "Switch", sign the transaction, and you're good to go.

Choosing the "Debt Switch" option opens a very similar pop-up, with the only difference being that you're choosing which debt asset to switch into, and how much:

These tools are part of our Loan Shifter feature, which also allows users to switch not only the collateral and debt assets, but also the entire protocol their position is located on.

From more information on the feature - Please refer to the Loan Shifter article.