Lending Action | Aave V2 & V3

Execute lending routines on Aave with Console

In this guide, we'll walk you through the process of executing lending routines within Console. Lending routines allow you to efficiently manage your collateral, borrowing, and position adjustments.

Let's dive in!

Getting Started

  • Access the account from which you wish to initiate the lending routine.

  • From the left menu, select "Lending" option to proceed. You may select from Aave V2 or V3

Setting Lending Parameters

After clicking the lending tab, you'll find the following options:

a. Supply Collateral

Choose the tokens you wish to supply as collateral.

Specify the desired allocation of assets.

Review position data, including expected Annual Percentage Yield (APY), supplied and borrowed amounts, and borrow power.

b. Borrow Assets

  • Select the tokens you intend to borrow.

  • Assess borrowing scenarios to determine optimal health factor.

  • Enable E-mode from Aave for higher Loan-to-Value (LTV) borrowing options if available.

Note: You can plan token swaps for future assets by specifying the desired tokens and quantities, then utilize automatic routing through aggregators for seamless execution.

Execute Your Transaction

  • Add all planned actions to a single batch transaction.

  • Simulate and review transaction details in the transaction builder and sign and execute the entire routine in one transaction.

Managing Your Position

Once the landing routine is executed, you can:

  • View your updated position details, including supplied and borrowed amounts.

  • Monitor health factor changes over time.

  • Withdraw collateral or repay borrowed assets as needed.

Stay tuned for upcoming updates on lending action across chains, including enhanced fund management options and automated lending routines for efficient position management.

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