I use AAVE to borrow against my assets
I use AAVE to borrow against my assetsWhether you're leveraging or just want some cash without selling your precious assets, you still need to monitor a few critical factors to protect your position.
What you need to monitor
You borrow to access liquidity without selling your assets. Your main risks are getting liquidated and borrowing costs rising unexpectedly, which can quickly erode the benefits of keeping your position open.
What Otomato watches for you
Otomato automatically detects and monitors your AAVE positions and alerts you only when something relevant happens:
Obvious alerts
These are alerts that every AAVE user should monitor, regardless of strategy.
Bad debt / security incidents
Otomato surfaces security and solvency alerts as soon as credible signals appear so you can assess whether to withdraw.
Example notifications
"AAVE reported $15M in bad debt on Ethereum mainnet. View source"
"Potential security issue affecting AAVE v3. View source"
Learn more
Learn how Otomato manages security-related alerts here.
Borrowing rate increase
When your borrowing rate increases significantly, your position becomes more expensive to maintain.
Otomato tracks borrowing rates for your debt positions and alerts you when rates rise to levels worth reassessing.
Example notifications
"USDC borrowing rate on AAVE increased from 4.2% to 9.8%."
"Your ETH borrow rate jumped from 2.1% to 5.3% in the last 6 hours."
Governance actions impacting your asset
Governance proposals can change risk parameters, collateral factors, or asset listings, directly affecting your position's safety and profitability.
Otomato monitors AAVE governance and alerts you when proposals impact assets you've deposited.
Example notifications
"AIP-297: Governance proposal to freeze CRV market on AAVE v2. LTV will be set to 0%, preventing new borrows against CRV. View proposal"
"New governance proposal: Reduce USDT collateral factor from 80% to 75%."
"AAVE governance approved freezing wBTC market."
Asset depeg
Otomato continuously monitors deposited asset prices and alerts you when meaningful deviations occur.
Example notifications
"USDC is trading at 0.985."
"GHO is trading at 1.042."
Liquidation risk
Otomato monitors your health factor continuously and alerts you as you approach dangerous levels.
Example notifications
"Your AAVE health factor is below 1.10 on Arbitrum. Pay attention!"
Asset/Protocol specific news
Otomato monitors news and announcements from the protocols and assets tied to your position, and understands the full dependency chain of those assets. If you're supplying wstETH, you'll be alerted about news-related to Aave, Lido, and Ethereum, since any of them can impact your position.
Example notifications
"BlackRock's Ethereum ETF approved for staking. View source."
"Aave launched Savings GHO (sGHO), a yield-bearing vault for GHO holders. View source."
"Lido announced a v3 upgrade for stETH. View source."
"Aave announced v4 deployment on Ethereum. View source."
Alerts for more advanced users
These alerts are valuable for users who want deeper protocol insights.
Supply/Borrow cap change
Supply and borrow caps limit how much capital can be deposited or borrowed for each asset.
Otomato alerts you when supply caps change for assets you're using or watching.
Example notifications
"AAVE increased the USDe supply cap on Ethereum by $250M."
Improvements
We're continuously looking to add support for alerts the community is asking for. If you'd like us to add a new use case, reach out on telegram.
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