I use AAVE to borrow against my assets

Whether 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!"

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.