Aave Pro adds loan swaps across three V4 markets
Aave says borrowers can change the borrowed asset without closing their position, using CoW Swap.
Aave announced loan swaps for its V4 markets on Ethereum, Base and Avalanche through Aave Pro. The November 12 post says borrowers can exchange a loan from one asset into another without closing the position, with CoW Swap providing the swap functionality.
The practical distinction is between changing debt exposure and rebuilding an entire collateralized position. A borrower may want a different liability while retaining the existing position. The announcement identifies the supported markets and interface; it does not establish availability for every older Aave deployment.
For treasury teams, this adds a management option rather than eliminating borrowing risk. Before changing denomination, compare the resulting debt, borrowing conditions and execution quote. A more convenient workflow does not by itself improve collateral coverage or guarantee that switching assets will reduce costs.