The swaps are powered by CoWSwap and let users move collateral between assets without closing their position, per Aave's announcement. The feature applies to V4 markets on Ethereum, Base, and Avalanche, accessed through Aave Pro. Separately, Aave Labs and co-authors submitted a legal framework for decentralized lending protocols and non-custodial vaults to the SEC's Crypto Task Force and Division of Corporation Finance, and released a public summary of the paper.

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