Hello 👋
On Waltio, you can label your transactions, i.e. add a label to differentiate and/or justify them.
From now on, Waltio will automatically label transactions coming from the following protocols:
AAVE V1
AAVE V2
Maker
C.R.E.A.M
Compound
Morpho AaveV2 Optimizer
Morpho CompoundV2 Optimizer
Which labels are added automatically?
Type of transaction | Waltio label | Description |
Withdrawal | Adding liquidity | This is a provisioning action for the protocol, similar to adding liquidity to a liquidity pool. |
Withdrawal | Other withdrawal | This is the repayment of your loan |
Deposit | Loan | This is the repository for your borrowed tokens |
Withdrawal | Other withdrawal | This is the withdrawal of your proof of deposit (example with AAVE: aTokens). |
Withdrawal | Liquidation | This is the forced repayment of your debt by automatically selling your proof of deposit (example with AAVE: aTokens). |
Adding liquidity: Deposits a certain quantity of an asset in the protocol, issuing the same quantity of your corresponding proof of deposit (example with AAVE: aTokens) and transferring them to your address.
Other Withdrawal:
Withdraws the quantity of the underlying asset, i.e. exchanges the underlying token and burns the proofs of deposit (example with AAVE: aTokens).
Repays the loan (the collateral)
Borrow : Borrow a certain quantity of asset with an interest rate mode, sending the quantity to your deposit address.
Liquidation: When the health factor of a position falls below 1, liquidators repay some or all of the amount borrowed in the name and on behalf of the borrower, while receiving a reduced amount of collateral in return (also known as a liquidation 'bonus').
Liquidators can choose whether they wish to receive an equivalent amount of your proof of deposit (example with AAVE: aTokens) collateral or the underlying asset directly. On successful liquidation, the health factor of the position is increased, taking the health factor above 1.
The Waltio team