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.
If you have any further questions, please don't hesitate to contact us via the Chatbot just at the bottom right of your screen! 💬 The Waltio team