Aave v4 is not a version of Aave v3
It is a different protocol with a different mental model. You no longer pick a lending market — you pick a spoke, and spokes cannot see each other.
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Adding leverage to a position you already have
Borrowing against a range puts cash in your account. Adding leverage puts the borrowed money back into the range. Two operations, one important difference.
ReadBorrowing against a liquidity position without closing it
A Uniswap range is an asset worth borrowing against. Two operations put one in a vault and lend you money, with the position left earning fees throughout.
ReadClosing a liquidity position into a long, a short, or neither
Exiting a Uniswap position normally leaves you holding two tokens and no view. Four operations let you name the position you become instead.
ReadCollecting fees you have already earned requires borrowing money
On a leveraged Uniswap position, taking the fees you are owed needs a flash loan first. Not a quirk of ours — a consequence of what collateral means.
ReadMoving a levered range means burning it first
A Uniswap range cannot be edited, only replaced. Under leverage that means clearing the debt to burn it, and re-establishing the debt on the new one.
ReadOpening a levered range is one instruction, not five
Mint the position, move it into the vault, borrow against it, put the proceeds back in. Two operations do it, and only one of them needs a flash loan.
ReadTurn a long into a short without closing it
A leveraged position's direction is a setting, not a thing you rebuild. Long, short or delta-neutral, changed inside one transaction.
ReadYour Aave collateral can become a liquidity position
Collateral sitting at Aave earns the supply rate and nothing else. Two operations move it into a leveraged Uniswap range without you ever holding it.
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