Creating a New form of limit orders that rely on Lending Protocols borrow position data to execute DeFi Actions such as Repaying Loan, Supplying Collateral, Swapping Asset and more.
The rate of interest is always variable on different platforms due to the way it's calculated, one could potentially arbitrage, by borrowing at a lower interest rate and depositing it another platform at higher yield.
Create an order on the platform by selection borrowing platform, specify the condtion on parameters such as collateral price, debt token price, health factor and deposit the yield bearing tokens (ERC20 or ERC-4646) tokens on the platform. Select if you want to repay or supply based on the lending platform
The yield bearing tokens would be earning till the point condition of your order is met, as soon as the solver submits the transaction, these tokens would be dissolved into the base token and used to supply or repay based on the order data.
Note: Vault are deployed for each address to hold funds till the condition for action becomes true and solver executes at a later stage.
Vault Deployer deploys a new vault for User to execute operations and hold assets.
Each address deploys it's own vault on each chain they want to create orders and deposit assets. These vaults can be interconnected using Hyperlane Mailbox to request order cancellation, funds to be transferred using CCTP V2 Hooks(Under development).
The Vault stores condition params internally, and will be connected to Vault Factory for getting latest version of handler.
The Contract maintains the registry of all the vaults and helps solver to index operations such as Order Creation, Asset Deposit, Order cancellation and Order Cancellation as well as maintain Cross-chain data for handler smart contract.
Handler is an upgradble smart contract which stores logic for evaluating conditions on Protocols such as Aave, Chainlink and Morpho. These conditions include
- Chainlink Price Feeds for assets
- Aave (Overall Portfolio, Collateral Information as per collateral token, Debt Information for each debt token, Supply Asset and Repay Integration Logic)
- Morpho(Borrow parameters for position, V1.1 Earn vaults Integration)
- Aerodrome (Integrated Router for executing Swaps )
Note: In order to add more protocols such as Euler and chain based lending platforms, new version of Handler can be deployed and integrated into existing Vaults without any hassel to the users.
- Chainlink (Arbitrum and Base )
- Aave (Arbitrum and Base)
- Hyperlane (Arbitrum and Base)
- Morpho Borrow Positions (Base)
- Morpho Vaults (V1.1 on Base for deposit and holding ERC-4646 tokens)
- Vault Deployer - 0xbF7d635B1F6fed745d9414a414F1f8B372C0bd79
- Vault Factory - 0xEc9A1021cC0d4619ac6405a648239bEB0bFCf76C
- Handler - 0xdE8bb0fbcA6deE981c607C54f94bdd34A9D15362
- Vault - 0x2554823F28f819a6D75081Ec65f7Be1798447eBD (Each address will have it's own vault to hold assets)
- Vault Deployer - 0xEc9A1021cC0d4619ac6405a648239bEB0bFCf76C
- Vault Factory - 0xdE8bb0fbcA6deE981c607C54f94bdd34A9D15362
- Vault - 0x20c3d47D0551fcF44F906Cb04aEBB90ef4AA0BCA
Envio Indexer is being used to index smart contracts on Base Mainnet and will be required by solver to fetch ACTIVE_ORDERS and execute orders that fulfill the condition.
A basic version of Solver is developed which can fetch active orders and check if the order's condition is true and can be executed on Base Mainnet.