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DeFlashLoan

πŸš€ Unleash your financial potential with DeFlashLoan! Deposit, earn, and take flash loans to maximize returns. Join the revolution today! πŸ’°

DeFlashLoan

Created At

ETHOnline 2023

Project Description

DeFlashLoan is a cutting-edge financial ecosystem that empowers users to maximize their returns by efficiently utilizing flash loans at different fee levels. With a sophisticated algorithm, the platform calculates specific gains for each user based on their deposits, flash loans taken, and the corresponding fee levels. This innovative system enables users to optimize their financial strategies while spreading their potential gains.

Key Functionalities:

Users can deposit their tokens into DeFlashLoan, specifying a minimum percentage return per flash loan taken. The system allows flexibility in depositing different amounts of tokens across various fee levels, offering users a diversified approach to optimize their returns. Whether you're a risk-averse investor or a high-yield seeker, the deposit function accommodates various investment preferences.

The platform's advanced algorithm tracks and calculates the specific gains accrued during the time users' tokens were deposited. Users can withdraw their tokens at any time and receive their accumulated gains. The gains are determined based on the fee levels chosen and the amount of flash loans taken during the deposit period. This feature ensures that users can realize their earnings with transparency and precision.

Users have the option to take a flash loan from the platform. The flash loan fee is determined by the highest fee percentage in the pool of tokens deposited. For example, if User A deposits 1000 ETH at a 0.09% return rate, and User B deposits 100 ETH at a 0.05% return rate, and User C decides to take a loan of 1100 ETH, the platform will provide the flash loan at a 0.09% rate. User C is required to repay 1.09 times the loaned tokens, amounting to 1199 ETH. Of this, 90 ETH will be distributed to User A, and 9 ETH will be allocated to User B. User B, in this scenario, profits from a higher percentage return than initially requested, as User C's loan exceeded their deposit capacity.

DeFlashLoan redefines the way users interact with flash loans and token deposits. By offering flexibility, transparency, and a sophisticated algorithm to optimize returns, this platform opens up new possibilities for users to enhance their financial strategies. Users can choose their investment approach and reap the benefits of a dynamic ecosystem that rewards their participation. Experience the future of financial innovation with DeFlashLoan.

How it's Made

The smart contract written in Solidity, with tests written in Foundry. This tech stack is chosen to enable all EVM-compatible platforms to run the contract, as well as being tested thoroughly in order to minimize bugs and exploits.

The front-end will live on IPFS and will be pretty simple (HTML/CSS) to keep things clean and running smoothly. IPFS is chosen because I love decentralised systems and this will keep it running even under adversarial conditions.

More info will be added later as the application will be built. For now, only the Solidity code is available.

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