My client asked to leverage his flash loan from DYDX with liquidity mining, AKA yield farming on compound since Compound protocol doesn't support collateral loans fro it's interface.
1- install dependencies by running npm i
2- install ganache-cli npm i ganache-cli
3- needs 2 terminals running simultaneously:
ganache-cli -p 7545 -f <https://YOUR_ETH_PROVIDER>
4- second terminal: truffle test
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Swap ETH for DAI on Uniswap.
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Deposit swapped DAI and flash loan from DYDX in contract.
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Deposit DAI in compound protocol which will earns you:
- Compound token
- interest rate
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Borrow 70% DAI against total DAI deposited in compound, which will:
- earns you compound token
- incurs interest rate that will be paid by earned interest.
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Pay back your flash loan amount to DYDX.
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Pay back you compound loan to withdraw your collateral DAI to your contract then to your wallet.
