Lending Swap

Swap lending b/w DAI & USDC on Compound

Step 1

Installation or just use your browser console.

Step 2

Setup Account

Step 3

Trigger the following uniquely designed spells to fulfill this use case. Check this section for generic details around casting spells.

The DSA will cast the spells across the Compound and OasisDEX connectors in the specified sequence.

DAI Lending -> USDC Lending

Benefits
  • When DAI > $1. Arbitrage benefit due to price difference of DAI & USDC.
  • Help make DAI stable.
Recipe
  1. Instapool: borrow DAI
  2. OasisDEX: Swap DAI for USDC
  3. Compound: deposit USDC
  4. Compound: withdraw DAI
  5. Instapool: return DAI
Requirements
  • User must have some DAI deposited.
let borrowAmount = 20; // 20 DAI
let borrowAmtInWei = dsa.tokens.fromDecimal(borrowAmount, "dai"); // borrow flash loan and swap via OasisDEX

let slippage = 0.1; // 0.1% slippage.
let dai_address = dsa.tokens.info.dai.address
let usdc_address = dsa.tokens.info.usdc.address

let buyAmount = await dsa.oasis.getBuyAmount("USDC", "DAI", borrowAmount, slippage);

let spells = dsa.Spell();

spells.add({
  connector: "instapool",
  method: "flashBorrow",
  args: [dai_address, borrowAmtInWei, 0, 0]
});

spells.add({
  connector: "oasis",
  method: "sell",
  args: [usdc_address, dai_address, borrowAmtInWei, buyAmount.unitAmt, 0, "423"] // setting USDC amount with id 423
});

spells.add({
  connector: "compound",
  method: "deposit",
  args: [usdc_address, 0, "423", 0] // get Deposit amount with id 423
});

spells.add({
  connector: "compound",
  method: "withdraw",
  args: [dai_address, borrowAmtInWei, 0, 0]
});

spells.add({
  connector: "instapool",
  method: "flashPayback",
  args: [dai_address, 0, 0]
});

dsa.cast(spells).then(console.log)

USDC Lending -> DAI Lending

Benefits
  • When DAI < $1. Arbitrage benefit due to price difference of DAI & USDC.
  • Help make DAI stable.
Recipe
  1. Instapool: borrow USDC
  2. OasisDEX: Swap USDC for DAI
  3. Compound: deposit DAI
  4. Compound: withdraw USDC
  5. Instapool: return USDC
Requirements
  • User must have some USDC deposited.
let borrowAmount = 20; // 20 USDC
let borrowAmtInWei = dsa.tokens.fromDecimal(borrowAmount, "usdc"); // borrow flash loan and swap via OasisDEX

let slippage = 0.1; // 0.1% slippage.
let dai_address = dsa.tokens.info.dai.address
let usdc_address = dsa.tokens.info.usdc.address

let buyAmount = await dsa.oasis.getBuyAmount("DAI", "USDC", borrowAmount, slippage);

let spells = dsa.Spell();

spells.add({
  connector: "instapool",
  method: "flashBorrow",
  args: [usdc_address, borrowAmtInWei, 0, 0]
});

spells.add({
  connector: "oasis",
  method: "sell",
  args: [dai_address, usdc_address, borrowAmtInWei, buyAmount.unitAmt, 0, "423"] // setting DAI amount with id 423
});

spells.add({
  connector: "compound",
  method: "deposit",
  args: [dai_address, 0, "423", 0] // get Deposit amount with id 423
});

spells.add({
  connector: "compound",
  method: "withdraw",
  args: [usdc_address, borrowAmtInWei, 0, 0]
});

spells.add({
  connector: "instapool",
  method: "flashPayback",
  args: usdc_address, 0, 0]
});

dsa.cast(spells).then(console.log)

If you still can't find something you're looking for or have any questions, ask them at our developers community on Telegram, Discord or simply send an Email.

Our team is excited about assisting you to build an application using Instadapp Developer Platform. Your questions and feedback help us make a better development environment for future developers.

Best way to stay connected with our progress.