InchiTrade
Decentralised trading tools on top of Aave v3 and 1inch limit order protocol
Project Description
How it works
User has 1000 USDC in his wallet and wants to
-
Buy more than 9050 USDC for 9000 USDT (first limit order)
-
Sell 9000 USDC for 9000 USDT to get $50 profit (second limit order)
-
Deposit USDC to Aave (supplyWithPermit) - zero gas
-
Approve credit delegation to InchiTrade contract (delegationWithSig) - zero gas
-
Activate E-mode to get higher borrowing power for stable coins
-
Create 1inch limit order:
makingAmount - 9000 USDT takingAmount - 9050 USDC predicate - USDC/USDT price higher than 9050/9000 callback - deposit makingAmount to Aave and borrow 9000 USDT to transfer to taker -
Create 1inch limit order to close this position with profit:
makingAmount - 9000 USDC takingAmount - 9000 USDT predicate - USDC/USDT price lower than 1 callback - repay debt using takingAmount and withdraw 9000 USDC to transfer to taker
How it's Made
How it works
User has 1000 USDC in his wallet and wants to
-
Buy more than 9050 USDC for 9000 USDT (first limit order)
-
Sell 9000 USDC for 9000 USDT to get $50 profit (second limit order)
-
Deposit USDC to Aave (supplyWithPermit) - zero gas
-
Approve credit delegation to InchiTrade contract (delegationWithSig) - zero gas
-
Activate E-mode to get higher borrowing power for stable coins
-
Create 1inch limit order:
makingAmount - 9000 USDT takingAmount - 9050 USDC predicate - USDC/USDT price higher than 9050/9000 callback - deposit makingAmount to Aave and borrow 9000 USDT to transfer to taker -
Create 1inch limit order to close this position with profit:
makingAmount - 9000 USDC takingAmount - 9000 USDT predicate - USDC/USDT price lower than 1 callback - repay debt using takingAmount and withdraw 9000 USDC to transfer to taker
