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## Complete the Open Function In this video, we will complete the `open` function to create a leveraged position using a flash loan. To start, we will pull the collateral from the message sender as: ```solidity IERC20(params.collateral).transferFrom(msg.sender, address(this), params.colAmount) ``` Next, we will initiate a flash loan using the helper function in `AaveHelper.sol`, which takes in the token, amount, and data as inputs: ```solidity flashLoan( { token: params.coin, amount: params.coinAmount, data: abi.encode( FlashLoanData( { coin: params.coin, collateral: params.collateral, open: true, caller: msg.sender, colAmount: params.colAmount, swap: params.swap } ) ) } ); ``` After initiating a flash loan to create a leveraged position, we will make sure that the health factor is greater than a number that the user specifies with: ```solidity require( getHealthFactor(address(this)) >= params.minHealthFactor, "health factor < min" ); ``` Next, we will implement `flashLoanCallback` to perform our logic. We will start with borrowing with: ```solidity uint256 repayAmount = amount + fee; ``` Then, we will initialize coin and collateral as `IERC20` as: ```solidity IERC20 coin = IERC20(data.coin); IERC20 collateral = IERC20(data.collateral); ``` Next, we can finish the process by approving Aave for `repayAmount` as: ```solidity coin.approve(address(pool), repayAmount); ``` We will take the collateral that we bought and add the collateral that the user specified initially: ```solidity uint256 colAmount = data.colAmount + colAmountOut; ``` Next, we will supply the collateral and pass it as collateral to Aave as: ```solidity supply(address(collateral), colAmount); ``` Then, we borrow the stable coin for the flash loan amount plus fee as: ```solidity borrow(address(coin), repayAmount); ``` To test that the code compiles we run: ```bash forge build ```
In this video, we will complete the open
function to create a leveraged position using a flash loan.
To start, we will pull the collateral from the message sender as:
Next, we will initiate a flash loan using the helper function in AaveHelper.sol
, which takes in the token, amount, and data as inputs:
After initiating a flash loan to create a leveraged position, we will make sure that the health factor is greater than a number that the user specifies with:
Next, we will implement flashLoanCallback
to perform our logic. We will start with borrowing with:
Then, we will initialize coin and collateral as IERC20
as:
Next, we can finish the process by approving Aave for repayAmount
as:
We will take the collateral that we bought and add the collateral that the user specified initially:
Next, we will supply the collateral and pass it as collateral to Aave as:
Then, we borrow the stable coin for the flash loan amount plus fee as:
To test that the code compiles we run:
A comprehensive guide to creating a Flash Leverage contract. The lesson covers implementing a Flash Leverage contract that interacts with the Aave protocol. It shows you how to transfer collateral to the Aave protocol, initiate a flash loan, and use the SwapHelper contract to swap tokens.
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Course Overview
About the course
Rocket Pool rETH staking, yield mechanisms, trading options, and contract architecture
How to distribute rewards and calculate rETH/ETH exchange rate
How to acquire and redeem rETH
Integrating rETH into DeFi protocols like AAVE V3
How to how to create leveraged ETH positions using rETH
How to provide rETH as liquidity to Balancer and Aura
Getting the USD price of rETH using Rocket Pool NAV oracle
Re-staking with EigenLayer
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Last updated on July 8, 2025
Duration: 4min
Duration: 48min
Duration: 57min
Duration: 30min
Duration: 7min
Duration: 23min
Duration: 6min
Course Overview
About the course
Rocket Pool rETH staking, yield mechanisms, trading options, and contract architecture
How to distribute rewards and calculate rETH/ETH exchange rate
How to acquire and redeem rETH
Integrating rETH into DeFi protocols like AAVE V3
How to how to create leveraged ETH positions using rETH
How to provide rETH as liquidity to Balancer and Aura
Getting the USD price of rETH using Rocket Pool NAV oracle
Re-staking with EigenLayer
DeFi Developer
$75,000 - $200,000 (avg. salary)
Smart Contract Engineer
$100,000 - $150,000 (avg. salary)
Web3 developer
$60,000 - $150,000 (avg. salary)
Smart Contract Auditor
$100,000 - $200,000 (avg. salary)
Blockchain Financial Analyst
$100,000 - $150,000 (avg. salary)
Web3 Developer Relations
$85,000 - $125,000 (avg. salary)
Last updated on July 8, 2025