Flashbank

Flashloan on top of Compound using delegated borrowing limits.

Demo Video Live Demo Source Code

Prizes

Compound: Best improvement to the Compound Protocol - $2500 cUSDC

Pocket Gateway + RPC Endpoint integrators

Technologies

Ethereum

Solidity

CTokens

Pocket Network

Description

The project uses compound's delegated borrowing to allow suppliers of assets on compounds to make additional revenue by opening up their assets to flashloans. This allows all 1Billion dollars worth of assets to be open to the whole ethereum network to use as flash loans while allowing users to use their CTokens for productive uses.

How It's Made

We used the following amazing protocols: - compound - chainlink - pocket network While compound is our lending provider, chainlink provides us with price fees that the protocol uses to show stats on the home page. Pocket network is our RPC provider of choice! We used delegated borrowing from compound which unlocks 1billion worth of assets for flashloan and generates additional revenue! What is worth mentioning is how light the protocol is, we intend to create a proper proposal for compound core protocol too!

Team

Thrilok Kumar Vaibhav Chellani Kautuk Kundan snaketh4xor .
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