Deleverage

Continuing from4. Select an use case.

5. Preview the Estimated Post-Deleverage Position & Approval Permissions

Specify the collateralToken and baseAmount that the user wants to deleverage. Then It returns a quotation used for getting the estimated position. approvals need to be signed and submitted on-chain. logics is the detailed steps used for building transaction. Logics workflow is as follows:

1. Initiates a flash loan of the deleverage token.

2. Swap the deleverage token to the base token.

3. Repay the base token.

4. Withdraw the deleverage token for the user.

5. Repay the flash loan.

import * as compoundkit from '@protocolink/compound-kit';
import * as common from '@protocolink/common';
import * as logics from '@protocolink/logics';

const chainId = common.ChainId.polygon;
const marketId = compoundkit.MarketId.USDC;
const params = {
  account: '0xaAaAaAaaAaAaAaaAaAAAAAAAAaaaAaAaAaaAaaAa',
  collateralToken: logics.compoundv3.polygonTokens.WETH,
  baseAmount: '1000', // It's base token amount
  slippage: 100,
};
const deleverageQuotation = await compoundkit.getDeleverageQuotation(chainId, marketId, params);
// {
//   "quotation": {
//     "currentPosition": {
//       "utilization": "0.653",
//       "healthRate": "1.64",
//       "liquidationThreshold": "0.7774",
//       "supplyUSD": "0",
//       "borrowUSD": "76853.77",
//       "collateralUSD": "161808.21",
//       "netAPR": "-0.0434"
//     },
//     "targetPosition": {
//       "utilization": "0.6487",
//       "healthRate": "1.65",
//       "liquidationThreshold": "0.7771",
//       "supplyUSD": "0",
//       "borrowUSD": "75853.82",
//       "collateralUSD": "160808.26",
//       "netAPR": "-0.0429"
//     }
//   },
//   "fees": [
//     {
//       "rid": "utility:flash-loan-aggregator",
//       "feeAmount": {
//         "token": {
//           "chainId": 137,
//           "address": "0x0000000000000000000000000000000000001010",
//           "decimals": 18,
//           "symbol": "MATIC",
//           "name": "Matic Token"
//         },
//         "amount": "0.811706124847048818"
//       }
//     }
//   ],
//   "approvals": [
//     {
//       "to": "0xF25212E676D1F7F89Cd72fFEe66158f541246445",
//       "data": "0x110496e50000000000000000000000000e7c086090b361c955950956105df200b20f66d70000000000000000000000000000000000000000000000000000000000000001"
//     }
//   ],
//   "logics": [
//     {
//       "rid": "utility:flash-loan-aggregator",
//       "fields": {
//         "id": "82c3253b-3203-4f3b-bd2a-bbc7b308646b",
//         "protocolId": "balancer-v2",
//         "loans": [
//           {
//             "token": {
//               "chainId": 137,
//               "address": "0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619",
//               "decimals": 18,
//               "symbol": "WETH",
//               "name": "Wrapped Ether"
//             },
//             "amount": "0.558401658980619882"
//           }
//         ],
//         "isLoan": true
//       }
//     },
//     {
//       "rid": "paraswap-v5:swap-token",
//       "fields": {
//         "input": {
//           "token": {
//             "chainId": 137,
//             "address": "0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619",
//             "decimals": 18,
//             "symbol": "WETH",
//             "name": "Wrapped Ether"
//           },
//           "amount": "0.558401658980619882"
//         },
//         "output": {
//           "token": {
//             "chainId": 137,
//             "address": "0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174",
//             "decimals": 6,
//             "symbol": "USDC",
//             "name": "USD Coin (PoS)"
//           },
//           "amount": "1000"
//         },
//         "slippage": 100
//       }
//     },
//     {
//       "rid": "compound-v3:repay",
//       "fields": {
//         "marketId": "USDC",
//         "borrower": "0x0FBeABcaFCf817d47E10a7bCFC15ba194dbD4EEF",
//         "input": {
//           "token": {
//             "chainId": 137,
//             "address": "0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174",
//             "decimals": 6,
//             "symbol": "USDC",
//             "name": "USD Coin (PoS)"
//           },
//           "amount": "1000"
//         },
//         "balanceBps": 10000
//       }
//     },
//     {
//       "rid": "compound-v3:withdraw-collateral",
//       "fields": {
//         "marketId": "USDC",
//         "output": {
//           "token": {
//             "chainId": 137,
//             "address": "0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619",
//             "decimals": 18,
//             "symbol": "WETH",
//             "name": "Wrapped Ether"
//           },
//           "amount": "0.558401658980619882"
//         }
//       }
//     },
//     {
//       "rid": "utility:flash-loan-aggregator",
//       "fields": {
//         "id": "82c3253b-3203-4f3b-bd2a-bbc7b308646b",
//         "protocolId": "balancer-v2",
//         "loans": [
//           {
//             "token": {
//               "chainId": 137,
//               "address": "0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619",
//               "decimals": 18,
//               "symbol": "WETH",
//               "name": "Wrapped Ether"
//             },
//             "amount": "0.558401658980619882"
//           }
//         ],
//         "isLoan": false
//       }
//     }
//   ]
// }

6. Obtain Transaction Data for Execution

Provides transaction data that is needed to execute this operation. Armed with the logics from the previous step, it generates the to, data and value including fees then signs and submits to finalize the operation.

If you wish to include a referral for fee sharing, you can append the referral property to the routerData object. For detailed information on using routerData, please refer to the Router Data Documentation.

import * as compoundkit from '@protocolink/compound-kit';
import * as common from '@protocolink/common';
import * as apisdk from '@protocolink/api';

const routerData: apisdk.RouterData = {
  chainId: common.ChainId.polygon,
  account: '0xaAaAaAaaAaAaAaaAaAAAAAAAAaaaAaAaAaaAaaAa',
  logics: deleverageQuotation.logics,
  referral: '0xbBbBBBBbbBBBbbbBbbBbbbbBBbBbbbbBbBbbBBbB',
};
const transactionRequest = await compoundkit.buildDeleverageTransactionRequest(routerData);
// {
//   "to": "0xf4dEf6B4389eAb49dF2a7D67890810e5249B5E70",
//   "data": "0x...",
//   "value": "811819097629533926"
// }