Loopy Description

As a user:

• deposit USDC, USDT, DAI, ARB, WBTC, FRAX or plvGLP
• 1 click loop using the underlying (or USDC in the case of plvGLP) up to 1 < desired leverage amount < 3

Contract description

1. start with x token, with desired leverage amount y where 10000 < y <= 30000
2. flashloan z token, where z = (y - 10000) * x from balancerV2 vault 3a. if using plvGLP, mint plvGLP using USDC 3b. mint lToken using borrowed token through lodestar
3. transfer lToken to user
4. call lToken.borrowFor to borrow z token
5. transfer z token from user to balancer vault, paying back flashloan

Contract inputs

• IERC20 _token: The token you wish to loop
• uint256 _amount: The amount you wish to leverage
• uint16 _leverage: The amount at which you wish to leverage up to (10000, 20000, 30000 = 1, 2, 3)
• uint16 _useWalletBalance: A flag used to indicate whether the user wishes to use their wallet balance (1) or not (0)

Approvals

User needs to action approvals:

1. Approve Loopy to spend at least _amount plvGLP, for looping
2. Approve Loopy to spend at least z USDC, to repay flash loan
3. Approve Loopy to spend at least the lToken amount they with to leverage to.