LendingPool
The LendingPool
contract is the main contract of the protocol. It exposes all the user-oriented actions that can be invoked using either Solidity or web3 libraries.
LendingPool
methods**deposit, borrow, withdraw and repay
**are only for ERC20, if you want to deposit, borrow, withdraw or repay using native ETH (or native MATIC incase of Polygon), use WETHGateway
instead.
Methods
deposit()
function deposit(address asset, uint256 amount, address onBehalfOf, uint16 referralCode)
Deposits a certain amount
of an asset
into the protocol, minting the same amount
of corresponding aTokens, and transferring them to the onBehalfOf
address.
The referral program is currently in active and you can pass0
as thereferralCode.
In future for referral code to be active again, a governance proposal, with the list of unique referral codes for various integration must be passed via governance.
When depositing, the LendingPool
contract must have**allowance()
to spend funds on behalf ofmsg.sender
** for at-least**amount
** for the asset
being deposited. This can be done via the standard ERC20 approve()
method.
asset
address
amount
uint256
amount deposited, expressed in wei units
onBehalfOf
address
address whom will receive the aTokens.
Use msg.sender
when the aTokens should be sent to the caller.
referralCode
uint16
withdraw()
function withdraw(address asset, uint256 amount, address to)
Withdraws amount
of the underlying asset
, i.e. redeems the underlying token and burns the aTokens.
When withdrawing to
another address,**msg.sender
**should haveaToken
that will be burned by lendingPool .
asset
address
amount
uint256
amount deposited, expressed in wei units.
Use type(uint).max
to withdraw the entire balance.
to
address
address that will receive the asset
borrow()
function borrow(address asset, uint256 amount, uint256 interestRateMode, uint16 referralCode, address onBehalfOf)
Borrows amount
of asset
with interestRateMode
, sending the amount
to msg.sender
, with the debt being incurred by onBehalfOf
.
Note: onBehalfOf
must have enough collateral via deposit()
or have delegated credit to msg.sender
via approveDelegation()
. See the Credit Delegation guide for more details.
asset
address
amount
uint256
amount to be borrowed, expressed in wei units
interestRateMode
uint256
the type of borrow debt.
Stable: 1, Variable: 2
referralCode
uint16
onBehalfOf
address
address of user who will incur the debt.
Use msg.sender
when not calling on behalf of a different user.
repay()
function repay(address asset, uint256 amount, uint256 rateMode, address onBehalfOf)
Repays onBehalfOf
's debt amount
of asset
which has a rateMode
.
asset
address
amount
uint256
amount to be borrowed, expressed in wei units.
Use uint(-1)
to repay the entire debt, ONLY when the repayment is not executed on behalf of a 3rd party.
In case of repayments on behalf of another user, it's recommended to send an _amount
slightly higher than the current borrowed amount.
rateMode
uint256
the type of borrow debt.
Stable: 1, Variable: 2
onBehalfOf
address
address of user who will incur the debt.
Use msg.sender
when not calling on behalf of a different user.
swapBorrowRateMode()
function swapBorrowRateMode(address asset, uint256 rateMode)
Swaps the msg.sender
's borrow rate modes between stable and variable.
asset
address
rateMode
uint256
the rate mode the user is swapping to.
Stable: 1, Variable: 2
setUserUseReserveAsCollateral()
function setUserUseReserveAsCollateral(address asset, bool useAsCollateral)
Sets the asset
of msg.sender
to be used as collateral or not.
asset
address
useAsCollateral
bool
true
if the asset
should be used as collateral
liquidationCall()
function liquidationCall(address collateral, address debt, address user, uint256 debtToCover, bool receiveAToken)
Liquidate positions with a health factor below 1. Also see our Liquidations guide.
When the health factor of a position is below 1, liquidators repay part or all of the outstanding borrowed amount on behalf of the borrower, while receiving a discounted amount of collateral in return (also known as a liquidation 'bonus"). Liquidators can decide if they want to receive an equivalent amount of collateral aTokens, or the underlying asset directly. When the liquidation is completed successfully, the health factor of the position is increased, bringing the health factor above 1.
Liquidators can only close a certain amount of collateral defined by a close factor. Currently the close factor is 0.5. In other words, liquidators can only liquidate a maximum of 50% of the amount pending to be repaid in a position. The liquidation discount applies to this amount.
Liquidators must approve()
the LendingPool
contract to use debtToCover
of the underlying ERC20 of theasset
used for the liquidation.
NOTES
In most scenarios, profitable liquidators will choose to liquidate as much as they can (50% of the
user
position).debtToCover
parameter can be set touint(-1)
and the protocol will proceed with the highest possible liquidation allowed by the close factor.To check a user's health factor, use
getUserAccountData()
.
collateral
address
address of the collateral reserve
debt
address
address of the debt reserve
user
address
address of the borrower
debtToCover
uint256
amount of asset
debt that the liquidator will repay
receiveAToken
bool
if true
, the user receives the aTokens equivalent of the purchased collateral. If false
, the user receives the underlying asset directly.
flashLoan()
function flashLoan(address receiverAddress, address[] calldata assets, uint256[] calldata amounts, uint256[] modes, address onBehalfOf, bytes calldata params, uint16 referralCode)
Sends the requested amounts
of assets
to the receiverAddress
contract, passing the included params
.
If the flash loaned amounts
+ fee is not returned by the end of the transaction, then the transaction will either:
revert if the associated
mode
is 0,onBehalfOf
incurs a stable debt ifmode
is 1, oronBehalfOf
incurs a variable debt ifmode
is 2.
Your contract which receives the flash loaned amounts must conform to the IFlashLoanReceiver
interface. For more, see the flash loan guides.
receiverAddress
address
address of the contract receiving the funds.
Must implement the IFlashLoanReceiver
interface.
assets
address[]
addresses of the reserves to flashloan
amounts
uint256[]
amounts of assets
to flashloan.
This needs to contain the same number of elements as assets
.
modes
uint256[]
the types of debt to open if the flashloan is not returned.
0: Don't open any debt, just revert
1: stable mode debt
2: variable mode debt
onBehalfOf
address
if the associated mode
is not0
then the incurred debt will be applied to the onBehalfOf
address.
params
bytes
bytes-encoded parameters to be used by the receiverAddress
contract
referralCode
uint16
View Methods
getReserveData()
function getReserveData(address asset)
Returns the state and configuration of the reserve
asset
address
address of the reserve
Return values
configuration
uint256
See the whitepaper for details on why a bitmask was used.
bit 0-15: LTV
bit 16-31: Liq. threshold
bit 32-47: Liq. bonus
bit 48-55: Decimals
bit 56: reserve is active
bit 57: reserve is frozen
bit 58: borrowing is enabled
bit 59: stable rate borrowing enabled
bit 60-63: reserved
bit 64-79: reserve factor
** All % are 1e4 i.e. percentage plus two decimals
** Decimals is 1e2
** Caveat on Liquidation bonus
105% Liq Bonus = 100% principal + 5% bonus
liquidityIndex
uint128
liquidity index in ray
variableBorrowIndex
uint128
variable borrow index in ray
currentLiquidityRate
uint128
current supply / liquidity / deposit rate in ray
currentVariableBorrowRate
uint128
current variable borrow rate in ray
currentStableBorrowRate
uint128
current stable borrow rate in ray
lastUpdateTimestamp
uint40
timestamp of when reserve data was last updated
aTokenAddress
address
address of associated aToken (tokenised deposit)
stableDebtTokenAddress
address
address of associated stable debt token
variableDebtTokenAddress
address
address of associated variable debt token
interestRateStrategyAddress
address
address of interest rate strategy.
id
uint8
the position in the list of active reserves
getUserAccountData**()**
function getUserAccountData(address user)
Returns the user account data across all the reserves
user
address
address of the user
Return values
totalCollateralETH
uint256
total collateral in ETH of the use (wei decimal unit)
totalDebtETH
uint256
total debt in ETH of the user (wei decimal unit)
availableBorrowsETH
uint256
borrowing power left of the user (wei decimal unit)
currentLiquidationThreshold
uint256
liquidation threshold of the user (1e4 format => percentage plus two decimals)
ltv
uint256
Loan To Value of the user (1e4 format => percentage plus two decimals)
healthFactor
uint256
current health factor of the user.
getConfiguration**()**
function getConfiguration(address asset)
Returns the configuration of the reserve
asset
address
address of the reserve
Return values
uint256
See the whitepaper for details on why a bitmask was used.
bit 0-15: LTV
bit 16-31: Liq. threshold
bit 32-47: Liq. bonus
bit 48-55: Decimals
bit 56: reserve is active
bit 57: reserve is frozen
bit 58: borrowing is enabled
bit 59: stable rate borrowing enabled
bit 60-63: reserved
bit 64-79: reserve factor
getUserConfiguration**()**
function getUserConfiguration(address user)
Returns the configuration of the user across all the reserves.
user
address
address of the user
Return values
uint256
See the whitepaper for details on why a bitmask was used.
The bitmask is divided into pairs of bits, one pair for each asset.
In short, if a user is using WETH as collateral and has borrowed DAI, then the value returned would be 0x40020
(in hex) or 262176
(in decimal).
getReserveNormalizedIncome**()**
function getReserveNormalizedIncome(address asset)
Returns the normalized income per unit of asset
.
A return value of indicates no income. As time passes, the income is accrued. A value of indicates that for each unit of asset, two units of income have been accrued.
asset
address
address of the reserve
getReserveNormalizedVariableDebt**()**
function getReserveNormalizedVariableDebt(address asset)
Returns the normalized variable debt per unit of asset
.
A return value of indicates no debt. As time passes, the debt is accrued. A value of indicates that for each unit of asset, two units of debt have been accrued.
asset
address
address of the reserve
paused**()**
function paused()
Returns true
if the LendingPool is paused.
getReservesList**()**
function getReservesList()
Returns the list of initialized reserves.
getAddressesProvider**()**
function getAddressesProvider()
Returns the addresses provider.
Error Codes
In order to reduce gas usage and code size, Phantazm contracts return numbered errors. If you are making calls to the protocol and receive numbered errors, you can use our error code reference guide to know what the error number means. Alternatively, you can also find what the numbers represent by checking the Errors.sol
ABI
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