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App/Script/Strategy functionality > Arbitrage Supply Side Yield Generating Algorithm Implementation:
Overview of Script
- Provide a detailed description of what the script does, highlighting the different DeFi protocols it interacts with and the overall workflow.
Script swaps USDC for LINK on uniswap & then opens a supply position on aave to start supplying link & earn interest.
Step 1: Checks usdc balance after requesting how much you want to swap, if the value is correct, then prepares the params and performs the swap on uniswap.
Step 2: Script Requests approval to allow the contract to spend x amount of tokens on behalf of the user in order to be able to open a supply position on aave.
Step 3: Script opens supply position in aave for the x amount of LINK provided
Step 4: Script provides the transaction receipt for verification.Don't trust, verify.
Diagram Illustration - Include a diagram illustrating the sequence of steps and interactions between the protocols. This can be a flowchart or any visual representation that depicts the process
--excalidraw to be used here
About
Stackup Quest :Arbitrage Supply Side Yield Generating Algorithm Implementation. Soln: write a script that swaps usdc for LINK on uniswap and then opens a supply position on AAVE to earn intrest