Flype-between

What are we trying to solve?

Let's say you have provided liquidity to the WBTC/ETH pool on Uniswap, and now you would like to move your funds to the DAI/USDC pool, today, you will have to go through the following steps:

• Approve Uniswap to expand your WBTC/ETH-LP Token

• Withdraw the underlying pair of tokens (WBTC + ETH)

• Approve Uniswap to expand your WBTC

• Swap WBTC tokens to DAI

• Swap ETH tokens to USDC

• Deposit the DAI + USDC to the DAI/USDC pool

Flype-between pools in a single swap

With Flype, you can seamlessly move your funds between different liquidity pools and protocols, simply by trading an LP token for another in a single transaction.

It is executed by the following behind-the-scenes actions:

On the WBTC/ETH-LP/ETH pool:

• Calculate the Oracle market value of WBTC/ETH-LP.

• Fetch the Oracle market price of ETH.

• Calculate the WBTC/ETH-LP/ETH exchange rate using Flype's IMM mechansim.

• Add WBTC/ETH-LP tokens to the WBTC/ETH-LP/ETH Pool.

• Remove the equivalent ETH value in US Dollar terms from the WBTC/ETH-LP/ETH Pool.

WBTC/ETH-LP/ETH POOL (ON THE LEFT) ; DAI/USDC-LP/ETH POOL (ON THE RIGHT)

On the DAI/USDC-LP/ETH pool:

• Calculate the Oracle market price of DAI/USDC-LP.

• Calculate the DAI/USDC-LP/ETH exchange rate using Flype's IMM mechansim.

• Add the ETH to the DAI/USDC-LP/ETH Pool.

• Transfer equivalent DAI/USDC-LP tokens value in US Dollar terms from the DAI/USDC-LP/ETH Pool to your wallet.