Leverage Trading with VVS and Tectonic

Introduction

Support leverage trading with VVS and Tectonic.

How to Demo

Prepare

Send USDC to accounts

hh run scripts/sendUSDC.ts

Add liquidity to WETH/USDC liquidity pool

hh run scripts/addLiquidity.ts 

Deploy the contract

hh run scripts/deploy.ts

Long

Change USD/ETH price to 1000.

PRICE=1000 hh run scripts/changePrice.ts

Open Long position

• Input: 1000 USDC
• Loan to Value Ratio: 60%

round	1st	2nd	3rd	total
USDC Borrowed		600	360	960
WETH Collateral	1	0.6	0.36	1.96

hh run scripts/openLongPosition.ts 

Change USD/ETH price to 2000.

PRICE=2000 hh run scripts/changePrice.ts

Close long position

Estimate profit: 1000 * 1.96 = 1960.

hh run scripts/closeLongPosition.ts 

Short

Change USD/ETH price to 1000.

PRICE=1000 hh run scripts/changePrice.ts

Open short position

• Input: 1000 USDC
• Loan to Value Ratio: 60%

round	start	1st	2nd	3rd	total
WETH Borrowed		0.6	0.36	0.216	1.176
USDC Collateral	1000	600	360	216	2176

hh run scripts/openShortPosition.ts 

Change USD/ETH price to 500.

PRICE=500 hh run scripts/changePrice.ts

Close short position

Estimate profit: 500 * 1.176 = 588.

hh run scripts/closeShortPosition.ts