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I try to understand how to get a flashloan from euqlizer finance and make something with it. There is a documentation where they say I have to call the onFlashLoan(...) function to borrow the flashloan (Equalizer Docs).

But then I found a github repository where it is a full code example (Equalizer Github), here I think the flashBorrow(...) funtion is borrowing the flashloan.

So my question is: Which function do I have to call to borrow a flashloan (flashBorrow or onFlashLoan), or do I have to call both? If I only have to call one function, where is the connection between the two functions because there is no function calling the other one?

PS: If needed I can post the functions here, but it makes the question very long.

Thank you!

Best regards

1 Answer 1

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The FlashBorrowerMock example you've linked is the correct implementation.

It works like this:

  1. You call FlashBorrowerMock.flashBorrow(...).
  2. FlashBorrowerMock calls lender.flashLoan(...) at the end.
  3. lender calls FlashBorrowerMock.onFlashLoan(...) (it's a callback, see link).
  4. Now you put your logic inside the onFlashLoan function.

Hope it's more clear!

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  • Amazing, I was hoping for a answer like this. Thank you. But now I do have one more question. In FlashBorrowerMock.flashBorrow(...) the fee data is not used. Does the function have to make the repayment or where does it happen?
    – Dani S
    Commented Sep 26, 2022 at 19:06
  • The repayment is automatically pulled. That's why in flashBorrow there's token.approve
    – 0xSanson
    Commented Sep 26, 2022 at 19:19
  • Ok perfect thank you. Do you have a good page where I can read what a callback function is? I searched for it a long time and do not understand. Is it like a fallback function (Which is called if contract is called and no other function matches)?
    – Dani S
    Commented Sep 26, 2022 at 20:28
  • @DaniS Callback function is just a fancy word for re-entering the previous contract. So if A calls B, and B calls A in the same function, then B is doing a callback.
    – 0xSanson
    Commented Sep 26, 2022 at 22:36
  • Well, I got it now. Thank you very much!
    – Dani S
    Commented Sep 29, 2022 at 19:51

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