Glue's implementation of single flash loans, providing a secure and efficient borrowing mechanism. This implementation offers several key advantages:

• Standardization: Glue ensures interoperability with other platforms and protocols that implement this standard.
• Security: The implementation includes strict checks on loan repayment and uses OpenZeppelin's safe transfer functions to prevent reentrancy attacks.
• Transparency: Each successful flash loan emits a GlueLoan event, enhancing traceability and auditability.
• Low fees: Glue charges a competitive 0.01% fee for flash loans, making it an attractive option for arbitrage and other short-term borrowing needs.

Technical Implementation

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To use this function, you must use GlueERC20 or GlueERC721 contract of a specific Sticky Token. To better understand the Glue Ecosystem architecture and find the correct deployment addresses, visit visit Lore and Architecture | License & Deployments

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Technical Flow:

1. Borrower calls flashLoan() for a specific amount of an asset from a Glue address
2. Contract transfers tokens to borrower
3. Executes borrower's onFlashLoan() callback
4. Verifies repayment of loan + 0.01% fee
5. Reverts if repayment fails

Implementation Details

The implementation of Glue's Flash Loans are designed to provide a secure, efficient, and standardized borrowing mechanism. Single Flash Loan are designed to call a precompiled and simplified Glued Loan (more info Glued Loans, to start a Flash Loan you need:

• Calldata
• Callback
• Pre-calculated payback data (no math operations required)
• Balances Check

Building a Glued Loan Receiver