Flash Loans

Some position-management operations need more liquidity, momentarily, than the Caliber holds: opening a leveraged or looped lending position, unwinding such a position in one shot, or rebalancing across a DEX pool. A flash loan supplies that temporary liquidity within a single transaction.

How it fits the instruction model

A flash loan wraps a Management instruction:

The borrowed funds are made available before the inner instruction runs and must be repaid by the end of it. The inner step is a dedicated Flashloan-Management instruction type, which is only valid inside an outer Management instruction, and cannot be executed on its own.

The Caliber reaches flash-loan providers through an external Flashloan Module that adapts the differing callback interfaces of various lending protocols into one consistent entry point.

Same guardrails apply

A flash loan doesn't bypass any of the Caliber's safety properties. The inner instruction must still match the approved Merkle root, and the loss check is applied to the operation as a whole, so the temporary liquidity cannot be used to move value outside the configured tolerance.