1·Take

The caller supplies account, the position owner this leverage adjustment acts on.

2·Take

Next the caller supplies market, naming the Morpho Blue market the position sits in.

3·Take

Then triggerLTV is taken, the loan-to-value level that must be reached before the plug fires.

4·Take

Following that, targetLTV is taken, the loan-to-value the position is leveraged up toward.

5·Take

The caller also supplies maxSlippage, the slippage bound the collateral swap must respect.

6·Take

Rounding out the inputs, numChunks is taken, the count the plug uses to split the swap.

7·Get market parameters

Reading the immutable parameters of the named market pulls in its loan token, collateral token, oracle, and fixed fields.

8·Get account data

Fetching the account's position in that market against those parameters returns shares, collateral, debt, and health figures.

9·Get price

Reading the market's oracle price gives its collateral token's value in the loan asset.

10·Calculate

Multiplying the collateral figure by the oracle price values the held collateral in loan-asset terms.

11·Calculate

Dividing the current debt by the oracle price expresses that debt in collateral terms.

12·Compare two values

Testing the collateral value equal to 0 produces a boolean flagging an empty position.

13·Predicate

Requiring the debt-over-price value equal 0 be false gates the flow, so it proceeds only with real debt present.

14·Calculate

Multiplying triggerLTV by the oracle price scales the trigger threshold into the oracle's units.

15·Compare two values

Comparing the collateral value less than triggerLTV checks whether the position sits below the trigger level.

16·Compare two values

Comparing the scaled trigger against the debt-over-price value checks the threshold against current debt.

17·Predicate

Requiring the scaled-trigger boolean and the below-trigger boolean together gates adjustment on both LTV conditions holding.

18·Calculate

Subtracting the debt-over-price value from the scaled trigger gives the shortfall to close toward target.

19·Calculate

Subtracting targetLTV from 1 yields the complement used to size the leverage step.

20·Calculate

Dividing the combined boolean result by the shortfall begins computing the borrow amount.

21·Calculate

Flooring maxSlippage at 1 clamps the slippage input to a minimum of 1.

22·Calculate

Dividing the target complement by the prior quotient continues sizing the position adjustment.

23·Flash loan

Taking a fee-free Morpho flash loan of the floored slippage value in the market's loan token, repaid within this transaction.

24·Calculate

Dividing the sizing quotient by the oracle price converts the borrow amount into collateral terms.

25·Calculate

Subtracting targetLTV from 1 yields the complement again for the swap sizing.

26·Calculate

Multiplying the flash-loan amount by the collateral-terms quotient produces the collateral quantity to acquire.

27·Use

Composing the Swap at Floor plug routes the swap that acquires collateral under the floor logic.

28·Supply Collateral

Supplying that acquired collateral amount of the collateral token to the named market builds the position.

29·Borrow

Borrowing the sizing quotient of loan token from the named market against the supplied collateral funds repayment.

30·End block

Closing the innermost open block completes the composed leverage transaction.