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/biz/ - Business & Finance

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21827976 No.21827976 [Reply] [Original]

frens. how to make smart contract flashloans?

>> No.21828030

If you have to ask you're not smart enough

>> No.21828043

not like the bear currently fucking around with aave and LINK, somebody just lost a lot of capital

>> No.21828076

>>21827976
There is maybe 3000 people in the world who can do this and they certaintly wont tell you on /biz/

>> No.21828149

>>21828076
>source: my cavernous rectum

>> No.21828166

>>21828030
i will learn.

>> No.21828214

>>21827976
You need to know solidity and have bots with API scrapers that can find arbitrage opportunities instantly. Its lucrative but its not easy dude

>> No.21828216

>>21827976
It's easy if you know how to program, the issue is spotting and capitalising on such Opportunities.

I've never looked before, but I'd wager you may have had multiple TX's pending to carry out the exact same arbitrage. The risk reward ratio means that groups of people probably have systems set up to constantly watch for these chances.

>> No.21828360

>>21828216
>the issue is spotting and capitalising on such Opportunities.
That's part of the programming part though. You need to automate it

>> No.21828462

all the opportunity is gone. too late to the game. sorry guys

>> No.21828815

>>21828216
program what tho. some are saying it's java, some saying it's python... i've done python for bots before.

can't be that fucking hard. i've got 6 weeks of 24/7 sitting infront of a pc, i'm sure i can figure a simple script out.

>> No.21829318
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21829318

>>21828214
cheers for that, going to learn some of that shit.

>> No.21829414

this is the fiercest market, not worth it desu, there are startups with millions of usd in investments doing exactly this, and the pic in OP is prob a troll/meme

>> No.21829593

>>21829414
not worth it how? you don't need any collateral to begin the flashloan contract... pffft. gotta be worth a few weeks of studying and then trial and error.

>> No.21830033

>>21827976
I dont get it. How did he swap 253 ETH for 145k sUSD without a eth pump? USDC and sUSD are both stable coins correct?

>> No.21830097

>>21830033
And yes i understand arbitrage but this is crazy