Yield has free flash minting of fyDai, and very low fees for fyDai/Dai trades that are close to maturity. You can combine those for cheap Dai flash loans.
And you can do so just by using this npm package ⚡️
npmjs.com/package/fydai-…
And you can do so just by using this npm package ⚡️
npmjs.com/package/fydai-…
To use it you code a contract that inherits from it, deploy, and start flash borrowing. 💸
I deployed a dummy flash borrower in Kovan, that you can use yourself to practice. The fees are paid by the contract, so pump it with some Kovan Dai first!
kovan.etherscan.io/address/0xDd6b…
I deployed a dummy flash borrower in Kovan, that you can use yourself to practice. The fees are paid by the contract, so pump it with some Kovan Dai first!
kovan.etherscan.io/address/0xDd6b…
Check this tx, I paid 0.25 Dai on 1000 Dai which is 2.5 bps.
kovan.etherscan.io/tx/0x2bbab0f04…
Fees change with time to maturity and loan-to-reserves ratio, so you can get them even cheaper in prod.
Have fun, test it out, and if you do this in mainnet, be safe.
kovan.etherscan.io/tx/0x2bbab0f04…
Fees change with time to maturity and loan-to-reserves ratio, so you can get them even cheaper in prod.
Have fun, test it out, and if you do this in mainnet, be safe.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
