1/6 Today let's work on a classic #arbitrage that @_bout3fiddy_ contributed to our #AwesomeTx bounty.
In this tx, the 🕵️♂️ earned over $252,578.9 while paying over 720 $ETH as miner tips, using 4 tokens ($WETH, $USDT, $USDC, $DAI) in 3 venues.
eigenphi.io/ethereum/tx/0x…
In this tx, the 🕵️♂️ earned over $252,578.9 while paying over 720 $ETH as miner tips, using 4 tokens ($WETH, $USDT, $USDC, $DAI) in 3 venues.
eigenphi.io/ethereum/tx/0x…
2/6 Here's how the searcher🕵️♂️ made this:
1) The 🕵️♂️ sent 4,700 $WETH from Balancer Vault to a Curve LP 0xd51a (Step 0,1 in the figure) and swapped the money for 6,075,210 $USDT (Step 2).
1) The 🕵️♂️ sent 4,700 $WETH from Balancer Vault to a Curve LP 0xd51a (Step 0,1 in the figure) and swapped the money for 6,075,210 $USDT (Step 2).
3/6
2) After receiving the $USDT, the 🕵️♂️ swapped only 6,074,603 $USDT for $USDC in another Curve LP 0xbebc (3,4), remaining 607 $USDT.
3) Then, 6,065,352 from 6,065,959 $USDC was swapped to 5,606 $WETH through Uniwap V2 (5,6), during which the searcher reserved 607 $USDC.
2) After receiving the $USDT, the 🕵️♂️ swapped only 6,074,603 $USDT for $USDC in another Curve LP 0xbebc (3,4), remaining 607 $USDT.
3) Then, 6,065,352 from 6,065,959 $USDC was swapped to 5,606 $WETH through Uniwap V2 (5,6), during which the searcher reserved 607 $USDC.
4/6
4) In total, the 🕵️♂️ gained 5,606 $WETH, 607 $USDT as well as 607 $USDC.
After sending 4,700 $WETH back to Balance Vault and generously paying 720 $ETH to the miner (8,9,10), its net income was 186 $WETH and $1,214 worth $USDT&$USDC.
4) In total, the 🕵️♂️ gained 5,606 $WETH, 607 $USDT as well as 607 $USDC.
After sending 4,700 $WETH back to Balance Vault and generously paying 720 $ETH to the miner (8,9,10), its net income was 186 $WETH and $1,214 worth $USDT&$USDC.
5/6 That's all for this awesome tx.
If you see any trading alike or any transactions you deem complicated and interesting, just submit them to our AwesomeTx bounty. 500 USDT is at your fingertips💸💸.
You can read the instructions and join our bounty at:
github.com/eigenphi/Aweso…
If you see any trading alike or any transactions you deem complicated and interesting, just submit them to our AwesomeTx bounty. 500 USDT is at your fingertips💸💸.
You can read the instructions and join our bounty at:
github.com/eigenphi/Aweso…
6/6 I hope you've found this thread helpful.
Follow me @Eigenphi for more.
Like/Retweet the first tweet below if you can:
Follow me @Eigenphi for more.
Like/Retweet the first tweet below if you can:
https://twitter.com/Eigenphi/status/1560250221329653762
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