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A flash bot botched its arb by earning $3 using $200M ⚡️ loan.
bit.ly/3PfnkKC
1️⃣ flash loan from @MakerDAO
2️⃣ saved the loan to @AaveAave to borrow $WETH
3️⃣ used the $WETH to arb on $T between @CurveFinance and @balancerlabs
4️⃣ took the $3 profit
bit.ly/3PfnkKC
1️⃣ flash loan from @MakerDAO
2️⃣ saved the loan to @AaveAave to borrow $WETH
3️⃣ used the $WETH to arb on $T between @CurveFinance and @balancerlabs
4️⃣ took the $3 profit
Why did the 🤖 only borrow such a small amount of WETH? The short answer is it's its intention. Since flash loans have no cost, there is no incentive for bots to consider and optimize the utilization of funds. This situation is common among arbitrage robots.
And the 🤖 has been doing this all the time 👇
You can find out its MEV history on this page: eigenphi.io/mev/ethereum/c…
Its trading volume reached $24.6M today on 40 txs with a profit of $867.
The top MEVs in the last 30D done by it always use Flash Loan.
No.
You can find out its MEV history on this page: eigenphi.io/mev/ethereum/c…
Its trading volume reached $24.6M today on 40 txs with a profit of $867.
The top MEVs in the last 30D done by it always use Flash Loan.
No.
If you want to find out more about how flash loans haven been used for, go visit our Flash Loan module, showing you trends on @balancerlabs, @dYdX, @AaveAave, #UniV3, top loans, what they have been used for, and how much profit they generate. eigenphi.io/mev/ethereum/f…
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