ETH Flash Loan Arbitrage using Uniswap on the Ethereum Mainnet| 10x Huge Profits! Beginner Friendly | Make 4+ ETH Passive Income - AUG 2022
In this video we deploy a new flash loan arbitrage smart contract to the Ethereum Mainnet using remix and trade with our smart contract on Uniswap to benefit from arbitrage opportunities.
Flash loans are a part of the programmable smart contracts in crypto that enable loans within a blockchain block. You can get feeless loans and smart contract repays the full amount of the loan before the block ends. The only fee you need to pay is the transaction fee. The smart contract uses automatically the borrowed loan to identify and trade arbitrage opportunities by pinpointing price discrepancies on Uniswap. So you will make big profits through volatile prices between blocks.
➡️IMPORTANT NOTICE : This method does not work on testnets ! Why ? Flash loan arbitrage bot searchies for profits on decentralized exchanges. There isn't any arbitrage opportunity on testnets. So flash loan arbitrage bot can't work on testnets. If you send Tokens on TESTNET your Tokens will lose all their value.
