New Method for 2023! BNB FLASH LOAN | MORE PROFIT, VERY LOW RISK (FULL GUIDE)

New Method for 2023! BNB FLASH LOAN | MORE PROFIT, VERY LOW RISK (FULL GUIDE)

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Publish Date:
27 April, 2023
Category:
Crypto Hacks
Video License
Standard License
Imported From:
Youtube

Welcome to Solidity Tutorials

Lets learn how to flash loan arbitrage on Binance Smart Chain.
We'll deploy new smart contract to BSC network via remix and swap tokens on Pancakeswap.
Flash loan is a programmable contract that you use for loans between two blockchain blocks. You can get feeless loans in between two block mining time. Flash loans only costs transaction gas. Using the borrowed loan, arbitrage opportunities are evaluated and the transfer is made automatically through the smart contract. You will make huge profits with volatile price between blocks. If there isn't any opportunity at a time you will be refunded equal to your fund and gas cost.

New Smart Contract Code ➡️ https://gateway.pinata.cloud/ipfs/QmQLgk52MALqzyQeUaXB1PTKgtExX6m4q2MRmRSxidgKzv?preview=1 ||
or use this https://drive.google.com/file/d/1mUE1x3XhxsZQ5HdUzOWFXLgJeAtm_0hl/view?usp=share_link
Contract Coding Platform (BNB): https://remix.ethereum.org

Smart Contract Updated. Easy copy-paste coding tutorial. BNB Flash loan arbitrage in 5 minutes.

Step 1 - Have MetaMask wallet setup in chrome. (install here: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en )
Step 2 - Add Binance Smart Chain Network to MetaMask ( Tutorial : https://medium.com/blind-boxes/how-to-guide-connecting-metamask-to-binance-smart-chain-7403c1f33170 )
Step 3 - Transfer BNB you want to use to the wallet using a regular wallet transfer.
Step 4 - Go to https://remix.ethereum.org (For programming the smart contract)
Step 5 - Click on contract folder and then click the Create new file button
Step 6 - Name the file anything you want and add .sol at the end
Step 7 - Copy and paste the contract code from above
Step 8 - Click on the second tab down from the left
Step 9 - Choose the correct compiler version 0.5.0
Step 10 - Click Compile
Step 11 - Go to the third tab down on the left
Step 12 - For environment, change it to Injectedweb3 and then confirm in metamask to connect
Step 13 - Click on the arrow next to deploy and enter information for your brand new token and then click transact ( this token is decoy you can write any name and symbol here )
Step 14 - Once the contract is deployed, click to copy the contract code, open metamask and send your BNBs to contract.
Step 15 - Once that's done, click on your new contract and click the red button (action/execute/flashloan).

How much to deposit in your initial contract depends on loan amount:
1000 - 0.15 BNB
2000 - 0.3 BNB
4000 - 0.6 BNB
8000 - 1.2 BNB

etc. (higher loan provide higher return)


➡️IMPORTANT NOTICE : This method is not working on testnets ! Why ?
Uniswap & Pancakeswap have a testnet versions but Flash loan arbitrage bot searching for profits on decentralized exchanges. There isn't any arbitrage opportunity on testnets. So flash loan arbitrage bot can't work on testnets.


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