Profiting in DeFi has never been easier. A typical flash loan is a type of uncollateralized loan that lets a user borrow assets with no upfront collateral as long as the borrowed assets are paid back within the same blockchain transaction.
Today, we will explore the dark side of flash loans, collateralized ones. These types of flash loans maximize profitability with minimal user input. We will be diving in to using collateralized flash loans to earn easy passive income on the Ethereum blockchain via Uniswap token pairings, absolutely risk free.
🚨 🚨 ***UPDATED CODE JAN 22 2024***🚨 🚨 👉If you consult code lines 45-48, you may now select specific token pairings to target if you may choose. As well, the user may set the minimum and maximum value of the flash loan. Place the desired value for each query within the '()' . For instance, if we want to set the maximum flash loan value to the recommended minimum of 1 ETH we would place 1 as the value within the field. EXAMPLE: INPUT_MAXIMUM_LOANVALUE = '(1)'; . You may also leave these fields blank for an automatic flash loan.
👉🚨🚨 EDIT: I got messages from people who didn't fund the flash loan contract enough to cover gas fees and possible burn fees. Contract targets token pairings with max 10% slippage fee and anything lower but most tokens comes with 3~6% fees. If you fund the contract with less than 1 ETH and the bot targets a token with high slippage fee the contract will basically waste in fees more than it will make profit. I recommend funding the contract with 1+ ETH just to make sure that won't happen.
