DailyNews
vip

According to PANews news on June 15, according to The Block, an arbitrage robot executed a series of complex transactions on Ethereum, involving a flash loan of 200 million US dollars, but only earned a profit of 3.24 US dollars.


Arkham Intelligence said in a Twitter post that the arbitrage robot obtained a $200 million DAI stablecoin loan from MakerDAO through the "DssFlash" contract through the "DssFlash" contract, and then used the funds as a mortgage on Aave to borrow $2,300 worth of WETH. Used to buy Threshold Network (T) tokens on Curve, after completing the arbitrage cycle, the robot sold Threshold Network tokens on Balancer exchange, resulting in a profit of 0.019 ETH, which is about $33, but the transaction cost and Ethereum area The block producer’s fee of $1 erodes the net gain significantly, so that its final gain is only $3.24.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)