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Cover image for Flash Loans | Make profit in almost 14 secs - if you are smart enough. People have already started doing it.

Flash Loans | Make profit in almost 14 secs - if you are smart enough. People have already started doing it.

a_mature_dev on February 23, 2020

Assumption: Another one of my quick notes => I assume that you (the reader) understands Blockchain [Ethereum specifically], smart contracts and ...
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ruykxxcc profile image
ruykxxc

sir ! i'm little bit newbie .
my question is , " can we make profit with small price difference like 0.5-1$ ?
as you know in decentralized exchanges, they also charged trading fee of 0.30% .
While doing triangular arbitrage, there should be around 3 trades . So the trading fee (0.30*3) + aave loan fee (0.09) + gas . "

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giorgosk profile image
Giorgos Kontopoulos 👀

I have heard about it. Is this an exploit or is it intentional behaviour ?

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a_mature_dev profile image
a_mature_dev

There have been 2 recent transactions which were large enough to influence the prices of 2 different coins. Some say back, some say exploit. But honestly the trades were by the book. Didn't hack anything. It was just a smart algo / trade.