v1.0.0 of the ShadowGas smart contract is finished. My two recent posts (below) go over the Store and Transfer features of the contract and this one will go over the Trade feature.
https://dev.to/traylorboy/shadowgas-store-40m9
https://dev.to/traylorboy/shadowgas-transfer-59jg
The Trade feature currently only trades the liquid gas token, however I plan on including the other 2 later down the road
Updated the shadowGas.config.json file
shadow.config.json
`RefuelChiAmt` - Mint Chi Amount
`RefuelLgtAmt` - Mint Lgt Amount
`EmptyChiAmt` - Transfer Chi Amount
`EmptyLgtAmt` - Transfer Lgt Amount
`EmptyChiTo` - Address to transfer Chi to
`EmptyLgtTo` - Address to transfer Lgt to
`GasLimit` - Gas Limit
`GasSpeed` - Gas Speed ("fast", "average", "slow")
`TradeLimit` - The amount of trades to perform
`LgtTradeAmount` - Amount of LGT Tokens to trade
Trade
Only trades LGT, but can use refueled CHI for discounts so profit may be more than expected if discount is applied
Oracle
npx buidler oracle
Will retrieve trade information for arbitrage
Arbitrage
npx buidler arbitrage
Will run a loop to continuously check for trade opportunities every minute and will execute trades if an opportunity is found until TradeLimit is reached
Examples
Check for trade opportunity
npx buidler oracle
If the costToMint > expectedProfit, no opportunity found
Testing the Arbitrage Strategy
Since the costToMint is heavily weighted by the current gasPrice, by changing the gasPrice variable (ex. 1 Gwei) on a testnet, you will be able to mint the LGT tokens for cheap and sell them for a profit within the same transaction since the costToMint will be much lower when minting at 1 Gwei than at 116 Gwei thus forcing a trade opportunity.
npx buidler arbitrage
v1.0.0 for the ShadowGas contract is released; after adding GST compatibility (v1.1.0), I will be developing the UI in React in order to interact with the contract!
The repo can be found here: https://github.com/TraylorBoy/ShadowGas
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