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Flash loans have been created about 12 months ago.
It's a new concept.

Ethereum trading Bot
for DeFi Flashloans

Basically a Smart Contract allows your Bot to borrow
millions of dollars worth of whatever crypto coin
you choose and generate profit from it.

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Here's the catch:

After Bot borrow loans money, Bot must re-pay it back to the same Smart Contract that gave him the loan... in the same transaction ! That means between getting the loan and repaying it, Bot only have a few seconds.
Those seconds are extremely valuable and they allow Bot to do pretty much whatever want with the money. For instance:
Let's say you saw the pair ETH-DAI trading at 200 in exchange X while at the same time, you can sell ETH-DAI for 300 dollars in another exchange.
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There's an arbitrage oportunity there:

Buy as many ETH as you can from exchange X and sell them to exchange Z for a 100 dollar (or DAI) profit for every ETH you buy.
Traditionally you had to use your own money to buy that ETH and sell it for a profit..

But that's why there is a Bot that is pre-configured.
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The only rule is:

Bot must repay that money back in the same transaction.
However now you can use millions of dollars from other people with flash loans to borrow enless ETH and make a HUGE profit.
That means there's a 0% risk of you losing money. You literally can't. In code, flash loans are just a function from a specific contract. What you do is deploy a new contract that executes trades between the time you get the flash loan and the time you repay it back.
If for whatever reason something go some wrong assumptions and Bot can't repay that money back, the entire execution will fail and nobody will lose money.

The Smart Contract that allows flash loans will revert and it will be like nothing happened.
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That's why it's so safe

Bot creating a custom function to combine all the transactions into one. And the best thing is that you get the loan any time, by anyone, without restrictions. It just works !

Our task is Creating Bots that automate the money making process to:

- Find price discrepancies between exchanges (arbitrage opportunities)
- Generate a flash loan to buy low and sell high in MASSIVE quantities
- Profiting from balancing the prices with your code
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How much do I invest?

Your invest in the range of
$ 750 - $ 1250- $ 1500 - $ 5000.
If you want a bigger profit between currencies choose a more expensive option for design Smart Contract and Bot setting.

How much do I get?

Profits can range from $ 2500 -
$ 25,000 - $ 150,000 - $ 950,000
or more depending on the differences in the prices of coins on different stock exchanges and your range investment.
You get the difference in arbitrage coin which depends on the amount borrowed.

 

What is TriangularBot?
How does it work Flashloans ?

Defining Aave

Built on the Ethereum blockchain, Aave is a set of programmable smart contracts that provides both humans and other smart contracts access to a permissionless source of on-chain liquidity.
Like any good money market, Aave connects lenders who want to earn a passive income with borrowers who need to borrow working capital.
Importantly, the enforcement of the market’s rules is not performed by a centralized entity, but instead, programmatic code which is governed by a decentralized community with financial skin in the game (AAVE token holders).

What is Flashloan?

Flash Loans are the first uncollateralized loan option in DeFi! Designed for developers, Flash Loans enable you to borrow instantly and easily, no collateral needed provided that the liquidity is returned to the pool within one transaction block.
If this does not happen, the whole transaction is reversed to effectively undo the actions executed until that point. This guarantees the safety of the funds in the reserve pool. Use-cases include arbitrage, collateral swapping, self-liquidation, and many more.
Flash Loans are introduced by the Aave, an open-source lending protocol for anyone to deposit and borrow cryptographic assets.
Essentially, flashloans let users borrow any amount up to the total liquidity available without any collateral, so long as the loan is repaid in the same transaction.
If the loan is not repaid, the whole transaction will be reverted. With flashloan anyone can access a massive amount of liquidity, and use the loan with other protocols however they want.
You can become a ‘whale’ without any capital.
Flash loans have a 0.09% fee on the interest-generating protocol Aave. It requires a minimum of three operations:
1) borrow on Aave,
2) swap on a decentralized exchange, and
3) arbitrage swap on another decentralized exchange to realize profit. Flash loans must be paid back in the same asset you borrowed. If you borrow Dai, you need to pay your loan back in Dai.

How do flash loans work?

To better understand flash loans, one must understand the Ethereum blockchain, smart contracts, and the lending process.
Transactions on the Ethereum blockchain are conducted through peer-to-peer smart contracts. When one party/person wishes to conduct a transaction using a smart contract, the Ethereum network will use several smart contract “functions” to execute the transaction as quickly as possible.
Smart contracts are what allows flash loans to be executed. Through smart contract-based lending protocols, flash loans allow a borrower to receive ETH tokens and uphold the condition that the tokens must be repaid to the lender. You can borrow ETH or any supported ERC20 token through a flash loan.
While it’s previously stated that flash loans can be obtained without collateral, well…they need to be repaid within the next blockchain transaction, roughly 15 seconds. That’s the catch.

If either party does not uphold their side of the agreement, such as the borrower not having collateral to repay, the transaction fails, is rolled back, and the borrower only pays the gas fee.

Smart Contract

Primarily, Flash Loans are used for arbitrage trading opportunities.
Smart Contract can take a loan
out for one token and trade it on another platform with the asset listed for a higher price.
Smart Contract can also use flash loans to refinance loans on other lending protocols or swap collateral. There is a 0.3% fee for this service. Notably, this protocol became one of the core components of most yield farming systems in use today.

Crypto Arbitrage Bot

The crypto arbitrage bot is just one of many options available to investors to help maximize their performance. Cryptocurrency arbitrage bots operate on a specific set of rules. Ones that, by design, carry out automated trades with no need for interference from human users. All in all, they are a handy, not to mention powerful, tool in round-the-clock trading.
Traders have the ability to create strategies with the power to achieve profits consistently. With this, they can free themselves from the pain of directing a platform to perform identical processes over and over. However, a cryptocurrency arbitrage bot is different in that it makes hundreds or thousands of intricate decisions. And it can do so in the same timespan that the average human makes about one or two.
This type of trading is purely algorithm-based. What this means is that there are zero emotional issues present that could potentially disrupt it. All the bots do is execute their pre-set strategies as per requirement and they continuously do so.

Arbitrage trades

The most popular use case by far is Arbitrage trades. For those unfamiliar, arbitrage is the strategy of making a profit from price differences between different markets. To make a significant amount of profit, you will need substantial capital to get started. And this, is where the magic happens.
— We use flashloan to generate free money with no upfront cost.
Arbitrage trading, independent of flash loans or blockchain, is when you have the same asset with two different prices in two different exchanges.
For example, let’s look at two exchanges: Uniswap and Sushiswap. Sushiswap is a fork of Uniswap, which means they run on the same contract code. While they’re two different exchanges, we can use the same code to execute the same trade. Also, since Sushiswap is a newer exchange, there may be fewer bots written for it.
Arbitrage works like this: One ether is worth 80 Dai on Uniswap and 100 Dai on Sushiswap. We purchase 1 ETH on Uniswap and then immediately sell it on Sushiswap, for a profit of 20 Dai (minus gas and fees). This is a typical, profitable arbitrage trade.

Optimistic Transfer

Both flash loans and flash swaps employ a technique called optimistic transfer. This remarkable DeFi innovation allows a user to take uncollateralized loans or swaps and execute a trade as long as the user pays the service back by the end of the trade. To better understand this mind-bender, let’s take a look at some code. Here is the LendingPool.sol contract code from Aave (V1). We’re looking at the flashLoan function, specifically the following methods:

If flash loans are "no risk", why doesn't everyone do them?

- Because you have to have a big brain to route the flash loan and enough ETH to cover the gas costs which can be in the thousands of $$$ if the tx goes through. And if the transaction fails, you loose the gas, which might be a lot.

- Thank you. That's the piece I was missing. Given the "no risk" I've seen in some places, I was assuming that the gas fees only applied if it wasn't reverted and went through. Makes sense that there's still a gas fee since a revert operation is needed and some steps in the transaction may have occurred.

- Gas fees yes but also if you use flashloan for arbitrage you can get slippage on dex and the flashloan will cost more than profit.

It essentially is: Money on autopilot.

Money on autopilot.

Creating money for traders without doing nothing. (We set the Bot and Smart Contract and you pay once.)
Similar to high-frequency traders on Wall Street, these bots capitalize on DEX inabilities. Moreover, they exploit high transaction fees and the optimization of network latency to frontrun. In other words, they anticipate and ultimately exploit the DEX trades of ordinary users.

How paid fee and receives earnings ? (Anonymity)

Important:


- The bot sends the earnings on your wallet and at the same time we send you the bot activity report which is an official secret and you should not share it with anyone.
- The address with which you paid us will be the address to which Bot automatically transfers your earnings reduced for fees on all stock exchanges (0.03-0.09) and our earnings 10- 15% of the profit depending on your income we charge it in the second part of the fee payment.


Fee is paid in two parts.

Advance when selecting the package and then before you receive the earnings sent to your address.
- The second part must be paid from the same address from where the first part of the fee was paid to confirm the ownership of the crypto address.
- Therefore logging in to your account is just a formality and proof of ownership of your addresses is confirmed with double payment from the same crypto address.

Anonymity:

- If you suspect misuse of your data you can remain anonymous and you do not have to provide your data. You will not need an email address login and password.
- Earnings will automatically reach your crypto address which will be implemented in Bot and Smart Contract and you will only have to pay the second part of the fee from your crypto address with which you purchased the package.

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This is not about how much your Bot will cost you, but how much it will cost you if you do not have the Bot !?

It may happen that you give up and the next buyer gets your luck and Bot brings him a lot of money. We can't know what will happen on the stock exchange and what differences in prices at which Bot can find .. although we configure and set Smart Contract and Bot.

Sorry I am skeptic .. Can a simpler explanation for a flash loan?

Yes, visit more !

View more on FAQ

 

Cryptocurrency Prices by Coinlib