As an arbitrage bettor I guess You should know or at least heard about flashloan "attacks"...
First of all why are people call that "attack" or people that do that they are "hackers" and also for the money he got they say "he stole it"? LOL
Literally coding skills are required for that and knowledge about arbitrage...
Does anyone here did it successfully or at least tried it?
Flashloan arb
- Mystic
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Re: Flashloan arb
I ve been in this space for almost 20 years now, I have never heard of these terms before. Seems I am getting old.
- Mystic
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Re: Flashloan arb
I didn't mentioned it, it's related to crypto, basically loaning big amount of money with no collateral, doing arbitrage for profit and then returning the money (payback) with 0.09% (if You used AAVE protocol to borrow/loan money)
When You know how it works then You should know how to break it.