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Flashloan arb

Where to invest the surplus of funds
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Mystic
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Flashloan arb

Mon Sep 26, 2022 8:12 pm

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?
When You know how it works then You should know how to break it. 8)
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arbusers
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Re: Flashloan arb

Tue Sep 27, 2022 7:13 am

I ve been in this space for almost 20 years now, I have never heard of these terms before. Seems I am getting old.
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Re: Flashloan arb

Wed Sep 28, 2022 11:38 am

arbusers wrote:
Tue Sep 27, 2022 7:13 am
I ve been in this space for almost 20 years now, I have never heard of these terms before. Seems I am getting old.
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. 8)

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