Hi, my name is @Zenanzii, and I’m a $MEME (@Memecoin) farmer at @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾
Hi, my name is @Zenanzii, and I’m a $MEME (@Memecoin) farmer at @Memeland.
On my honor, I promise that I will do my best to do my duty to my own bag, and to farm #MEMEPOINTS at all times.
It ain’t much, but it’s honest work. 🧑🌾
👋 Excuse me Sir/Madam, do you have a moment to talk about @GMShowofficial? GM Show is the biggest English-language web3 show in Asia. It’s a proud production by @Memeland, yes, the same company behind the useless $MEME (@Memecoin).
Arbitraging the DeFi Wild West for 6000 ETH (~$11M) at @JPEGd_69
Another Flash Loan + Arbitrage Exploit.
Let me walk you through this (Refer to the image below):
-- The exploiter took an 80,000 $WETH flash loan from @Balancer.
-- They provided 32,431 WETH as liquidity to Curve and received pETH-ETH LP tokens.
-- More WETH was provided to Curve, minting 82,182 more LP tokens.
-- 3,740 pETH was withdrawn by removing some Curve liquidity.
-- The initial 32,431 Curve LP tokens were burned to remove that liquidity.
-- Another 1,184 pETH was withdrawn by burning more Curve LP tokens.
-- The exploiter then exploited the price difference between $pETH and $WETH on the JPEG'd protocol.
-- 4,924 pETH was swapped for 4,285 WETH using JPEG'd's exchange.
-- 80,000 WETH repaid to Balancer to return the flash loan.
-- Subsequently, 6,106 WETH ~$11 million was retained as profit.