Downstream effect, part 2: With these atomic arbitrage opportunities available, it makes sense not to own inventory in these assets:
- the opportunity cost of holding them instead of lending, and
- price risk for holding non-major tokens.
A unique crypto thing to bypass this is to use flash loans. Since this past week, JupLend has seen a massive increase in reverts, entirely driven by users attempting flash loan atomic arb.
The logic is: flash loan me X amount of tokens, attempt cyclic arbitrage through certain pools, if I'm not in profit, revert the transaction.
As you can see below, this is exactly what happens
User receives 3.9997 SOL from a Jupiter Lend flash loan
- Swaps on Humidifi, SOL -> USDC
- Swaps on SolFi, USDC -> USDT
- Swaps on Aquifer to form the cycle, USDT -> WSOL
However, at the end, they received 3.9987 SOL, less than the 3.9997 SOL they flash loaned, so they revert the tx.
The cost of running the EVM chain, in terms of the external services cost needed, from Gnosis Chain:
- Etherscan $400k/year (other chains quote $1M/year)
- Tenderly $100/year
- Dune $20/year
- Server costs: $600k/year
From Gnosis DAO $35M budget allocation
https://t.co/hU3udMhFNi
We put 3face's entire bot inside TDX to trustlessly capture bottom-of-block arbitrages on rsync-builder without frontrunning risks. No code changes, 440 bundles landed.
Introducing the first evolution of searching in TDX: bob
https://t.co/zxVFmTJ1tD
@TenArmorAlert@four_meme_ Lol, devs learned a lesson from the previous exploit and assumed that with token transfer disabled, no one would be able to create a V2 pair before launch. 😂 However, the attacker taught them another lesson about CREATE2. 😆 get some serious audits please!
"Insane. It's crazy, crazy."
Kevin Durant on mega Luka Doncic-Anthony Davis trade.
"Players are held to a different standard of loyalty and commitment to a program but the organizations don't get held to that same standard from the outside."
On teams following suit before Feb. 6 trade deadline: "For sure. You start seeing stuff like that, as an organization, you might get a little more courage to do some stuff. You see another team trade away somebody like that. This got to be the biggest trade I've seen since I've been in the league or since I've been watching the sport. This is insane. So yeah, every other team might get confidence and say fuck it, I'll trade a few of my top players if this ain't working." #Suns
BREAKING: The Dallas Mavericks are trading Luka Doncic, Maxi Kleber and Markieff Morris to the Los Angeles Lakers for Anthony Davis, Max Christie and a 2029 first-round pick, sources tell ESPN. Three-team deal that includes Utah.
BREAKING: The Dallas Mavericks are trading Luka Doncic, Maxi Kleber and Markieff Morris to the Los Angeles Lakers for Anthony Davis, Max Christie and a 2029 first-round pick, sources tell ESPN. Three-team deal that includes Utah.
I am 🤯amazed by his writing skill
-such a really great article for beginners
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-great article to understand LLM's