Is it possible to profit off of flashloans?
Is it possible to profit off of flashloans?
I know it may sound stupid for anybody that has watched those videos on YouTube where they’re “teaching” you how to do it but never get the actual profit.
Yes, Im drawn to the topic because with the illusion of “easy money”, but I actually think that it might work for some reason. Also, almost everything people are attracted to in the market is because it looks like easy money in the begging. After some time they realize it’s not so easy, but doable. This is what Im trying to reach here.
Id love to hear from anybody with an experience on the subject.
Possible yes. But you need a liquidation market, ie you use a flashloan to buy out someone who got liquidated and you get a 5-10% discount for being the liquidator. I know someone who wrote a bot to do this, grabbing flash loans and buying out other folks loans. He made 600k in a year and then the market was full of bots trying to compete. Makes no money now, good luck!