Check out my BEOS Same-T Fund on the Bitshares Blockchain! Flash loan 0.1% fee

Borrow some BEOS my Same-T Fund!

The BEOS:BTS gateway is back online! Thanks to the maintainers for sorting out the HTTPS certificate issue; thanks to these changes I was able to deposit some BEOS onto the Bitshares DEX and with it I created a low cost Same-T Fund for you to utilize on the BTS DEX!

This means you can borrow these BEOS tokens with no collateral, you'd then perform some market arbitrage with the borrowed funds and repay the same-t fund (with fee) within the same transaction, retaining the profit for yourself!

Fund ID	Fund account	Offering	Fee
1.20.28	nft.artist	4,200,000 BEOS	0.1%

How to access the funds stored in Same-T Funds?

You currently cannot construct Same-T Fund based operations within neither the reference UI nor the Astro UI yet, you'll need to use python or javascript to do so.

Perhaps in the future the Astro UI could support constructing multi-operation transaction chains which include borrowing/repaying same-t funds, however if you want to access these funds today you need to learn how to script, or as chatgpt for help doing so.

The operations in scope are as follows:

samet_fund_borrow - operation 67

{
      borrower: "1.2.x", // your bitshares account id
      fund_id: "1.20.28",
      borrow_amount: {
        amount: 1, // the amount you want to borrow, in blockchain number format
        asset_id: "1.3.4485"
      },
      extensions: {}
}

samet_fund_repay - operation 68

{
      account: "1.2.x", // your bitshares account id
      fund_id: "1.20.28",
      repay_amount: {
        amount: 1, // the exact amount you borrowed
        asset_id:  "1.3.4485"
      },
      fund_fee: {
        amount: 1, // the 0.1% fee you owe
        asset_id: "1.3.4485"
      },
      extensions: {}
}

Now, what's important to remember about Same-T Funds is that they require being repaid within the same transaction, so you must chain together your operations and broadcast them in the right order, in order for the same-t fund borrow action to broadcast fully onto the network.

What that'll look like is roughly as follows:

samet_fund_borrow
??? - buy/swap/borrow/earn/profit
samet_fund_repay

So, a same-t fund offers you the capital to fulfil arbitrage opportunities on the Bitshares blockchain with a much lower starting capital - you pay a small 0.1% borrow fee and the network operation broadcast fees and you get to keep the difference!

So, if you're interested in arbitrage bots, market making liquidity, high frequency trading, then get programming your Bitshares scripts to take full advantage of this new BEOS same-t fund on the Bitshares blockchain!

How do I make my own same-t fund?

The Bitshares Astro UI makes it very easy to create a same-t fund on the Bitshares blockchain!

Check out the announcement thread for a demonstration.

Creating this same-t fund took me a couple minutes max, about the same amount of time it took for the gateway funds to transfer from BEOS to BTS!

So, fancy borrowing from this same-t fund?

Want to make your own?

Comment below with your ideas for new same-t funds, or how to maximize their use on the Bitshares blockchain!

Cheers! :)