My crypto journey has been a wild west and roller coaster for the entire year 2022. Nevertheless, it is important to try to build on the network you trusted.
Thus, I had ventured into programming my first flashloan. The journey is wild, time and money consuming. Spent about 6 months to learn and try and error and troubleshoot most of the problem with online resource. Finally, I am able to take my first profit from flashloan execution.
The profit is about 2 Sen USDC. It is nothing much, due to the network I had selected is on Aurora Network. The reason for choosing this network is due to:
- 50 free transactions offer by Aurora Plus, which I can battle test my solidity code without wasting gas fee.
- It is a new network, the competition are fewer to compete on the same arbitrage opportunities.
After battle tested, I would like to highlight the key for deploying a successful flashloan.
- Migrate to a network with higher traded volume. This can be found in Defilama.
- Choose a low gas fee network that can mimic the successful flashloan such as on Polygon network or BSC.
- Layout the gameplan, moving up the ladder toward Ethereum network where the most of the Defi activities happens.
- Finally, continue to build until bull market return. which will increase onchain activities.
Above are the brief strategy, drop me a comment if you would like to know how I code it!
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