Triangular arbitrage with flash loan on multiple exchanges cryptocurrency
Budget: $750 – $1,500 CAD
I am look to put together a team to build a smart contract bot that will run continuously. Once completed and operational the code will be shared with the team, not for distribution. We can then run one instance and profit share, or for a fee you can opt out and be paid for your time.
The Goal: 1 Smart contract that will troll 6-8 exchanges, looking for price differences of the same coin/token.
Once identified it will execute a flash loan/swap pick up the coin on the less expensive exchange then through an api sell it at on the higher one, through optimistic transfer if the trade is not profitable by a certain percentage then it fails, like an error or a bug in the programming . Sounds simple right?
Well there are numerous obstacles to overcome and this is why I propose a team. Not working around the clock but everyone writing their section so no one person has the whole thing, once everyone is done with their part, they trade it randomly with another team member to ensure nothing Nefarious is written in. Then when complete we will video call and spend one day deploying, testing, tinkering, and fingers crossed successfully have our bot making substantial profits…
So, the reason for the opt out option would be that you would get bought out at a 1 month profit, one time payment. You cannot take the work with you as it will be proprietary at this point.
One wallet will be created, once gains are returned to the wallet, the auto distribution kicks in and profits split equally.
Q:Why do I want a team and not just hire one person?
A:This trading method is used in traditional finance but differently. So, I am well aware of the massive, absolutely staggering amount of money this could potentially generate if implemented properly and all the hurdles are overcome. With a team, there is safety in numbers. The act of no one person having full access means someone’s personal wallet won’t be snuck in there somewhere. (Like built in skimming). Furthermore, it is a lot of work to set up and connect multiple APIs to various exchanges. Tweaking to overcome slippage, gas fees, lag, trading fees, or incorrect data will require people with different expertise to ensure our winning team and our auto money printer continues to even out the markets.
Right I mentioned Triangular, this is technical but the goal eventually, however traditional arbitrage is a good place to start, the triangular function can be built in later.
To appease the freelancer website your 1st payout will run through freelancer.
I believe 4 is the magic number… I am looking for 4 innovative and savvy devs. If that’s you and you want a passive and sustainable income for…. ever basically, then drop me a line and I will send you a challenge.
All other externalities will be taken care of. You must simply make it work.
The Goal: 1 Smart contract that will troll 6-8 exchanges, looking for price differences of the same coin/token.
Once identified it will execute a flash loan/swap pick up the coin on the less expensive exchange then through an api sell it at on the higher one, through optimistic transfer if the trade is not profitable by a certain percentage then it fails, like an error or a bug in the programming . Sounds simple right?
Well there are numerous obstacles to overcome and this is why I propose a team. Not working around the clock but everyone writing their section so no one person has the whole thing, once everyone is done with their part, they trade it randomly with another team member to ensure nothing Nefarious is written in. Then when complete we will video call and spend one day deploying, testing, tinkering, and fingers crossed successfully have our bot making substantial profits…
So, the reason for the opt out option would be that you would get bought out at a 1 month profit, one time payment. You cannot take the work with you as it will be proprietary at this point.
One wallet will be created, once gains are returned to the wallet, the auto distribution kicks in and profits split equally.
Q:Why do I want a team and not just hire one person?
A:This trading method is used in traditional finance but differently. So, I am well aware of the massive, absolutely staggering amount of money this could potentially generate if implemented properly and all the hurdles are overcome. With a team, there is safety in numbers. The act of no one person having full access means someone’s personal wallet won’t be snuck in there somewhere. (Like built in skimming). Furthermore, it is a lot of work to set up and connect multiple APIs to various exchanges. Tweaking to overcome slippage, gas fees, lag, trading fees, or incorrect data will require people with different expertise to ensure our winning team and our auto money printer continues to even out the markets.
Right I mentioned Triangular, this is technical but the goal eventually, however traditional arbitrage is a good place to start, the triangular function can be built in later.
To appease the freelancer website your 1st payout will run through freelancer.
I believe 4 is the magic number… I am looking for 4 innovative and savvy devs. If that’s you and you want a passive and sustainable income for…. ever basically, then drop me a line and I will send you a challenge.
All other externalities will be taken care of. You must simply make it work.
Related categories:
Business, Accounting, Human Resources & Legal
Python
Blockchain
Solidity
Smart Contracts