Bot Flash Loaned $200 Million DAI, Profiting Just $3.24 After Fees
A bot took advantage of MakerDAO's "DssFlash" contract to flash loan $200 million worth of DAI on Wednesday, making a $3.24 profit after transaction fees. The bot borrowed the DAI and supplied it to the Aave DAI market, borrowing WETH against it. The WETH was then used to buy Threshold Network (T) on Curve and sold on Balancer, resulting in a total profit of $33 before fees.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bot Flash Loaned $200 Million DAI, Profiting Just $3.24 After Fees
A bot took advantage of MakerDAO's "DssFlash" contract to flash loan $200 million worth of DAI on Wednesday, making a $3.24 profit after transaction fees. The bot borrowed the DAI and supplied it to the Aave DAI market, borrowing WETH against it. The WETH was then used to buy Threshold Network (T) on Curve and sold on Balancer, resulting in a total profit of $33 before fees.