Mint Money in a Flash
With the advent of Flashloans introduced by @Aavesome, people with deep expertise of DeFi have been on the field cracking opportunities, to literally mine Gold.
There are hundreds of use cases of Flash loan depending on how big a nerd you are. Flash loans are getting integrated throughout the DeFi ecosystem with use cases like Arbitrage, Swap, Refinancing etc.
Arbitrage
Taking advantage of price differences between markets to make a profit is called Arbitrage. Using Flashloan, now anyone can utilize a massive amount of liquidity to arbitrage between multiple decentralized exchanges.
But it’s not that easy!!
- Identifying arb strategies requires an understanding of different aspects of dexes like Uniswap, Kyber, etc.
- Find arbs are transient and vaporize quickly.
- Executing Flashloans is crazy difficult for non-developers.
And due to its difficult implementation, Arbitrageurs have not been able to use flash loans except in special circumstances.
Building DeFI arbitrage strategies is a complex problem. It requires knowledge of the existing ecosystem, of how the EVM and Ethereum work, coding, and of the different arbitrage strategies that can be applied to the problem at hand. This restricts the number of actors that can exploit arbitrage opportunities, resulting in a less efficient market.
A No-Code DeFi arb builder featuring Aave Flashloans.
The recent emergence of no-code tools such as Webflow has shown that apps that empower users to create Custom Experiences which was previously restricted to programmers is a powerful paradigm.
DeFi needs it more than ever since with every new protocol it adds more noise for the users. Hence, with our motivation of building the best possible UX. And respecting user’s $en$e. We are…
Introducing Flashmint.
A drag and drop tool that empowers DeFi users to create, simulate, analyze, execute DeFi arbitrage trades. As a possible tool for financial inclusion, the platform takes a gamified and social approach to the problem, empowering new users to learn about DeFi and create value for themselves, and democratize this market in the process.
NoCode | NoRisk | NoCapital | NoLoss | NoLimit
Flashmint Dashboard Features:
1. Simulator
The core of our product is the Simulator. We envisioned it while reading the analysis of BzX attack in this Article.
Although, The analysis was a result of hours of research on the Attack. But it was represented through a table of balances, and summary.
We mirrored it to create a drag and drop tool where every player has its own canvas! User flow is,
- Identify the Arb
- Drag, and Drop the Protocols
- Enter the amounts
- Execute!
with no limit on no. of transactions and the trade amount.
While presenting a sleek UI, we have provided the best possible UX.
“Even a college grad/ poker fan without any knowledge of the DeFi protocols can play a hit and trial on our Simulator and start minting money, with the help of our product features. “
2. Scoreboard
Like in a bar, our table is no limits with a scoreboard. Even Noobs in Defi, can follow the top scorer’s profiles and communicate with them to learn how they are earning money. And keep playing hit and trial for that extra dopamine on the simulator without risking any capital.
3. Squawk Alley
We have used to discord widget to enable the Chat feature, allowing the players to communicate by staying on the app. Our intent is to enable a rich community of Flashminters, who will iteratively build an arb explorer to democratize this market and earn together.
Let’s KISS, and share your appreciations, trades to earn kudos in the community.
Website — https://flashmint.app/
Twitter — https://twitter.com/flashmintapp
Code — https://github.com/flashmintapp
