An arbitrage bot that searches for profitable 1inch limit orders and closes them using DY/DX flash loans and 1inch.exchange Swagger API
Example
The bot will scan new orders coming from the 0x platform using their API, and then 1Inch API will be used to swap between 2 tokens where there is a potential profitable arbitrage. The bot will use dYdX Flash Loan
If you see limit order of swapping M XXX tokens to N YYY tokens try to:
Flash borrow N YYY tokens somewhere (optional, you can just use own funds)
Fill the order and get M XXX tokens
Swap M XXX orders to YYY tokens
Repay N YYY tokens flash loan (optional, you can just use own funds)
Get the rest, take gas fees into account to make profitable transactions.
Everybody in the Top 50 of the monthly Highest Organic Volume Trade ratings will get rewards in 1INCH.
The reward will be calculated as:
100 point = 1 1INCH
This simple formula makes it easier to fairly evaluate both the work required and the accuracy of Trading Volume . Every month, the accumulated points balance will be reset and the competition will restart with a clean slate.
Additionally, the monthly rewards for the top 10 will be multiplied by coefficients based on the ratings:
1st place = 10x
2nd place = 5x
3rd place = 3x
4-10th place = 2x
Unlike in the previous system, there is no upper limit for rewards. The more Trading Volume , The higher the potential reward for the month.
The coefficients and rewards may be updated based on the quantity of Top-grade Traders & the quality of their Trading Scenarios .
Making a Protocol that Routes your Deposits directly to a Best & Highest Yield on chain .
It reduces the pressure on users to find the Best Yield Opportunities with no sweat .
Itβs different from other online tools as they only show you the best yield but with 1inch Router we can not only find BEST & highest Yield Farms but can also make deposit/Withdraw within a single UI like 1inch does with Dexβs right now
This Router will contain Auto - Filter that will scan , rate & check any malicious Yield contracts & safeguard the users that are prone to scams . Rating Tier System will be deployed to counter scam projects that contain malicious code .
What Separates YRF from other is its capability of Highly efficient Routing Algo that scan Best Yields & then Deposits into Multiple High APY Pools at Once instead of just Rebalancing the assets from 1 pool to another
In short , This 1inch Router will provide Safety , Security & Comfort if youβre looking for Making Money Via Highest Yield on BSC , ETH & Polygon chains under 1 Place .
This Method can diversify & release the current sell pressure on 1INCH token & Bring Another Source for rewards generation which 1inch currently using to Boost Farms & Provide Gov users the APY
Current Method Buys 1inch Token from 7 - Day collected Fee Which is currently the Only Source .
How RSB will work ?
Assume If 1INCH can find best APY Highly Liquid Pools .
User Deposits
The smart contract receives the original deposit from the user and deposits it to e.g. PancakeSwap masterchef* [After 1INCH Scans through Best Yield + Highest Security Vault on Chain]
The rewards are automatically claimed & converted to $1INCH/$one1INCH rewards;
These rewards will be collected & will be deposited in RSB pool,
The RSB pool will emit rewards to various $1INCH Ls , DFC or Even to Governance Staking once a month / Week .
This is Separate from Governance/Farming Rewards .
Itβs More like Boosting the Current APYs if they go very low or can be used for rewarding 1inch Users etc. The UseCases are Immense .
How it Will Benefit 1inch Token ?
The RSB actually increase the value of $1INCH constantly. By converting the staked token into $1INCH, it endlessly adds buying pressure. The more TVL the RSB Vault accumulates , the Better your $1INCH Rewards
Not all risks are equal, so opportunities usually are equilibrated by risk*profit. Those who can better estimate risks could earn more than others. Simple splitting volume among different opportunities is not the best solution IMHO.
Totally Agree , Risk & Profit are Directly Proportional to each other . But Itβs evident that some also like to play with such Risks or else we wonβt have people investing in Memecoins & Bogus Farming Pools popping out on daily basis .
Simple Put , weβre just staging a better Alternative . I think new people that join DEFI for making quick / decent money go blind when they see 2000% APR & they might loose sight of all the risks involved with that . 1INCH on other hand can tackle / might take a responsibility to avoid such complications by providing a platform that will Filter such Malacious Actors out of the DEFI sector .
Splitting theory can be related to something we say βDiversifying your risks or not putting all your eggs in 1 basketβ So instead of Pooling in just 1 We rooting their Investment into diff pools .
There are so many Legit Projects out there but people overlook them when they see 100% vs their 20% APY & forget about all risks associated with that decision of their sometimes . As 1inch is making DEFI better Iβm hoping we can help such users by giving them the best they can get by showing whatβs really bad & good .
This is just a Small Difference but can impact Lives
Because 1inch has the best router, why not provide it to users or holders who staking or hold 1inch? This is the best feedback to users, that is using 1inch products (aggregators)οΌ
As the Governance Snapshot is Already Deployed & Team Plans to Foster Full DAO Governance in near term it became very necessary that 1INCH Governance Builders/Stakers become Pro - Active in Voting .
Keeping in mind the very 1st purpose of 1INCH token in Governance , Itβs time that we put it in forefront of such .
Complete Any 2 out of 5 to claim your 1INCH Governance Reward
These Tasks Can be Customized by 1INCH team in accordance [ 2 task must not incur any Gas ]
Tasks must be completed in order to Claim Governance Rewards if not a βTime Decayβ Will be deployed , if completes , will then redistribute that governance reward back to other Stakers or to a Separate contract .
βTime Decayβ is either Set by Governance Vote or by team
As Snapshot Voting is something that doesnβt Incur any gas fee , if it can be made compulsory to a point Until 1INCH snapshot votings start gaining Req. quorum
Need :
Itβs with the Urgent Need that Governance Sole Purpose must be Fulfilled if 1INCH wants to achieve a True Governance Model & The Time starts NOW β¦
Think this would also be useful in the other direction β multiple coins to a single coin. For example, ran into the issue today where I had some BUSD and some USDT and wanted to buy 1INCH, but didnβt know which of the following trades would give me the best execution:
USDT β BUSD; BUSD β 1INCH
BUSD β USDT; USDT β 1INCH
USDT β 1INCH; BUSD β 1INCH
This can also be extended to non-stablecoins, allowing you to trade WETH and AAVE for 1INCH (for example) in a single click.
Check these Youtube AMAAMA2 Clips . I included Exact timestamps
Sergej Said a Special Interface Can be Build for Such Swaps to Multi to Multi swaps in 1 txn.
Anton even said a Highly Efficient solution With Almost Negligible Gas costs from many to 1 swaps
Insta Click Multi - Coin Conversion - | IMC |Jump intended to do that exactly .
Considering that the current LOP canβt be closed normally, it may be necessary to meet 100% of the normal transaction LOP first.
People always complain, why didnβt my LOP close?
Why donβt we think about LOP?
For example, the liquidation of AAVE makes profits from the liquidation.
Profit from derivative transactions using LOP
and moreβ¦
