- owner: The person/wallet who will be performing the arbitrage of funds. Earns a configurable % of profits.
- user: The perso/wallet that supplies the funds that will be arbitraged.
- The owner instantiates the contract, supplying an address for the user.
- The user whitelists specific addresses that the owner will be able to interact with - most likely, these should be exchange addresses. (Note: until the contract has been 'locked', the owner can supply these as well).
- The user configures the list of Cw20 addresses & denoms that will be arbitraged with - these should be currencies that are all considered to have essentially equivalent value, such as Luna/bLuna/cLuna.
- The user 'locks' the contract. This prevents the owner from making further configuration changes, securing the user's funds.
- The user deposits funds into the contract. The amount of funds deposited is kept track of.
- The owner can now, from their own wallet, send tokens/messages/Cw20ExecuteMsg's to the smart contract that will be forwarded on accordingly. This gives the owner the ability to freely interact with the wallet's funds, but only with the whitelisted addresses.
- At any time, the owner or user can withdraw funds. The owner receives a % of the profit that has been made (default 20%). The rest of the funds are withdrawable by the user.
- In its current state, the owner must pay gas fees for the arbitrage trades. Assuming a profitable strategy, this should be less than the 20% commission, but I might consider creating a FeeGrant that allows the owner to use the funds stored in the contract itself.
NOTE: I probably should have flipped the naming of user/owner as I think the current naming scheme feels backwards.