mmnavarr/mev-magic

MEV Magic

A project to play with Rust in Ethereum. Goal is to pull all withdraw events from the $MAGIC Atlas Mine. The Atlas Mine has 2w/4w/3m/6m/1y lock ups to farm $MAGIC. Some holders have substantial amounts locked up. The goal is to see if there is any MEV to be had by backrunning the withdraw events with sell orders knowing the price movement is probably going to be negatively impacted.

Quick Start

• Get a node from QuickNode as they have a free websocket option or you can run your own node.
• Import your EOA priv key for the bot to execute transactions.
• For testing, run cargo run
• For production, run cargo run --release

Magic Unlock Backrun Strategy

Back Test Strategy:

1. Watch for withdraw events from the Atlas Mine contract 0x1EAb8B6B2f73239B01B20CAB5C2c9B7E80ac7743
2. Compute $MAGIC price delta from time of event and 5 minutes later
3. Tally positive and negative deltas and the mean difference
   1. With prices generally trending down, how can we best determine the price impact of unlocked magic?
4. Determine if it is probable that large withdrawls have negative price movement
   1. If so, the strategy would be to backrun the withdrawl with a sell swap and buy back in after some set time intetval

Mempool Monitoring Example

---------- MONITORING MEMPOOL ----------
Transaction: Transaction {
    hash: 0xcb3647deb3b7ada364a6643752bf9243b27e84cea78cc0010d26fa3ae52b5e13,
    nonce: 22387,
    block_hash: None,
    block_number: None,
    transaction_index: None,
    from: 0xe88102f2900483c63d0adcdaf4839c2759949de6,
    to: Some(
        0x16327e3fbdaca3bcf7e38f5af2599d2ddc33ae52,
    ),
    value: 9024569904524523678,
    gas_price: Some(
        120000000000,
    ),
    gas: 1000000,
    input: Bytes(
        b"\x7f\xf3j\xb5\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\x10\xbbdEK\xa0[\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\x80\0\0\0\0\0\0\0\0\0\0\0\0\xe8\x81\x02\xf2\x90\x04\x83\xc6=\n\xdc\xda\xf4\x83\x9c'Y\x94\x9d\xe6\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\x02\xf0\\\x10\xa0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\0\x02\0\0\0\0\0\0\0\0\0\0\0\0!\xbe7\rS\x12\xf4L\xb4,\xe3w\xbc\x9b\x8a\x0c\xef\x1aL\x83\0\0\0\0\0\0\0\0\0\0\0\0\xbeAw%\x87\x87*\x92\x18Hs\xd5[\t\xc6\xbboY\xf8\x95",
    ),
    v: 535,
    r: 44692797049587778392645963656820336298473713424700451186489839760496971858835,
    s: 36641529939556041694165250732768051817286656083457538183752182129357071704354,
    transaction_type: Some(
        0,
    ),
    access_list: None,
    max_priority_fee_per_gas: None,
    max_fee_per_gas: None,
    chain_id: None,
    other: OtherFields {
        inner: {},
    },
}

Inspiration

DeGatchi wrote an article How To Build A MEV Bot that explains the overall architecture you need to think of to build a bot - from getting a strategy and fetching data to general tips on design structure (that you most likely wont find anywhere else).