/punk-nftx-meebit-arb

Quick & dirty NFTX arbitrage contracts, via flash loan, to exploit Meebit redemption.

Primary LanguageSolidity

punk-nftx-meebit-arb

  1. Flash loan ETH
  2. Swap for NFTX PUNK-BASIC on SushiSwap
  3. Redeem PUNK-BASIC for punk, claim Meebit for punks that have available redemption (revert on failure), return punk to NFTX
  4. Random punk returned each claim. Repeat to claim a Meebit for each availble fund punk.
  5. Sell PUNK-BASIC on @SushiSwap, return ETH

Exit liquidity: immediate sale at Meebit price floor, NFTX tokenization, chance for better outcome.

Alternative: Optimize by using a Flash Swap to remove entire PUNK-BASIC resrrve in (1/2)