> After securing the flash loan, the bot employed it to deposit funds on Aave, a decentralized lending platform. It again borrowed a relatively small sum of $2,300 in Wrapped Ether (WETH) against the deposits, Arkham said. WETH, an ERC-20 token that can be used in smart contracts and is equivalent to Ethereum in price, was subsequently utilized to purchase Threshold Network (T) tokens on the Curve exchange.
> Upon completing the arbitrage loop, the bot sold the Threshold Network tokens on the Balancer exchange, generating a gain of 0.019 ETH,
Can someone explain this to me; it seems like all the profit came from the $2,300 worth if WETH. Why did it borrow $200M?
Also how can this bot ensure all of those transactions happen within the same block?
> Upon completing the arbitrage loop, the bot sold the Threshold Network tokens on the Balancer exchange, generating a gain of 0.019 ETH,
Can someone explain this to me; it seems like all the profit came from the $2,300 worth if WETH. Why did it borrow $200M? Also how can this bot ensure all of those transactions happen within the same block?