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almostkorean | 3 years ago
1. borrows a large amount of money
2. use the large amount of money to do arbitrage
3. pays back the large amount of money plus any fees
4. keep profits
and it does so "atomically", so if you can't repay the loan then the transaction fails and the whole thing never happened. or you could lose money if the transaction is successful but the trade is not profitable.like I said, I'm not an expert so someone correct me if I'm wrong
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