https://github.com/anish-agnihotri/punk-nftx-meebit-arb
Quick & dirty NFTX arbitrage contracts, via flash loan, to exploit Meebit redemption.
https://github.com/anish-agnihotri/punk-nftx-meebit-arb
aave flash-loan meebit nftx sushiswap
Last synced: 16 days ago
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Quick & dirty NFTX arbitrage contracts, via flash loan, to exploit Meebit redemption.
- Host: GitHub
- URL: https://github.com/anish-agnihotri/punk-nftx-meebit-arb
- Owner: Anish-Agnihotri
- Created: 2021-05-04T03:38:25.000Z (almost 4 years ago)
- Default Branch: master
- Last Pushed: 2021-05-09T02:56:41.000Z (almost 4 years ago)
- Last Synced: 2025-03-17T11:11:14.825Z (about 1 month ago)
- Topics: aave, flash-loan, meebit, nftx, sushiswap
- Language: Solidity
- Homepage:
- Size: 138 KB
- Stars: 263
- Watchers: 8
- Forks: 45
- Open Issues: 1
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Metadata Files:
- Readme: README.md
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README
# punk-nftx-meebit-arb
1. Flash loan ETH
2. Swap for [NFTX](https://github.com/NFTX-project/x-contracts) PUNK-BASIC on SushiSwap
3. Redeem PUNK-BASIC for punk, claim [Meebit](https://meebits.larvalabs.com/) 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](https://uniswap.org/docs/v2/core-concepts/flash-swaps/) to remove entire PUNK-BASIC resrrve in (1/2)