DeFi Bot Tutorial for DyDx liquidations
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- Опубликовано: 11 сен 2024
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In this tutorial I show how everyone, even non-coders, can run their own DyDx liquidation bot, and create their stream of passive on the Blockchain.
Links:
DyDx exchange: trade.dydx.exc...
DyDx liquidation bot: github.com/dyd...
Infura: infura.io
Digital Ocean: www.digitaloce...
There is high probability a second big crash will happens ( tether bomb and/or covid second wave ). This content is a gem to make money on stable coins while waiting for the crash.
I personally prefer usdc over dai and for your safety never stay too long with usdt.
interesting perspective :) lets hope the second wave will be under control...
you really haven't been paying attention then, there's been 3 big crashes since march. the latest was august 20th
From watching your video and step-by-step guide you seem to be a good developer and good trainer too. Keep up the good work! Already liked and subscribed to your video!
Welcome to the channel :)
great walk-through! one thing to add is that when entering the private key in the docker command statement, make sure to include a '0x' in front (as per the dydx github readme instructions)
Just what I was looking for thanks Julien!.
Most DeFi protocols are Ethereum based and the recent surge in ETH transactions means you have to watch out for the gas prices. Given the number of users that are eager to participate in several DeFi projects, you should expect the gas prices to go up. Careful planning of your trading strategy can save you some Ethereum in fees.
You can make use of an exchange like Anyswap that is known for its low fees, which are 100000 times lower than what is obtainable in the market. You can also keep track of gas prices using the ETH Gas Station.
www.newsbtc.com/press-releases/the-10-must-read-defi-trading-tips/
Another awesome video Julien! I think it's important to set up a local Ethereum node then..
Thanks for this video. Regular people like me really need these kind of tutorials.
I'm tuned... Great video!
Is it possible to create bot that detect and trade the defi's token when it launch at first millisecond? I found that most of them give the trader at least 3x profit in minutes timeframe manner (if not seconds). If you found this please create the course and I'm sure the first customer of yours.
Absolutely incredible tutorial. Greatly appreciate the content. Wish I could like this video 100 times. Thank you!! 🙏
Wow, thanks!
You will end up unliking this vid when you like this vid 100 times loll
Hi julien, thank you for this great content! Do you think flashloan, arbitrag and liquidation is still profitable right now? I guess you would need a lot of initial capital right?
I have the same question
Hello, thank you very much for you very usefull information. From November 1, 2021(dYdX Solo(Layer1) is down), this bot do not work or still work on L2?
if v1 is deprecated it is possible that this is no longer working
has someone managed to integrate flashloans and liquidations together?
This is pure gold !
thx!
Hey Julien, thank you for this excellent video. At the end of it you mention another video that you did regarding how to optimize the setup by putting the bot on the same server than an ether node. Can you just give the link of this video? thanks again
Here you go: ruclips.net/video/ydnfquXFlWA/видео.html
how can you use this bot with flash loans from aave?
Funny, 2 min in I thought... what about using a flash loan to pick up big liquidations. Sure many are using.
yes its one of the main use case :)
Your probably an extremely busy guy but it would be interesting to hear from you if this is still profitable in 2021 for the "little guys", someone just copying your video and making their own bot. Probably not for the little guys cause I've heard this has become an extremely sophisticated area in DeFi. I am super curious just to see how it works so I may secure some funds/crypto to deploy this anyways. Good practice I guess.
Thanx for usefull video!!! 🌶️
More like this is more than wellcome!
Great content!
@EatTheBlocks Is there a way to use flashloans to liquidate?
2 years later, is it still profitable to do this?
How do I connect to my Own ethereum node using this bot ? I have tried multiple times but shows error fail to connect but the URL I have is ipc end point
Please advise me thanks
Hello@ Thanks for your video!
How can I make this bot to work with my ethereum node locally? Through ipc?
Thank you.
Hello, if another nod is already running on the vps, can I run this nod alongside it?
Is there an update due to the liquidation not being DEPRECATED?
Thank you for the video! Why do you use wrapped eth. I cant see nothing about weth on dydx, just eth?
Can somebody help me out. What is said at 2:44. His accent is very strong there and I’m having a hard time understanding that one phrase.
Very helpful, thanks 👍
Hi Julien! thanks 4 the video i already subscribed to your channel and I liked your video! just a question to run a liquidation bot on aave is similar?
Hey Mike I have no idea :( You ll have to research if Aave has an official liquidation bot (they may not...). But the general idea is similar: a script that runs 24/7 to see if they are liquidation opportunities.
Great video. Where do you explain how to encorporate flashloans into liquidations? Thanks
Great suggestions!
Still valid? Says deprecated on the github link
no
great content
this still works in 2022?
Great tutorial
Thank you! Cheers!
Is there a way to stake with a flashloan? This should be risk free or not?
no
great channel stellar work. do you know if the liquidator bot works on layer 2?
thanks! no I dont know
cool
does this stuff stil work? there must be a lot of competition by now..
The whole platform looks different now
I'm not able to enroll 😭
Sir, do you have a course on how to combine this bot with flash loans? Thank you
No, but I do have a course on flashloan arbitrage here:
eattheblocks-pro.teachable.com/p/profitable-flashloans
@@EatTheBlocks thank you. I am taking this 100%. If this won’t cover how to integrate flash loan with the liquidation bot would you be able to create a short video about it? I am willing to pay the same amount as for the course. Thank you
this still works in 2021?
the background music really drives me crazy
so you go through this whole speech about how you use SSH keys because it's "more secure" than a password, but then you say to give them your private key, which completely eliminates all security. Care to elaborate on that?
"give them your private key" => No, you don't give your private key to anybody. The private key is on the machine that runs the bot, i.e a machine that you control.
1 Eth = 385 USD? I wish :(
385 EUR eth what a dream hahaha
Hey EatTheBlock wondering if you could help i keep getting an error message:
Starting in env undefined
2020-11-06 09:43:30 [error]: {
"at": "web3#loadAccounts",
"message": "Owner private key does not match address",
the solo & perp address isn't mine should these be different to private key & eth address?
I'm having the same problem did you resolve the issue?
@@leonlatouche4289 nah, it worked once intially as my eth node had 10 transaction attempts but prior to that i couldn't tell it was working and stopped the bot then couldn't get it working. I've heard that you need a fair sum of capital to make the liquidators bot work proficiently.
I've been testing out DYDX just using margin trades and you gotta pay so much on fees you need +6% Profit to offset any claim position without closing at a loss.
@@theCreepyFriendly ahhhh ok thanks for letting me know, I'll abandon this avenue for now I've been trying to find a flash loan trading bot but it looks like i might have to learn to code it myself on the plus side i have plenty of time on my hands so I'd better start learning Solidity.
@@leonlatouche4289 wishing you a prosperous journey ahead.
Your private key must start with "0x", and then it should work.
When he told that 1k DAI is a small amount, i started seeing this as a scam system.
why? how would that make you think DAI a scam?
@@skeleskele why you think im saying DAI is scam?
@@infraurbana because you said DAI?
@@skeleskele read it until you understand the sentence.
Crap, I'm seeing this video a day too late :|
Me too
Great content!
thx!