Interest Carry-Trade Arbitrageur
Automated token carry swap bot 🤖 exploits interest rate 💰 differentials 24/7
Interest Carry-Trade Arbitrageur
Created At
ETHGlobal Tokyo
Winner of
💸 Secured Finance — Top DeFi Award
🌐 Hyperlane — Best Interchain Security Modules
Project Description
Automated token carry swap bot looks for interest rate differentials between lending / borrowing order pairs on Secured Finance
It creates a strategy to maximise interest rate differentials, then executes it by borrowing token X, swapping it and lending token Y for a higher yield (APR)
How it's Made
Technology:
- ethers.js to connect with the blockchain
- Typescript
- NodeJS
- Smart contract ABIs from Secured Finance
- Binance API for price fetching
Architecture:
- Bot script that can be run in a cron job, listen mempool to run front-run attacks
- Backend bot
Our backend stack depends on the sponsor's technology
