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Interest Carry-Trade Arbitrageur

Automated token carry swap bot 🤖 exploits interest rate 💰 differentials 24/7

Screenshots

Interest Carry-Trade Arbitrageur screenshot 1
Interest Carry-Trade Arbitrageur screenshot 2
Interest Carry-Trade Arbitrageur screenshot 3
Interest Carry-Trade Arbitrageur screenshot 4

Problem Statement

Automated token carry swap bot looks for interest rate differentials between lending / borrowing order pairs on Secured FinanceIt 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)

Solution

Technology:ethers.js to connect with the blockchainTypescriptNodeJSSmart contract ABIs from Secured FinanceBinance API for price fetchingArchitecture:Bot script that can be run in a cron job, listen mempool to run front-run attacksBackend botOur backend stack depends on the sponsor's technology

Hackathon

ETHGlobal Tokyo

2024

Prizes

  • 🏆

    💸 Secured Finance — Top DeFi Award

  • 🏆

    🌐 Hyperlane — Best Interchain Security Modules

Contributors