This was the most lucrative arbitrage since $GALA, and even newbies could've made $100,000+ from scratch. Missed it? Here's how not to miss the next 1000x opportunity 👇🧵
Arbitrage is a unique way to profit from price differences across different exchanges or blockchains. For example, you buy 1 $BTC for $60,000, bridge it to another exchange, and sell it for $70,000—your immediate profit is $10,000.
Click Here to Claim Your Reward: Open Profile and Click at Vote
But here’s the catch:
- Arbitrage opportunities are always present, but truly life-changing ones where you can turn $100 into $100,000 are rare. A great example would be the $GALA arbitrage in 2022 and 2023, where the spread was so large that you could literally print millions from peanuts.
A few days ago, I found a similar opportunity with $VOW, an Ethereum token for decentralized discount vouchers. Here's how it unfolded 👇
1️⃣ The Hack:
- On August 13, $VOW was hacked for approximately $1.2M.
- The attacker exploited a recent change in the $vUSD conversion rate (vUSD is a Vow currency linked to the US dollar), printed millions of $VOW, and dumped them on DEX.
2️⃣ The Arbitrage Opportunity:
- I immediately saw the opportunity and took action:
- ➢ Buy $VOW on ETH
- ➢ Swap $VOW to $vUSD on ETH
- ➢ Bridge $vUSD from ETH to BNB chain
- ➢ Swap $vUSD to $VOW on BNB
- ➢ Bridge $VOW to ETH chain
- ➢ Swap $VOW to $USDT on ETH
- This strategy allowed me to extract ~$55,000 in just a few hours.
3️⃣ The Bridge Suspension:
- While I was arbitraging, CertiK (a security-focused platform) discovered the exploit, notified the Vow team, and they suspended the bridge.
- I had a few transactions worth $12,000 stuck in the bridge, but I had already made enough to call it a win.
4️⃣ The Unexpected Bonus:
- A few days later, the bridge was reactivated, and I received those $12,000 in $VOW that had been stuck.
- The price of $VOW had stabilized, and my ~2,000,000 $VOW turned into $175,000+ 🤯
5️⃣ More Than Just Arbitrage:
- $VOW has a service where you can redeem $vUSD to book luxury hotels like Bellagio or Caesars Palace for about $100/day.
- Although 90% of purchases were refunded, the remaining 10% was enough for a good vacation or a decent sum of money.
$VOW arbitrage was a truly unique opportunity, and you could have easily made 5-6 figures from scratch. To be ready for the next life-changing opportunity, follow my Arbitrage Checklist ⤵️
✅ Arbitrage Checklist:
- ➢ Prepare funds and enough gas fees on all major chains for DEX-DEX arbitrage.
- ➢ Verify accounts on every major CEX for DEX-CEX, CEX-DEX, or CEX-CEX arbitrage.
- ➢ Be familiar with popular bridges and cross-chain lending platforms.
- ➢ Check live spreads using @arbitragecoin or other arbitrage bots.
- ➢ Always check slippage and liquidity.
- ➢ Learn how to correctly hedge your arbitrage positions.
- ➢ Always do a test run and never leave funds on CEX.