Our team helped Arbitron to build a crypto arbitrage bot operating on decentralized exchanges.
About the Client
Client since: 2020
Arbitron is a decentralized application, which executes crypto arbitrage on decentralized exchanges based on Binance Smart Chain. The dapp provides users with LP rewards in return for deposits.
The client wanted to develop a platform where users can connect their wallets and deposit crypto in a DEX pool. Later, the pool will take part in arbitrage automated trading and allocate the profits to users based on the amount they staked.
Exio.Tech created a decentralized application that rewards users with LP tokens as a return for the deposit they make.
The price of the LP token depends on the performance of the arbitrage and increases over time. A user can withdraw their tokens whenever they want and receive a stable profit.
Meanwhile, the client received a dashboard with the help of which they can manage the users and the arbitrage bot.
The bot consists of two components; a scanner bot and a smart contract. The scanner bot works in Phython and checks the top 5 decentralized exchanges based on the Binance Smart Chain. The program is looking for an arbitrage opportunity. Finding such an opportunity, the bot calls the Trade Executor Bot. The latter is a smart contract that executes buying and selling orders.