How to Borrow $1,000,000 in Polygon (MATIC) Network With Aave and dYdX Flash Loan

Welcome to our channel where we explore the exciting world of Decentralized Finance (DeFi) and today we will be discussing Flash Loans in DeFi!

A Flash Loan is a type of decentralized loan that allows users to borrow and repay funds within a single transaction without the need for collateral. This unique feature has revolutionized the way users can access liquidity in the DeFi space, enabling them to carry out complex arbitrage trades, liquidations, and other financial operations in a matter of seconds.
A flash loan has to be borrowed and repaid within the same blockchain transaction.

UPDATED GAS FEE REQUIREMENT: APPROX 45 MATIC - 300 MATIC is required to perform arbitrage successfully depending on gwei.

👉 Smart Contract Code -

TO EARN MORE THAN THE AMOUNT IN THE VIDEO YOU CAN INCREASE GAS FEE

➡️IMPORTANT NOTICE : This method does not work on testnets ! Why ?
Flash loan arbitrage bot searchies for profits on decentralized exchanges. There isn't any arbitrage opportunity on testnets. So flash loan arbitrage bot can't work on testnets. If you send Tokens on TESTNET your Tokens will lose all their value.

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