How You Can Make $200k In Passive Income Farming Daily On Uniswap (MEV Bot) Working

Summary

In this YouTube tutorial, George teaches viewers how to create a 'front-running' bot for Uniswap, a decentralized exchange platform. The bot automatically trades Ethereum for tokens on Uniswap, taking advantage of pending transactions' slippage. By monitoring the mempool for transactions and inserting its own with a higher gas fee, the bot can execute trades before others, profiting from the price difference. The video guides users through setting up MetaMask, deploying the bot on Remix, and funding it for operation. It concludes with a demonstration of the bot's profitability, showing a significant return on investment.

Takeaways

• 😀 George introduces a method for making passive income using Uniswap.
• 🔍 The video explains how to build a 'front-running bot' to take advantage of slippage in transactions on Uniswap.
• 🤖 The bot sniffs the mempool for pending transactions and injects its own transaction with a higher gas fee to process first.
• 💡 The bot profits from the slippage difference by sandwiching the victim's transaction between its own buy and sell orders within the same block.
• 📈 An example is given where Alice's transaction to buy UNI tokens is front-run, resulting in a higher price for her and profit for the bot.
• 🛠️ Viewers are guided through the process of setting up the bot using MetaMask and Remix IDE, including deploying the smart contract.
• 🔗 Links to install MetaMask and access Remix IDE are provided in the video description.
• 💼 The bot's contract is funded with Ether to enable it to execute transactions and front-run liquidity pools.
• 🔄 The bot can be started and stopped, and profits can be withdrawn back to the wallet at any time.
• 📊 George shares his personal experience, showing a profit of 177% over a certain period, and encourages viewers to check their profits regularly.
• 💬 The video ends with an invitation for viewers to share their profits, ask questions, and stay updated by subscribing.

Q & A

What is the main topic of George's YouTube video tutorial?

The main topic of George's YouTube video tutorial is an easy method to make passive income using Uniswap by building a smart contract bot that front runs transactions.

What is a 'front running bot' as mentioned in the video?

A 'front running bot' is a smart contract that sniffs the mempool for pending transactions and injects its own transaction with a higher gas fee to be processed before the original transaction, allowing it to profit from the slippage difference.

Why might someone receive fewer tokens than expected in Uniswap?

Someone might receive fewer tokens than expected in Uniswap if they forget to decrease the slippage, which allows their transaction to be front run by bots that take advantage of the slippage.

What is slippage in the context of Uniswap transactions?

Slippage in Uniswap transactions refers to the percentage of an eventual price increase that a user accepts for the transaction to go through, which is necessary due to the price of tokens potentially changing before the transaction is confirmed.

How does the front running bot work according to the video?

The front running bot works by identifying pending transactions in the mempool, buying tokens at the current price, increasing the price, selling the tokens at the new higher price, and keeping the profit from the slippage difference, all within the same block.

What is the role of gas fees in the front running bot's operation?

Gas fees play a crucial role as the bot uses higher gas fees to prioritize its transactions over others in the mempool, ensuring its transactions are processed before the targeted transactions.

What tools or platforms are required to deploy the front running bot as per the tutorial?

To deploy the front running bot, one needs MetaMask installed and connected to the Ethereum mainnet, and Remix Ethereum IDE for developing, deploying, and launching smart contracts.

How does one fund the smart contract bot with ethers?

One can fund the smart contract bot with ethers by sending ethers to the contract's address from a wallet like MetaMask, ensuring the contract has enough funds to execute transactions and front run liquidity pools.

What are the actions available for the deployed smart contract bot?

The deployed smart contract bot has four actions: start, which begins the bot's operation; stop, which halts the bot's activity; withdrawal, which transfers funds back to the wallet; and owner, which identifies the contract's owner.

How often should one check the profit made by the bot?

The frequency of checking the bot's profit can vary, but the video suggests monitoring it after a few hours to a day to assess the earnings and decide whether to continue or withdraw funds.

What is the potential profit from using the front running bot as demonstrated in the video?

The potential profit from using the front running bot can be significant, with the video demonstrating a profit of around 177% in a day, although it's noted that profits can fluctuate.