Someone just turned $1.45 into $2 million! Here’s how.
One bold crypto user is now sitting on a $2 million fortune by trading $1.45 for it.
One trader’s loss…
When one trader forgot to set maximum slippage on a swap of $2M worth of 3CRV tokens for $2M in the USDT stablecoin in a very illiquid pool, the return was just 5 cents because the pool only had about $2 worth of liquidity.
…is another’s gain
Somebody else was swift enough to notice this and balance the pool out with just $1.45 (plus 23 ETH/~$33k in validator bribes).
It could’ve been you
Set minimum slippage. Or, consider joining a fund with a proven successful track record (in DeXe Funds, traders’ history is on-chain and is easily visible to anyone, along with the fund’s strategy, size, and other parameters).
You can also use pro traders to monitor dormant pools like that 3CRV/USDT one and nab you a piece of that lucky arbitrage pie.
Btw, if you prefer to invest together with friends, you can use a DAO pool or a sub-DAO to do that.
