First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins
Submitted by Anonymous (not verified) on Wed, 08/12/2020 - 15:19
So-called stablecoins like tether and USDC are $1 tokens in theory, but a complex arbitrage transaction seems to have netted one trader an 89% profit in just minutes.