DeFi Daily Digest 2022-08-18: More Front-Running on Coinbase, and MakerDao's $400M Bank Run.
Token front-running was common at Coinbase crypto exchange, and Hasu's deleted tweet suggested MakerDao suffered from EMO governance.
Security
Market
Coingecko has released a new ‘Tokenomics’ tab that will allow users to quickly see a protocol’s tokenomics. Here is the tracker.
MEV
Lending
Here’s the Arbitrage Briefing Made for You.
We have highlighted key takeaways about yesterday’s arbitrage and frontrunning in our Arbitrage Daily Report and Sandwich Arbitrages Daily Report.
If you find some amazing transactions in our daily report, just submit them to #AwesomeTx Bounty, where 500 $USDT is waiting for you: https://github.com/eigenphi/AwesomeTx
Yesterday must have been an awful day for rich token holders, as the top 3 victims of the day are all Token Millionaires.
The Token Millionaire with $10M in holdings has suffered heavy loss in the last 7 days. It was squeezed for $399,46 in 16 🥪s while losing $18,789 in yesterday's 🥪.
This 🥪 was also the top tx of the day, bringing the 😈 over $5,632 in profits.
The 😢 at the time was trying to swap 2,650 $WETH for $USDC but became the recipe of the 🥪.
How did the 😈 make the front-running? It just used 1,473 $WETH to buy $USDC, which raised the $WETH/$USDC price in a UniV3 LP (0x88e). Thus the 😢 had to pay more $WETH than usual.
In another 🥪, whose victim has lost over $23,480, the #MEV employed over $12.8M to launch the attack with the help of an AAVE loan.
Finally, it only earned $3,063.9. The cost reached $20,416, most of which was paid to the miner 🔨.
The top 2 profitable 🥪, whose trading volume hit $10M, have pushed $LUSD onto the hot token leaderboard.
As a result of those big 🥪s, the profit made by 🥪 chefs increased by nearly 40%, while the cost surged by 87%.
The data of #MEV performance on #BNBChain was also made for you. Source: @Eigenphi. EST period: 17/08~18/08 UTC+0.
AND Do Not Miss Your Chance to Get $USDT FOR FREE.
150 $USDT is at your fingertips.
Come and join Eigenphi’s “Awesome Web3 Transactions Bounty” project in August now, and we are waiting for awesome transactions found by you.
Where can I find these transactions?
Use EigenPhi to discover all kinds of MEV txs, including: Sandwich, flash loan, liquidation, and arbitrage.
Use Dune and Flipside and search with keyword "transaction". I.e.:this AAVE Explore.
Flashbots' MEV-Explore is also a good place to start, ZeroMEV as well.
Search twitter account's history. I.e.:PeckShield always posts interesting txs.
You can always use Etherscan to find txs.
Rewards
The top 3 transactions will be decided via votes from the users.
🥇 50 $USDT.
🥈 40 $USDT.
🥉 30 $USDT.
And you are more than welcome to share your analysis on these transactions too. The top 3 will be rewarded:
🥇 150 $USDT.
🥈 120 $USDT.
🥉 100 $USDT.
HAPPY HUNTING!!
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