First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins

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.


First Mover: How a DeFi Trader Made an 89% Profit in Minutes Slinging Stablecoins written by Daniel Cawrey @ https://www.coindesk.com/first-mover-how-a-defi-trader-made-an-89-profit-in-minutes-slinging-stablecoins August 12, 2020 Daniel Cawrey

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