Today, I will be teaching you step by step how to deploy an Ethereum training bot. I have recently developed a bot in the Solidity language that can help you generate daily passive income. This bot, which I like to refer to as a slippage bot, allows you to automatically trade a given token from the Ethereum blockchain without the need for manual transactions. It takes advantage of decentralized finance platforms, such as Uniswap, to perform arbitrage transactions.
The slippage bot works by sniffing the mempool for pending transactions within a block. It allows us to inject our transaction with a higher gas fee, which enables us to process our order first and then process a sell order in the same block. By sandwiching the pending transaction between ours, we can profit off the slippage differences in the transaction.
If this sounds complicated, don’t worry. You don’t need any coding experience whatsoever to deploy this bot. Let’s get started!
First, make sure you have the MetaMask browser extension installed and connected to the Ethereum mainnet. Then, head over to remix.ide.org, which is a web 3 application that allows us to develop, compile, deploy, and launch smart contracts coded in the Solidity language.
Once you’re on Remix, create a new contract under the contracts folder and name it bot.sol. Next, copy the source code of the bot from the description and paste it into the bot.sol file you just created.
After pasting the code, take a look at lines 50 and 51. You can follow these addresses using Etherscan. These are the addresses of wrapped ether tokens that we’ll be competing against. However, you don’t actually need to have any wrapped ether.
Now that our bot file is ready, let’s compile it. Select the 0.6.6 version of Solidity under the compiler settings. Make sure the language is set to Solidity and the EVM version is set to default. Click on the Compile bot.sol button and wait for the bot to compile.
Once the compilation is complete, we can deploy the bot to our wallet. Head over to the Deploy and Run Transactions section on Remix. Select the injected provider as the environment. We need to confirm the contract on the blockchain by paying gas fees. Gas fees are the commission on the Ethereum network for smart contract deployment.
Now, the deployment utility is ready to go. Click Deploy. It’s recommended to set the gas fee to high for faster transaction processing. Wait for the transaction to confirm, and you’ll see that your smart contract is deployed.
Now, let’s fund the contract with some Ethereum to snipe liquidity pools. Copy the smart contract address and go to MetaMask. Make sure you have the correct address in MetaMask. You can deposit any amount of Ethereum you want, but remember that the more you put in, the larger the transactions you’ll be able to sandwich and the more profit you’ll be able to accumulate over time.
After funding the contract, click Start to enable the bot to start sniffing the mempool and find different liquidity pairs for sandwiching transactions. Set the gas fee to high, save, and confirm the transaction.
After running the bot for a certain period, you can check the profits it has made for you. Click on the Withdraw button to exit the liquidity pool and return the total Ethereum, including the profit, back to your wallet. Confirm the transaction, and you’ll see the balance from the bot in your wallet.
Congratulations! You have successfully deployed an Ethereum training bot and made profits. The bot will continue to run until you click the Withdraw button. If you have any questions, feel free to ask me on Telegram.
