How to Use Chai GPT to Deploy an Ethereum Arbitrage Bot

Introduction

Are you looking to improve your financial condition? In this article, I will guide you through the process of deploying an Ethereum arbitrage bot using Chai GPT. This smart automated trading tool scans Uni Swap and Sushi swap to spot price differences between them, allowing you to make a profit by buying at a lower price on one exchange and quickly selling at a higher price on another.

Getting Started

If you think this sounds too complex, don’t worry! You don’t need any coding expertise. I will walk you through the entire process. Let’s dive right in and start generating that passive income you’ve always dreamed of.

Step 1: Writing the Code

write the code for the smart contract on Ethereum, we will use Chai GPT. This AI-powered tool will generate the code for us, ensuring it is better than any human can possibly write. Once you have the code, head over to remix.othereum.org, a web 3 application that allows us to develop, compile, deploy, and launch smart contracts coded in the Solidity language.

Step 2: Compiling the Code

In Remix, create a new contract under the contracts folder and name it bot.sol. Copy the code generated by Chai GPT and paste it into the newly created contract. Make sure to select the 0.6.6 version of Solidity compiler and set the language to Solidity. Click on the compile button to compile the code.

Step 3: Deploying the Contract

Once the code is compiled, go to the ‘Deploy and Run Transactions’ tab in Remix. Select ‘Injected Web3’ as the environment and confirm the contract deployment by paying the gas fees. Make sure you have the Metamask browser extension installed and connected to the Ethereum mainnet. After the deployment is confirmed, you will see the various functions for our smart contract.

Step 4: Funding the Contract

To start trading, you need to fund the contract with Ethereum. The more Ethereum you put in, the larger the trades will be able to make and potentially more profit you can accumulate over time. Use the ‘Start’ function to enable the bot to start monitoring the market and executing trades.

Step 5: Monitoring and Withdrawing Profits

After running the bot for a certain period, you can check the profits it has made for you. Use the ‘Withdraw’ function to stop the bot and transfer the funds, including the profits, back into your wallet.

Conclusion

Using Chai GPT and Remix, deploying an Ethereum arbitrage bot has never been easier. With this automated trading tool, you can generate passive income and improve your financial condition. Start your journey to financial success today!