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on cryptokitties giveBirth() frontrunning

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dr. mia von steinkirch, phd 2023-02-07 08:33:10 -08:00 • committed by GitHub
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back_running/README.md → backrunning/README.md
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## 🥪 back-running (tailgating)
## 🥪 backrunning (tailgating)
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<br>
* a back-running bot that back-runs new token listings.
* a backrunning bot that back-runs new token listings.
* it monitors the mempool for new pairs being created on uniswap, if it finds a new pair the bot places a buy transaction imediately behind the initial liquidity.
* the bot swoops in and buys as many tokens as possible (but not all them as there needs to be an opportunity for others to buy tokens)
* the bot waits for the price to go up and other traders buy the token from uniswap and proceeds to sell back the tokens at a higher price