No Flashloan Fee with DODO

You can borrow a huge capital without any fee on DODO !

Photo by Sergey Zolkin on Unsplash

Summary

• DODO charges 0% flashloan fee
• You might earn some profits from arbitrage trades with dodo flashloan when the market is in high volatility.

What is Flash Loan??

First of all, what is flahsloan ?? Well, basically you can borrow a huge amount of tokens from Defi pools with no collateral as long as you pay back in the same transaction. There are quite a few Defi protocols that offer flashloan to get some flashloan fees. For example, Aave charges 0.09 % flashloan fee, so if you borrow 1 million USDC, you have to pay 900 USDC.

Flashloan Fee Comparison

• Uniswap: at least 0.05%
• Aave: 0.09%
• DODO & dydx: 0%

Is it Profitable ??

Well, I’m not quite sure yet to be honest. That fact that the Eth gas price has been so high, makes it even difficult to earn profits on Eth mainnet nowadays. You also have to pay fees for failed transactions, so I imagine you have to pay, say $80 for a failed transaction because there’s no arbitrage opportunities. That’s insane😢

Costs of Flashloan