• en
  • ru
  • es

A case for those holding ARB tokens. How to profit from coins on the Arbitrum network?

A case for those holding ARB tokens. How to profit from coins on the Arbitrum network?
Max
10/07/2023
Authors: Max
#Scanner

We have an interesting strategy for those who hold ARB tokens.

  1. You buy ARB tokens on the Arbitrum network or on a centralized exchange (CEX) and withdraw them to an Ethereum wallet on the Arbitrum network as ARB tokens.

  2. Then, you can transfer the ARB tokens from the Arbitrum network back to the ERC20 network using the official ARB token. Please note that the fee will be around $15 in the ERC20 network and $1 on the Arbitrum network.

    It's important to have some Ether in the ERC20 network beforehand, approximately around $100, so that you have enough funds to complete the transfer in case of high gas fees.

  3. After sending the tokens through the bridge, you'll need to wait for approximately 7-8 days or even longer before the tokens are fully transferred to the ERC20 network.

It's important to note that the spread (price difference) between these two networks is relatively stable, at least until centralized exchanges (CEX) start withdrawing Arbitrums to the Ethereum network. During this period, you can earn a profit of 10-30% per week or per cycle.

Additionally, it is worth mentioning that ARB is not the only coin on the Arbitrum network, and you can find many other similar pairs. This strategy takes some time, but if you don't want to wait for the prices to align, you can set a profit of 5 to 8 percent in a trading bot to cover the commission expenses.

We tested this combination at 10 percent, transferred it to the Ethereum network, and waited for about a week before returning to the exchange and obtaining a 10 percent profit.

P.S. Don't forget that there are other coins in the Arbitrum network, and you can find many similar combinations

 
 

 

 

Subscribe to us on social networks: