vusd-arbitrage.md

VUSD stable coin arbitrage with (USDC/DAI)

Description

VUSD is stable coin from Vesper. It provides arbitrage opportunity with other stable coins (USDC/DAI)

Contract Details

VUSD liquidity is available on Uniswap V3

VUSD Minter Contract (Convert DAI/USDC to VUSD). No fee is applicable on mint.

VUSD Redeemer contract (Convert VUSD to USDC/DAI). The 0.3% fee is applicable on redeem amount.

Uniswap V3 Router - Dex to swap tokens

VUSD - Vesper stable coin

USDC - Stable coin

DAI - Maker DAI Stable coin

Difficulty

Moderate

Is this a one-off opportunity or is it reoccurring?

Ongoing reoccurring opportunity

Steps to capture MEV

Option 1

1. Swap ETH to USDC/DAI on Uniswap V3.
2. Convert USDC/DAI to VUSD using Minter contract
3. Swap VUSD to ETH on Uniswap V3.

Option 2

1. Swap ETH to VUSD on Uniswap V3.
2. Convert VUSD to USDC/DAI using Redeemer contract
3. Swap USDC/DAI to ETH on Uniswap V3.

Other

NA