How to Use Slippage MEV by ChatGPT and make 0.7E/Day

Knighter [WeB]
22 Feb 202406:51

TLDRThe video script introduces a method to create a passive income-generating bot using ChatGPT, focusing on cryptocurrency trading. It warns against scams and details the setup process, including the use of MEV strategies on Ethereum platforms. The bot, requiring over 0.5 Ethereum, is open-source and can be deployed via Remix Ethereum and Metamask. The script guides through bot configuration, operation, and withdrawal of earnings, demonstrating a potential for significant profit within a 24-hour period.


  • 🚨 Cryptocurrency safety is paramount; avoid suspicious transactions and unofficial platforms.
  • πŸ€– The bot operates on the MEV (Maximal Extractable Value) principle, utilizing strategies like mempool analysis and arbitrage.
  • πŸ“ˆ MEV works by identifying and exploiting transactions with slippage in the Ethereum mempool for profit.
  • πŸ› οΈ To configure the bot, Metamask and Remix Ethereum are required, with more than 0.5 Ethereum recommended for optimal operation.
  • πŸ”— The bot's code is open-source, allowing for audits and modifications, but users are responsible for any changes made.
  • πŸ”„ The bot's functionality includes setting trade balance, starting and stopping operations, and withdrawing funds.
  • πŸ’° The bot can generate significant passive income, as demonstrated by earnings of over 1 Ethereum in a single day.
  • πŸ“Š Monitoring the bot's performance through Etherscan is essential to track yields and manage the bot effectively.
  • πŸ”„ Gas optimization is crucial for reducing costs when deploying and interacting with the bot's smart contract.
  • πŸ” The bot's API key is personal and should not be shared to maintain security and ownership.
  • πŸŽ₯ The video provides a step-by-step guide on setting up and operating the MEV bot for passive income generation.

Q & A

  • What is the primary purpose of the bot mentioned in the transcript?

    -The primary purpose of the bot is to create passive income by utilizing Maximal Extractable Value (MEV) strategies on the Ethereum network, specifically through arbitrage and frontrunning.

  • What are some precautions mentioned to avoid scams in the cryptocurrency world?

    -To avoid scams, the transcript advises avoiding suspicious transactions from unknown wallets and unofficial platforms that handle your assets.

  • What does MEV stand for, and what are its components?

    -MEV stands for Maximal Extractable Value. It involves using mempool analysis, arbitrage strategies, and frontrunning to capitalize on opportunities in the Ethereum network.

  • Which decentralized platforms on Ethereum are mentioned as working with the bot?

    -Uniswap and 1inch are mentioned as the decentralized platforms on Ethereum that the bot interacts with.

  • What is the minimum requirement for Ethereum to operate the bot effectively?

    -The minimum requirement for Ethereum to operate the bot effectively is 0.5 Ethereum, as smaller amounts do not offer enough slippage for profit.

  • What tool is recommended for creating and deploying the bot's smart contract?

    -Remix Ethereum is recommended for creating and deploying the bot's smart contract, as it is an official platform for Solidity language smart contracts.

  • How does the bot determine which transactions to frontrun?

    -The bot scans the mempool for transactions with slippage, and if it can benefit from them by paying a higher gas price to ensure its transaction is processed first, it will frontrun those transactions.

  • What is the role of the 'Key' in the bot's operation?

    -The 'Key' is a personal API key that identifies the user as the bot's owner. It is required to start working with the bot and must be kept confidential.

  • How can you track the bot's performance and earnings?

    -You can track the bot's performance and earnings by using Etherscan to monitor the smart contract's balance and transaction history.

  • What is the process for withdrawing funds from the bot?

    -To withdraw funds, you must first use the 'Stop' function to halt the bot's operations, then set the gas price to aggressive, confirm the transaction, and after successful confirmation, use the 'Withdraw' button to transfer the funds back to your wallet.

  • How much profit was made by the bot in the example provided in the transcript, and over what period of time?

    -In the example provided, the bot made more than 1 Ethereum in profit over a 24-hour period.



πŸ€– Introduction to Crypto Bot Creation

The speaker introduces the topic of creating a bot with ChatGPT to generate passive income. They caution about the prevalence of scammers in the cryptocurrency world and emphasize the importance of avoiding suspicious transactions. The speaker then outlines the technical aspects of the bot, which is based on the principle of Maximal Extractable Value (MEV) and operates using strategies like mempool analysis, arbitrage, and frontrunning on decentralized platforms like Uniswap and 1inch. The process of setting up the bot involves using Metamask and Remix Ethereum, with specific instructions provided for creating, compiling, and deploying the smart contract. The speaker also discusses the bot's requirements, such as a minimum of 0.5 Ethereum for operation, and the potential for higher profits with larger amounts of Ethereum. The bot is open-source and the speaker shares a link to the code in the description for those interested in understanding or modifying it.


πŸ“ˆ Tracking Yields and Withdrawing Earnings

The speaker demonstrates how to track the bot's performance over 12 and 24-hour periods, showing that a profit of 0.54 Ethereum (over $1,000) was made in less than 12 hours. After 24 hours, the profit exceeded 1 Ethereum, highlighting the effectiveness of the bot as a source of passive income. The speaker then guides the viewer through the process of stopping the bot, setting aggressive gas prices for transactions, and withdrawing the earned Ether back to the wallet. They emphasize the bot's lack of additional fees since the user is the owner, and the ability to check the bot's balance on Etherscan. The speaker concludes by encouraging viewers to subscribe for more content on coding and WEB3 technologies.




ChatGPT is an AI language model developed by OpenAI that is capable of generating human-like text based on the prompts it receives. In the context of this video, ChatGPT is used to create a bot that helps generate passive income through cryptocurrency trading. The script mentions creating a bot with ChatGPT, indicating the use of AI in automating financial transactions.

πŸ’‘Passive Income

Passive income refers to earnings derived from a source that requires minimal to no effort to maintain after initial setup. In the video, the creator discusses using a bot to generate passive income through cryptocurrency trading, emphasizing the appeal of earning money without active work.


Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks, such as blockchain technology. They are an emerging asset class and are known for their volatility and potential for high returns. In the video, the creator warns about the prevalence of scammers in the world of cryptocurrencies and emphasizes the importance of avoiding suspicious transactions.


MEV stands for Maximal Extractable Value, a concept in the Ethereum blockchain ecosystem where miners and other actors can manipulate transactions in the mempool to maximize their profits. This involves strategies like frontrunning and arbitrage, which the bot in the video utilizes to earn profits. MEV is a complex topic that relates to the inner workings of blockchain technology and its potential for profit.


A mempool is a collection of all unconfirmed transactions that are waiting to be included in the blockchain. Transactions in the mempool are not yet part of any block and are pending confirmation. In the context of the video, the bot scans the mempool for transactions it can take advantage of, using this information to execute profitable strategies.


Uniswap is a popular decentralized exchange (DEX) built on the Ethereum blockchain that allows users to trade various cryptocurrencies without the need for a centralized authority. It uses liquidity pools and automated market makers (AMMs) to facilitate trades. In the video, Uniswap is mentioned as one of the platforms where the bot operates, highlighting its role in the decentralized finance (DeFi) ecosystem.


Metamask is a digital wallet that allows users to interact with the Ethereum blockchain and manage their Ethereum-based assets. It serves as a gateway to decentralized applications (dApps) and is essential for users who want to engage in activities such as trading, investing, or developing on the Ethereum network. In the video, Metamask is required to deploy and interact with the bot.


Solidity is a programming language specifically designed for writing smart contracts on the Ethereum blockchain. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. In the video, the creator mentions using Remix Ethereum, a platform for writing smart contracts in Solidity, to configure the bot.


Frontrunning in the context of blockchain refers to the practice of observing pending transactions in the mempool and inserting one's own transaction ahead of it, often to gain an advantage such as a better exchange rate. This is one of the strategies the bot uses to capitalize on the MEV principle and generate profits for its users.


In the Ethereum network, 'gas' is a term used to describe the computational effort required to perform operations on the blockchain. Each transaction requires a certain amount of gas, and users pay for this computational work in Ether (ETH). Gas prices can fluctuate based on network demand and can significantly impact the cost of transactions. In the video, the bot uses gas prices strategically to outbid other transactions and profit from frontrunning.


Etherscan is a blockchain explorer for the Ethereum network that allows users to view and analyze transactions, addresses, and smart contracts. It provides detailed information about the Ethereum blockchain, including transaction histories and contract source codes. In the video, Etherscan is used to monitor the deployment and performance of the bot's smart contract.


DeFi, or Decentralized Finance, refers to financial services built on blockchain technology that do not rely on traditional financial intermediaries like banks. DeFi platforms enable peer-to-peer transactions, lending, borrowing, and investment opportunities in a decentralized manner. The video's focus on using a bot for trading on decentralized platforms like Uniswap is an example of DeFi in action.


The speaker created a bot using ChatGPT for generating passive income.

Cryptocurrency world is full of scammers, and the speaker advises to avoid suspicious transactions.

The bot operates on the principle of MEV (Maximal Extractable Value) using strategies like mempool analysis and arbitrage.

MEV works with decentralized platforms on Ethereum such as Uniswap and 1inch.

The bot's code scans the mempool for transactions with slippage and creates a higher-priced transaction to frontrun it.

The bot requires more than 0.5 Ethereum to function due to the need for sufficient slippage to make a profit.

The bot is open-source and can be audited or modified, but users are responsible for its functioning after modifications.

To set up the bot, one needs Metamask and access to Remix Ethereum for creating smart contracts.

The bot's smart contract needs to be compiled and deployed on the Ethereum Mainnet.

After deployment, the bot can be controlled via a control panel with functions like setting trade balance, starting, stopping, and withdrawing.

The speaker demonstrates the bot's functionality by deploying it and using it to frontrun transactions.

The bot can analyze the user's wallet balance and use it for frontrunning, as shown in the demonstration.

The speaker tracks the bot's 12 and 24-hour yields, showing significant profits in Ethereum.

The bot allows for the withdrawal of funds back to the user's wallet without any additional fees.

The speaker emphasizes the passive income potential of the bot and encourages viewers to subscribe for more content on coding and WEB3.