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This Trader Grabs $150,000 on Saddle Finance Via Synthetic BTC Swap Transactions

Mary Liu

Summary: One trader makes an arbitrage of $150,000 through synthetic Bitcoin swap transactions on Saddle Finance, a decentralized financial platform that focuses on exchanging pegged digital assets, according to the data from Etherscan. The user used 0.34 sBTC (Synthetix's Bitcoin-pegged token) in exchange for 4.36 WBTC (BitGo's Bitcoin-pegged token) and obtained a return of nearly 13 times. Saddle Finance ...

One trader makes an arbitrage of $150,000 through synthetic Bitcoin swap transactions on Saddle Finance, a decentralized financial platform that focuses on exchanging pegged digital assets, according to the data from Etherscan.

The user used 0.34 sBTC (Synthetix's Bitcoin-pegged token) in exchange for 4.36 WBTC (BitGo's Bitcoin-pegged token) and obtained a return of nearly 13 times.

Saddle Finance is supported by many well-known venture funds, such as Framework Ventures, Polychain Capital, Dragonfly Capital, Coinbase Ventures, Alameda Research, etc.

By Mary Liu

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Link: This Trader Grabs $150,000 on Saddle Finance Via Synthetic BTC Swap Transactions   [Copy]
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