Expected duration: Not sure I give substantially to a local charity bearing my family's name that supports arts and community building programs in the midwestern United States. I'd like to create a funding source for the organization using decentralized finance. I'm open to the method, but off the top of my head I could see any of the following:
1.) A liquidation bot that looks for undercollateralized loans in protocols like Aave or Cream, calls a flash loan to close the position, and returns the reward to a metamask wallet 2.) A leveraged yield farming smart contract that uses a protocol like compound to make a flash loan leveraged deposit (60% LTV), borrow the amount from the same protocol needed to pay the flash loan, generate COMP rewards or similar depending on the protocol on both sides of the transaction, withdraw the original principle once enough rewards are built up. 3.) A trading bot that will compare cryptocurrency pairs across different exchanges and call a flash loan to maximize the arbitrage opportunities it finds.
My goal is to find a way to generate $5,000-$10,000 per month or more to increase the charity's annual giving to its community.
Ideally this would happen in four phases: 1. Firming up the profit making strategy you will code 2. Coding any needed bots or smart contracts 3. Having the code audited (for the charity's protection. This is a requirement since public funds are involved.) 4. Deployment on a non-Ethereum mainnet. I like Polygon, but I'm open-minded. I just don't want to incur the Ethereum gas fees.
I am an amateur solidity dev (very amateur) but I can provide some rough code for a few of these ideas if that is helpful. I've gotten some of them wired up on a ganache-cli forked Ethereum mainnet, but I'd rather work with an experienced coder before trying to deploy anything live.
I have some budget flexibility, but I'd have to be really blown away by your ideas and plans to pay more than the $1,000 budget I've defined. (This doesn't include the pre and post-deployment audits that would be paid for by the charity.) Ideally, this revenue generating project could be up and running by the end of May.
