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    37. [Elite] Address Tagging

    "What are the various clusters of behavior among THORChain addresses? One cluster we would expect to see would be arbitrage bot addresses, but feel free to get creative in the clusters you identify. Hint: Use whatever Tables you want!"

    How to find arbitrage bot addresses

    • Find arbitrage chances using thorchain.prices table
    • Find address which conducted swaps in the same block_id when these arbitrage moments happens
    • Choose addresses which have more than 1000 transactions and the total swap volume more than $10000

    When does arbitrage chances appear?

    We can find chances like this by looking at thorchain.prices table. Asset_USD and RUNE_USD values are obtained from other sources while the Asset/RUNE ratio are actual ratio in the pool. The arbitrage chances appears whenever one of the following cases happen:

    • (rune_usd / price_asset_rune) > asset_usd
    • (asset_usd / price_rune_asset) > rune_usd

    When I queried data from the table, only the case when (rune_usd / price_asset_rune)> asset_usd can happen. I also set the threshold at over 0.1 to find the chances that really matter. Then, I used this as a factor to find arbitrage bot addresses

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