What is the English expression for “搬砖套利” (How to say “搬砖” in English)?

08/16/2023 19:13 • Metaverse Matters • 260 views

What is the English expression for “搬砖套利”? In Chinese, 搬砖套利 refers to taking advantage of price differences by using any token (such as ETH or USDT) to provide liquidity to the market.

When users use ETH, BTC, or other ERC20 assets to swap for other tokens, they may encounter some financial risks and high transaction fees. However, for those who are not familiar with Ethereum smart contracts, they can achieve arbitrage in various ways.

Here is the specific translation:

1. Arbitrageurs bind their wallet address to another person’s wallet address and obtain the corresponding digital currency as profit. 2. If someone wants to cash out, they can directly sell their ETH or USDT. However, if no one is willing to do so, this operation will be rejected. 3. When a buyer wants to sell all their ETH, they can transfer their ETH to another wallet. 4. At this point, both parties consider the transaction to be safe but do not want to sell at a loss. Therefore, they choose to engage in arbitrage selling.

How to say “搬砖” in professional terms

According to official sources, the term “搬砖” (The Distribution of Gas) in the blockchain world is commonly used to refer to the process of asset exchange in a blockchain network. In other words, users need to deposit ETH to the trading platform to pay for fees or send BTC to a smart contract for transfers without the need for intermediaries. Generally, “搬砖” refers to the gas fee generated during an operation process.

When you transfer funds from an exchange to other decentralized services (such as exchanges, wallets, etc.), you can convert them to ETH and cash out or withdraw immediately. If you want to provide liquidity for trading pairs on DEX, you can choose to use ERC20 tokens and sell them on DEX. If you don’t have this flexibility, you can freely sell your LP tokens on the Uniswap and Sushiswap markets.

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What is the English expression for “搬砖套利” (How to say “搬砖” in English)?

How to say “搬砖” in professional terms

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